69850 Highway 111 Rancho Mirage, CA 92270
MULTI_FAMILY - Rancho Mirage, CA
Property Features for 69850 Highway 111
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Living Room, Bedroom 2, Bedroom 1, Bathroom 1, Laundry Room
- Parking
- 1
- Parking features
- Assigned, Guest, Carport
- Window features
- Screens, Blinds
- Pool private
- 1
- Interior features
- Beamed Ceilings, Partially Furnished, Living Room Balcony, High Ceilings, Brick Walls, Open Floorplan
- Fencing
- Chain Link, Brick
- Appliances
- Disposal, Microwave, Refrigerator, Gas Water Heater, Gas Range, Gas Oven, Dishwasher
- Standard status
- Active
- APN
- 689040017
- Size
- 1,050 SF
- Lot size
- 12.23 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Flooring type
- Bamboo, Laminate, Tile
- Building materials
- Stucco
Listing agent Melissa Lundgren License #02030835 (714) 998-8810
Listing office Berkshire Hathaway HomeServices California Properties 2905 E Tahquitz Canyon Way, Yorba Linda, CA (760) 323-5000
Listing date Mar 9, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 69850 Highway 111 in Rancho Mirage, in Riverside County, California (92270).
If you’re reviewing options in the Rancho Mirage area, this asset provides a straightforward multi-family income profile with the above lot size and building square footage provided in the listing information.
Key Highlights
- 1958 construction with stucco exterior
- Central heating and cooling with natural gas and central air
- Private pool with brick and chain‑link fencing
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $30.00 |
| − Vacancy | −$599 | −$0.57 |
| EGI | $30.9k | $29.43 |
| − OpEx | −$13.9k | −$13.24 |
| NOI | $17.0k | $16.19 |
