55+ Co-Op Ground-Floor
69850 Hwy 111 #13 Rancho Mirage, CA 92270
69850 Hwy 111 #13, Rancho Mirage, CA, 92270
$225,000
For Sale
$225,000
MULTI_FAMILY - Contemporary - Rancho Mirage, CA
Property Size1,050 SF
Lot Size0.00 Acres
Price / SF$214.29
Days on Market146
Property Features for 69850 Hwy 111 #13
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
- Parking
- 2
- Parking features
- Guest, Covered, Assigned
- Spa
- 1
- Pool private
- 1
- Standard status
- Active
- APN
- 689040017
- Size
- 1,050 SF
- Lot size
- 0.00 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1957
- Floors in Building
- 1
- Flooring type
- Laminate
- Architectural style
- Contemporary
Listing Agency
Bennion Deville Homes
(760) 459-0057
201 N Palm Canyon Dr. Ste 120 Palm Springs South Office, Rancho Mirage, CA
Listed by
Jay Saufl
(760) 898-4234
Added: Feb 22 Checked: Jul 18 at 9:06 am
MLS# 219143628
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.
This ground-floor co-op unit features 2 bedrooms and 2 bathrooms with two patios. The home is described as being maintained and offered fully turnkey furnished. Residents also benefit from on-site community staffing, with the property maintained by 6 full-time staff including 3 gardeners, 2 maintenance crew, and an on-site manager.
Located in Desert Braemar in Rancho Mirage, the community is presented as a quiet, gated 55+ setting with no views of cars or roadways, according to the remarks. The shared grounds are described as 12+ acres, and the location provides easy access to Palm Springs and Palm Desert for dining and shopping. The listing address is 69850 Hwy 111 #13, Rancho Mirage, CA 92270, in Riverside County.
Day-to-day living is supported by extensive community amenities, including a clubhouse, gym, library, pickleball, tennis, lawn bowling, shuffleboard, pool, spa, dog park, and a putting green. The amenities and services listed include water, sewer, trash, maintenance, and cable TV with premium channels. The HOA is stated to cover property taxes as well. As a Desert Braemar co-op, the Stock Co-Op requires cash offers only, and the agent notes that co-op living includes monthly unit safety/security checks for seasonal residents.
Located in Desert Braemar in Rancho Mirage, the community is presented as a quiet, gated 55+ setting with no views of cars or roadways, according to the remarks. The shared grounds are described as 12+ acres, and the location provides easy access to Palm Springs and Palm Desert for dining and shopping. The listing address is 69850 Hwy 111 #13, Rancho Mirage, CA 92270, in Riverside County.
Day-to-day living is supported by extensive community amenities, including a clubhouse, gym, library, pickleball, tennis, lawn bowling, shuffleboard, pool, spa, dog park, and a putting green. The amenities and services listed include water, sewer, trash, maintenance, and cable TV with premium channels. The HOA is stated to cover property taxes as well. As a Desert Braemar co-op, the Stock Co-Op requires cash offers only, and the agent notes that co-op living includes monthly unit safety/security checks for seasonal residents.
Key Highlights
- Ground‑floor 2 bed, 2 bath unit with 2 patios in Desert Braemar
- Private pool and spa (poolPrivateYN: true, SpaYN: true)
- HOA includes property taxes; HOA also covers clubhouse, gym, library, pickleball, tennis, pool, spa and more
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 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Ground-floor 2 bed, 2 bath co-op with two patios and resort-style amenities in a 55+ gated community.
Where is this residential income property located?
The property is located at 69850 Hwy 111 #13 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Ground‑floor 2 bed, 2 bath unit with 2 patios in Desert Braemar; Private pool and spa (poolPrivateYN: true, SpaYN: true); HOA includes property taxes; HOA also covers clubhouse, gym, library, pickleball, tennis, pool, spa and more
