Four-Unit Multifamily
For Sale
$1,090,000
Pending
583 S Calle Abronia, Palm Springs, CA 92264
Four individually configured units include assigned parking and access to public transit.
Property Size2,459 SF
Days on Market129
Property Features for 583 S Calle Abronia
General Information
Standard status
Pending
Size
2,459 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA, 1 x studio
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Building Size
2,459 SF
Year Built
1936
Buildings
1
Stories
1
Units
4
Listing Agency:
(760) 983-8173
Listed By:
BRIAN DROZE
(760) 983-8173
Source:
Elliman
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 6:24AM
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 BRIAN DROZE
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 583 S Calle Abronia comprises nearly 2,500 square feet and was built in 1936. The configuration includes one two-bedroom, one-bath unit, two one-bedroom, one-bath units, and an extra-large studio. Altogether, the building contains five bedrooms and four bathrooms across the four residences.
Each unit has assigned parking, while nearby public transit supports access for residents. The property records a Bike Score of 74, described as Very Bikeable, a Walk Score of 54, described as Somewhat Walkable, and a Transit Score of 33, described as Some Transit. The four-unit layout provides a defined multifamily format with varied unit sizes.
Each unit has assigned parking, while nearby public transit supports access for residents. The property records a Bike Score of 74, described as Very Bikeable, a Walk Score of 54, described as Somewhat Walkable, and a Transit Score of 33, described as Some Transit. The four-unit layout provides a defined multifamily format with varied unit sizes.
Key Highlights
- Four‑unit multifamily property with five bedrooms and four bathrooms
- Nearly 2,500 square feet across four distinct units
- Unit mix includes a 2‑bed/1‑bath, two 1‑bed/1‑bath units, and an extra‑large studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
$878.5K
Cap Rate 7%
$627,500
$627.5K
Cap Rate 9%
$488,056
$488.1K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$63.9K $25.56/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$62.7K $25.10/SF
− OpEx
−$18.8K −$7.53/SF
NOI
$43.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
Cap Rate 7%
$627,500
Cap Rate 9%
$488,056
Alternative Uses
Best Use
Multifamily LT 5
$627.5K
$549.1K – $732.1K
NOI $43,925 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$749.0K
$655.3K – $873.8K
NOI $52,427 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four individually configured units include assigned parking and access to public transit.
Where is this quadplex located?
The property is located at 583 S Calle Abronia Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Four‑unit multifamily property with five bedrooms and four bathrooms; Nearly 2,500 square feet across four distinct units; Unit mix includes a 2‑bed/1‑bath, two 1‑bed/1‑bath units, and an extra‑large studio
