3-Unit Multifamily
44700 Las Palmas Ave, Palm Desert, CA 92260
For Sale
$749,000
Three occupied residences offer individual utility meters and dedicated parking.
Property Size2,139 SF
Price / SF$350.16
Days on Market47
Property Features for 44700 Las Palmas Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
in-unit laundry hookups
stainless steel appliances
Building Details
Tenancy
Listing Agency:
Compass
(760) 350-9253
Listed By:
Ty Nasief · License #01947034
(310) 497-6417
Source:
Exprealty
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 7 at 4:32PM
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 Compass
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Investment Insights
Based on property information with market context.
The 2,139-square-foot triplex comprises three two-bedroom, one-bathroom units. Each residence has laundry hookups and stainless steel appliances, along with its own utility meter and dedicated parking. All three units are occupied and professionally managed.
The property is on Las Palmas Avenue in Palm Desert, north of Highway 111. El Paseo and the San Pablo Avenue shopping and dining district, which hosts a seasonal weekly farmers market, are nearby.
The property is on Las Palmas Avenue in Palm Desert, north of Highway 111. El Paseo and the San Pablo Avenue shopping and dining district, which hosts a seasonal weekly farmers market, are nearby.
Key Highlights
- Three units, each with two bedrooms and one bathroom
- 2,139 square feet across the triplex
- All units are tenant‑occupied and professionally managed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,582
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,640
$751.6K
Cap Rate 7%
$536,886
$536.9K
Cap Rate 9%
$417,578
$417.6K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$54.7K $25.56/SF
− Vacancy
−$984 −$0.46/SF
EGI
$53.7K $25.10/SF
− OpEx
−$16.1K −$7.53/SF
NOI
$37.6K $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%
$751,640
Cap Rate 7%
$536,886
Cap Rate 9%
$417,578
Alternative Uses
Best Use
Multifamily LT 5
$536.9K
$469.8K – $626.4K
NOI $37,582 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$494.6K
$432.8K – $577.1K
NOI $34,623 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$640.8K
$560.7K – $747.6K
NOI $44,857 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three occupied residences offer individual utility meters and dedicated parking.
Where is this triplex located?
The property is located at 44700 Las Palmas Ave Palm Desert, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three units, each with two bedrooms and one bathroom; 2,139 square feet across the triplex; All units are tenant‑occupied and professionally managed
