Single-Story 10-Unit Apartment
For Sale
$1,695,000
2200 E Sahara Rd, Palm Springs, CA 92262
A fully occupied 10-unit, single-story apartment property with studio and one-bedroom layouts plus an on-site laundry facility.
Property Size5,650 SF
Lot Size0.57 Acres
Days on Market128
Property Features for 2200 E Sahara Rd
General Information
Standard status
Active
Size
5,650 SF
Lot size
0.57 Acres
Property subtype
Multifamily
Occupancy
97%
Additional Details
Multifamily Units
10
Amenities
swimming pool
gated dog park area
lush landscaped grounds
on-site laundry facility
private grass yards
private patios
A 10-unit multifamily investment opportunity located in the desirable Desert Park Estates neighborhood of Palm Springs
Situated on an expansive ±0.57-acre lot (approximately 24,800 square feet)
Desirable unit mix consisting of (4) one-bedroom / one-bathroom units and (6) studio units. Seven units feature private grass yards and three units feature private patios.
100% occupied pride-of-ownership asset offering a stabilized investment opportunity
Resort-style amenities include a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry room.
Building Details
Building Size
5,650 SF
Stories
1
Units
10
Listing Agency:
Inland Empire Office
(909) 456-3400
Listed By:
Gisele Pinedo · License #CA: 02188347
(909) 456-3477
Source:
Marcusmillichap
Added: Jun 17
Changed: Oct 21
Last Checked: Oct 20 at 5:08PM
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 Inland Empire Office
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Investment Insights
Based on property information with market context.
Sahara Road Apartments is a single-story 10-unit multifamily property with (4) one-bedroom, one-bath units and (6) studio units. The community is 100% occupied and is described as having well-maintained interiors with updates completed throughout prior ownership. Common amenities include a swimming pool, an on-site laundry facility, gated dog park area, and landscaped grounds. The property also includes private outdoor space, with seven units featuring private grass yards and three units featuring private patios.
Each unit is individually metered for electricity, while the owner currently pays water, sewer, trash, and gas. On-site infrastructure includes two water heaters and a mix of electric cooling systems, including central air conditioning, mini-split systems, and wall-mounted A/C units.
Set on a 0.57-acre lot, the building is positioned for convenient access to Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and nearby entertainment options.
Each unit is individually metered for electricity, while the owner currently pays water, sewer, trash, and gas. On-site infrastructure includes two water heaters and a mix of electric cooling systems, including central air conditioning, mini-split systems, and wall-mounted A/C units.
Set on a 0.57-acre lot, the building is positioned for convenient access to Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and nearby entertainment options.
Key Highlights
- 10‑unit multifamily property on a 0.57‑acre lot at 2200 E Sahara Road, Palm Springs
- Built in 1956 with single‑story construction and updated interiors throughout ownership
- Unit mix: 6 studio units and 4 one‑bedroom/one‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,454
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,080
$1.8M
Cap Rate 7%
$1,306,486
$1.3M
Cap Rate 9%
$1,016,156
$1.0M
Market Conditions
NOI Build-Up for 5,650 SF
Gross rent
$169.5K $30.00/SF
− Vacancy
−$3.2K −$0.57/SF
EGI
$166.3K $29.43/SF
− OpEx
−$74.8K −$13.24/SF
NOI
$91.5K $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%
$1,829,080
Cap Rate 7%
$1,306,486
Cap Rate 9%
$1,016,156
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,454 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,485 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
385
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A fully occupied 10-unit, single-story apartment property with studio and one-bedroom layouts plus an on-site laundry facility.
Where is this apartment building located?
The property is located at 2200 E Sahara Rd Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 10‑unit multifamily property on a 0.57‑acre lot at 2200 E Sahara Road, Palm Springs; Built in 1956 with single‑story construction and updated interiors throughout ownership; Unit mix: 6 studio units and 4 one‑bedroom/one‑bath units
