55+ Co-Op Senior
69850 Highway 111 Rancho Mirage, CA 92270
69850 Highway 111, Rancho Mirage, CA, 92270
$269,900
For Sale
$269,900
MULTI_FAMILY - Other - Rancho Mirage, CA
Property Size1,050 SF
Lot Size12.23 Acres
Price / SF$257.05
Days on Market132
Property Features for 69850 Highway 111
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1
- Parking
- 1
- Parking features
- Assigned, Carport, Guest
- Spa
- 1
- Window features
- Blinds, Screens
- Pool private
- 1
- Interior features
- Granite Counters, Vaulted Ceiling(s), Beamed Ceilings, Open Floorplan
- Exterior features
- Balcony
- Fencing
- Chain Link
- Appliances
- Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave Oven, Refrigerator, Stackable W/D Hookup, Washer
- Standard status
- Active
- APN
- 689040017
- Size
- 1,050 SF
- Lot size
- 12.23 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s), Electric
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic, Bamboo, Laminate
- Building materials
- Stucco
- Architectural style
- Other
Listing Agency
Berkshire Hathaway HomeServices California Properties
(760) 323-5000
2905 E Tahquitz Canyon Way, Yorba Linda, CA
Listed by
Melissa C Lundgren · License #02030835
(760) 668-2544
Added: Mar 9 Checked: Jul 18 at 8:06 am
MLS# 219145014
Listing URL
Copyright © 2026 California Desert Association of REALTORS®. 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.
Desert Braemar presents a 55+ co-op residence within a gated community, offered as Unit 260. The home features an inviting balcony overlooking a serenity garden, landscaped green spaces and pathways, and the surrounding mountains. Inside, vaulted beamed ceilings add character, and the open-concept kitchen is updated with granite and stainless finishes, generous counters, and bar top seating. The spacious bathroom includes double vanities and a stylish walk-in shower. A stack washer/dryer is also included.
Located at 69850 Highway 111 in Rancho Mirage, the community is set up for low-maintenance living and day-to-day ease. On-site amenities support an active routine, including a pool and spa, tennis and pickleball courts, lawn bowling, and a putting green. Residents also have access to a fitness center, as well as a garden room with a full kitchen and outdoor entertaining spaces.
The co-op structure and included services make this unit practical for residents looking to simplify ongoing costs. According to the HOA details provided, property taxes, water, cable, internet, and exterior maintenance and grounds care are included, helping reduce the time and coordination typically required for upkeep. The location also supports walkable access to nearby eateries, cafes, shopping, and walking trails.
Located at 69850 Highway 111 in Rancho Mirage, the community is set up for low-maintenance living and day-to-day ease. On-site amenities support an active routine, including a pool and spa, tennis and pickleball courts, lawn bowling, and a putting green. Residents also have access to a fitness center, as well as a garden room with a full kitchen and outdoor entertaining spaces.
The co-op structure and included services make this unit practical for residents looking to simplify ongoing costs. According to the HOA details provided, property taxes, water, cable, internet, and exterior maintenance and grounds care are included, helping reduce the time and coordination typically required for upkeep. The location also supports walkable access to nearby eateries, cafes, shopping, and walking trails.
Key Highlights
- Gated 55+ Co‑Op community in Rancho Mirage, Unit 260 with balcony and mountain/surrounding views.
- Updated kitchen with granite counters and stainless appliances, plus stackable washer/dryer included.
- Living spaces feature vaulted beamed ceilings and an open floorplan; flooring includes bamboo, laminate, and ceramic tile.
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 |
1,050 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Senior Housing / Retirement ...
Similar For Sale Nearby
FAQs
What type of property is this?
Senior housing / Retirement Home - Gated 55+ co-op living with balcony views and an HOA that includes utilities, taxes, and exterior maintenance.
Where is this senior housing / retirement home located?
The property is located at 69850 Highway 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Gated 55+ Co‑Op community in Rancho Mirage, Unit 260 with balcony and mountain/surrounding views.; Updated kitchen with granite counters and stainless appliances, plus stackable washer/dryer included.; Living spaces feature vaulted beamed ceilings and an open floorplan; flooring includes bamboo, laminate, and ceramic tile.
