ActiveCommercial · sale

11771 upland way

Desert Hot Springs, CA 92240

$890,000

    Listed by Compass · MLS #260011149SD

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    11771 upland way, Desert Hot Springs, CA 92240 · MLS #260011149SD

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    THE PROPERTY

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    11.0% Cap Rate | 7 Units | Fully Remodeled 2023 | Seller Motivated — Priced to Sell Don't let this one sit on your screen. This 7-unit income property in Desert Hot Springs delivers an 11.0% cap rate at the asking price of $890,000 — and it's already performing. Gross annual rents at full occupancy exceed $122,000, with a net operating income of $98,244 based on current actuals. Unit mix: 4 studios, 1 one-bedroom/one-bath, 2 two-bedroom/one-bath units, plus 1 fully detached unit. Entire property was fully remodeled in 2024 — new everything. Low deferred maintenance, gated private lot on 0.34 acres, driveway parking. Wall furnace heat, wall/window A/C, tile flooring throughout. Priced $41,000 below the Zillow Zestimate of $931,100. At $127,143 per door, this is well below replacement cost for new construction. Cash or 1031 exchange only — ideal as a replacement property for sellers coming out of a larger asset. Seller is motivated and wants a clean, fast close. Bring your buyers. The numbers speak for themselves. Contact Joe Corbisiero | Compass | DRE #01886351 | (760) 201-9252

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    THE NEIGHBORHOOD

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    11771 upland way, Desert Hot Springs, CA 92240

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    LOCAL MARKET CONTEXT

    Riverside County housing market

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    12-month price trend$609,275Down 0.3% vs. the previous 12 months
    Months of supply4.112-month average
    Days on market5312-month weighted average

    These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

    THE DETAILS

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    Property type
    CommercialSale
    Category
    Commercial
    Cooling
    HeatPump
    Parcel
    639322016
    HOA fee
    $0.00

    Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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    Listing information

    MLS #260011149SD · California Regional MLS

    Listing brokerage: Compass
    Listing agent: Joe Corbisiero

    Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.