Mid-Century 3-Unit
2724 N Junipero Ave, Palm Springs, CA 92262
For Sale
$1,095,000
A furnished Palm Springs property with a saltwater pool, gated entry, and on-site laundry.
Property Size1,950 SF
Price / SF$561.54
Days on Market21
Property Features for 2724 N Junipero Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
pool
onsite laundry
gated entry
Building Details
Year Built
Buildings
Construction
Listing Agency:
RE/MAX All-Pro
Listed By:
Elaine Stewart · License #D77839
(760) 668-2399
Source:
Forwardinglewood
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 7 at 4:03PM
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 RE/MAX All-Pro
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Investment Insights
Based on property information with market context.
This 1,950-square-foot triplex in Palm Springs contains three residential units: two with two bedrooms and one with a single bedroom. A separate laundry room serves the property, and two units also have all-in-one washer/dryers. The property is furnished. Recent work includes a roof replacement, interior and exterior painting, new appliances and kitchen backsplashes, and electrical upgrades in two units and at the pool.
The grounds include a saltwater pool with a commercial-grade heater and deck, gated entry, and on-site parking. The property has views of the San Jacinto Mountains and is located in the Little Tuscany neighborhood. Downtown Palm Springs is described as minutes away, with dining, shopping, entertainment, and hiking in the surrounding area.
The property has maintained occupancy through Airbnb, with rental rates varying by season. Stays are limited to 30 days or longer.
The grounds include a saltwater pool with a commercial-grade heater and deck, gated entry, and on-site parking. The property has views of the San Jacinto Mountains and is located in the Little Tuscany neighborhood. Downtown Palm Springs is described as minutes away, with dining, shopping, entertainment, and hiking in the surrounding area.
The property has maintained occupancy through Airbnb, with rental rates varying by season. Stays are limited to 30 days or longer.
Key Highlights
- Three residential units with a separate laundry room
- Unit mix: 2 bedrooms/1 bathroom at approximately 560 SF; 1 bedroom/1 bathroom at approximately 375 SF; 2 bedrooms/2 bathrooms at approximately 1,015 SF
- 1,950‑square‑foot property built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,261
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,220
$685.2K
Cap Rate 7%
$489,443
$489.4K
Cap Rate 9%
$380,678
$380.7K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$49.8K $25.56/SF
− Vacancy
−$897 −$0.46/SF
EGI
$48.9K $25.10/SF
− OpEx
−$14.7K −$7.53/SF
NOI
$34.3K $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%
$685,220
Cap Rate 7%
$489,443
Cap Rate 9%
$380,678
Alternative Uses
Best Use
Multifamily LT 5
$489.4K
$428.3K – $571.0K
NOI $34,261 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$450.9K
$394.6K – $526.1K
NOI $31,564 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$584.2K
$511.2K – $681.6K
NOI $40,893 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
411
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
$600,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Riverside County, CA
Properties on Market for Triplexes in Riverside County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A furnished Palm Springs property with a saltwater pool, gated entry, and on-site laundry.
Where is this triplex located?
The property is located at 2724 N Junipero Ave Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Three residential units with a separate laundry room; Unit mix: 2 bedrooms/1 bathroom at approximately 560 SF; 1 bedroom/1 bathroom at approximately 375 SF; 2 bedrooms/2 bathrooms at approximately 1,015 SF; 1,950‑square‑foot property built in 1960
