Single-Story 10-Unit Apartment
2200 E Sahara Road Palm Springs, CA 92262
2200 E Sahara Road, Palm Springs, CA, 92262
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For Sale
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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
Price / SF$309.73
Days on Market41
Property Features for 2200 E Sahara Road
General Information
- Standard status
- Active
- Size
- 5,650 SF
- Lot size
- 0.57 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
Marcus & Millichap - Inland Empire
(909) 456-3400
Listed by
Gisele Pinedo · License #CA 02188347
Source
Crexi
Added: Jun 12 Updated: Jul 22 at 4:07PM Checked: Jul 22 at 4:07PM
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 - Inland Empire
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.5k | $30.00 |
| − Vacancy | −$3.2k | −$0.57 |
| EGI | $166.3k | $29.43 |
| − OpEx | −$74.8k | −$13.24 |
| NOI | $91.5k | $16.19 |
5,650 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,454 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,485 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 Road Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,750,000.
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
