Updated Duplex with Private
For Sale
$869,000
1328 E Camino Primrose, Palm Springs, CA 92264
Two separate residences include dedicated outdoor areas, with one offering a pool and spa.
Property Size1,393 SF
Price / SF$623.83
Days on Market11
Property Features for 1328 E Camino Primrose
General Information
Standard status
Active
Size
1,393 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
plunge pool
spa
fire pit
fireplace
Building Details
Year Built
1938
Listed By:
Think Real Estate
(213) 712-4343
Source:
Thinkrealestategroup
Added: Sep 28
Last Checked: Oct 7 at 11:51AM
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 Think Real Estate
Investment Insights
Based on property information with market context.
This legal duplex contains 1,393 square feet across two updated residences. The front cottage has vaulted ceilings with exposed wood beams, refreshed tile floors, updated kitchen and baths, full-size laundry, and a brick fireplace. Its outdoor area includes a plunge pool, spa, built-in fire pit, ficus landscaping, and mountain views. The rear studio features vaulted ceilings, wood beams, a large updated kitchen, and a private patio.
Built in 1938, the property is on fee land in Palm Springs’ Warm Sands neighborhood, a short distance from downtown restaurants, shopping, and nightlife.
Built in 1938, the property is on fee land in Palm Springs’ Warm Sands neighborhood, a short distance from downtown restaurants, shopping, and nightlife.
Key Highlights
- Legal duplex with two residences on fee land
- 1,393 square feet; built in 1938
- Front cottage includes vaulted ceilings, wood beams, updated kitchen and baths, laundry, and brick fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,475
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,500
$489.5K
Cap Rate 7%
$349,643
$349.6K
Cap Rate 9%
$271,944
$271.9K
Market Conditions
NOI Build-Up for 1,393 SF
Gross rent
$35.6K $25.56/SF
− Vacancy
−$641 −$0.46/SF
EGI
$35.0K $25.10/SF
− OpEx
−$10.5K −$7.53/SF
NOI
$24.5K $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%
$489,500
Cap Rate 7%
$349,643
Cap Rate 9%
$271,944
Alternative Uses
Best Use
Multifamily LT 5
$349.6K
$305.9K – $407.9K
NOI $24,475 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$322.1K
$281.9K – $375.8K
NOI $22,548 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$417.3K
$365.2K – $486.9K
NOI $29,212 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
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Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include dedicated outdoor areas, with one offering a pool and spa.
Where is this duplex located?
The property is located at 1328 E Camino Primrose Palm Springs, CA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Legal duplex with two residences on fee land; 1,393 square feet; built in 1938; Front cottage includes vaulted ceilings, wood beams, updated kitchen and baths, laundry, and brick fireplace
