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    44858 Santa Anita Ave Palm Desert, CA 92260

    Sponsored
    For Sale
    $995,000

    MULTI_FAMILY - Palm Desert, CA

    Property size:
    3,046 SF
    Lot size:
    0.23 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 6 at 8:06 pm

    Property Features for 44858 Santa Anita Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Blinds
    Rooms
    Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 2
    Bedrooms
    7
    Bathrooms
    4
    APN
    625091004
    Parking
    4
    Parking features
    On Street, Assigned
    Pool private
    1
    Size
    3,046 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Carpet, Vinyl

    We can help!

    Listing Contact
    Beth A Feist

    Equity Union Real Estate (818) 631-1660

    Listing agent Beth A Feist (760) 272-5712

    Listing date Feb 5, 2026

    MLS# 219142750 Listing URL

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Palm Desert Multifamily Investment Opportunity

    This central Palm Desert property presents an investment opportunity, featuring a single-family residence and a separate duplex on a corner lot. The 3-bedroom, 2-bath home, approximately 1,528 square feet, is currently leased and includes a spacious living room, separate kitchen and dining area, and a private fenced backyard with a swimming pool. The home features custom birch cabinetry and Corian countertops in the kitchen and bathrooms. The interior and exterior have been recently painted, and a new roof was installed in 2024. The duplex consists of two 2-bedroom, 1-bath units, each approximately 759 square feet. Both units have new HVAC systems installed in 2025. One unit has been extensively updated with new windows, interior and exterior paint, vinyl plank flooring (except in the bathroom), new kitchen cabinetry and countertops, updated plumbing fixtures and electrical outlets/switches, a new stove and hood, tiled shower/tub, new vanity and sink, and window treatments. The second unit is currently leased and offers new carpeting, granite kitchen countertops, a new stove and hood, updated sink and fixtures, and window blinds. New roofing was installed on both the house and duplex in 2024. The property is located near El Paseo, shopping, dining, retail, business centers, and College of the Desert. The lot size is 0.23 acres, and the total property size is 3,046 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.369264
    Latitude
    33.722325

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit property with a house and duplex on corner lot.
    Where is this multifamily property located?
    The property is located at 44858 Santa Anita Ave Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Three income-producing units: a single-family residence and a duplex.; - Prime central Palm Desert location, minutes from El Paseo, shopping, dining, and College of the Desert.; - Single-family residence features a **private fenced backyard with a swimming pool.**
    (760) 272-5712
    Request Owner's contact information
    44858 Santa Anita Ave Palm Desert, CA 92260
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    Palm Desert, CA 92260
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    44858 Santa Anita Ave Palm Desert, CA 92260
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    We can help!
    Listing Contact
    Beth A Feist
    (760) 272-5712
    Learn more
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