Two-Unit Mid-Century
For Sale
$399,000
12909 Cactus Drive, Desert Hot Springs, CA 92240
Two one-bedroom residences provide separate living spaces on a corner parcel designated Public Rec.
Property Size1,196 SF
Lot Size0.34 Acres
Price / SF$333.61
Days on Market59
Property Features for 12909 Cactus Drive
General Information
Standard status
Active
Size
1,196 SF
Total Parking Spaces
2
Lot size
0.34 Acres
Property subtype
Residential Income
Zoning
Public Rec
Net Operating Income
$39,000
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1957
Buildings
1
Units
2
Construction
mid-century
Listing Agency:
Realty Masters & Associates, I
Listed By:
Vanessa Browne · License #01713863
(714) 679-1582
Source:
Compass
Added: Aug 28
Changed: Oct 25
Last Checked: Oct 25 at 2:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Masters & Associates, I
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Investment Insights
Based on property information with market context.
Built in 1957, this 1,196-square-foot duplex contains two units, each with one bedroom and one bathroom. The interiors and exteriors have been freshly painted, and both units received new AC units in 2022. The property occupies a 14,810-square-foot corner lot and is zoned Public Rec.
A park is located across the street. The property is in Desert Hot Springs, with Palm Springs a short drive away; dining, shopping, and schools are also described as minutes away.
A park is located across the street. The property is in Desert Hot Springs, with Palm Springs a short drive away; dining, shopping, and schools are also described as minutes away.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom in each residence
- 1,196‑square‑foot building on a 14,810‑square‑foot corner lot
- Fresh paint inside and out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,014
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,280
$420.3K
Cap Rate 7%
$300,200
$300.2K
Cap Rate 9%
$233,489
$233.5K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$30.6K $25.56/SF
− Vacancy
−$550 −$0.46/SF
EGI
$30.0K $25.10/SF
− OpEx
−$9.0K −$7.53/SF
NOI
$21.0K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,280
Cap Rate 7%
$300,200
Cap Rate 9%
$233,489
Alternative Uses
Best Use
Multifamily LT 5
$300.2K
$262.7K – $350.2K
NOI $21,014 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$276.6K
$242.0K – $322.7K
NOI $19,359 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$358.3K
$313.5K – $418.0K
NOI $25,081 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
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Business Placement
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences provide separate living spaces on a corner parcel designated Public Rec.
Where is this duplex located?
The property is located at 12909 Cactus Drive Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom in each residence; 1,196‑square‑foot building on a 14,810‑square‑foot corner lot; Fresh paint inside and out
