Palm Springs Multifamily Investment
For Sale
$1,275,000
1900 E Baristo Rd, Palm Springs, CA 92262
Multifamily property in Palm Springs with investment potential.
Property Size5,231 SF
Days on Market206
Property Features for 1900 E Baristo Rd
General Information
Standard status
Active
Size
5,231 SF
Property subtype
Multifamily
Occupancy
97%
Amenities
.
Building Details
Building Size
5,231 SF
Units
7
Listing Agency:
MARCUS & MILLICHAP
Listed By:
Gisele Pinedo · License #License(s): CA: 02188347
(909) 456-3477
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 23
Last Checked: Oct 24 at 1:30PM
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 MARCUS & MILLICHAP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located in Palm Springs, California. The property presents an investment opportunity.
Key Highlights
- Benefit from a potentially favorable 5.58%.
- Additional Property Details available for your review.
- Comprehensive Description provides important insights.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,672
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,440
$1.7M
Cap Rate 7%
$1,209,600
$1.2M
Cap Rate 9%
$940,800
$940.8K
Market Conditions
NOI Build-Up for 5,231 SF
Gross rent
$156.9K $30.00/SF
− Vacancy
−$3.0K −$0.57/SF
EGI
$153.9K $29.43/SF
− OpEx
−$69.3K −$13.24/SF
NOI
$84.7K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,440
Cap Rate 7%
$1,209,600
Cap Rate 9%
$940,800
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,698 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
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Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Palm Springs with investment potential.
Where is this multifamily property located?
The property is located at 1900 E Baristo Rd Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Benefit from a potentially favorable 5.58%.; Additional Property Details available for your review.; Comprehensive Description provides important insights.
