11771 upland way, Desert Hot Springs, CA 92240
11771 upland way, Desert Hot Springs, CA 92240
11771 upland way, Desert Hot Springs, CA 92240
11771 upland way, Desert Hot Springs, CA 92240
11771 upland way, Desert Hot Springs, CA 92240
11771 upland way, Desert Hot Springs, CA 92240
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Gloria Shepard

Gloria Shepard

+1(619) 889-8498
$ 915,000
Est. payment | /mo

3,200 SqFt

Save
$ 915,000
Est. payment | /mo
Save

3,200 SqFt

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $285

MLS Listing ID 260011149

Property Sub-Type Com-Res Income

Property Description

Immediate 9.4% Cap Rate on a stabilized, high-cash-flow asset in the Desert Hot Springs opportunity zone. Extensively remodeled in 2024, this 7-unit multi-family property offers a rare combination of modern aesthetics and mechanical efficiency. The property features 7 individual electric meters, a critical operational advantage in the desert that shifts the highest utility burden—air conditioning—directly to the tenants. The 2024 renovation included updated systems, new finishes, and a private gated perimeter, ensuring zero deferred maintenance for the incoming investor. Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates. Investment Highlights: Superior Yield: Stabilized 9.46% Cap Rate with a 19-21% expense ratio. Major 2024 Renovation: Turnkey asset with new systems and finishes. Operational Efficiency: 7 individual electric meters significantly reduce owner-paid utilities. Gated Perimeter: Enhances security and curb appeal for high-quality tenant retention. Marketing Flyer Framework The Property: 11771 Upland Way Price: $915,000 Units: 7 Status: Fully Remodeled 2024 Net Income: $86,601 Why Invest Here? Most investors in the Coachella Valley struggle with high utility costs and aging infrastructure. This property solves both. With a 2024 remodel and individual metering, your overhead is locked in while your income is protected by the high demand for modern rentals in the 92240 zip code.

Location

State CA

County Riverside

Interior

Cooling Heat Pump

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 639322016

MLS Router / San Diego MLS
Listed by Joe Corbisiero, DRE#01886351 Compass 

NEARBY SCHOOL & BUSINESS

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Gloria Shepard

Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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