C2-Zoned Three-Unit
For Sale
$750,000
45749 Salton Street, Indio, CA 92201
Residential Income, Indio, CA
Property Size1,980 SF
Lot Size0.15 Acres
Price / SF$378.79
Days on Market15
Property Features for 45749 Salton Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Parking
14
Parking features
Assigned, Covered, Carport
Elementary school district
Desert Sands Unified
Middle school district
Desert Sands Unified
High school district
Desert Sands Unified
Subdivision
311 - Indio Central
Standard status
Active
APN
611371016
Size
1,980 SF
Lot size
0.15 Acres
Utilities
Heating system
Electric (Heating), Natural Gas, Central
Cooling system
Central Air
Amenities
laundry facilities
Building Details
Year built
1951
Floors in Building
1
Number of units
3
Flooring type
Tile, Laminate
Roof type
Foam, Composition
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(760) 564-9575
Listed By:
Maria Estela Ferreira
(760) 404-8545
Added: Aug 8
Changed: Aug 19
Last Checked: Aug 22 at 2:06AM
MLS# 219151512
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property is zoned C2 and includes a mix of completed, ongoing, and newer construction. Unit A has been fully renovated, Unit B is partially renovated, and Unit C was newly constructed in 2025. Each unit includes laundry facilities, with dedicated rooms in Units A and B and a separate laundry area in Unit C.
The property was originally built in 1951 and includes tile and laminate flooring, central air conditioning, and central, electric, and natural-gas heating. Covered assigned parking and carport parking are provided. Located in Indio, the property offers three independent residential units within a multifamily configuration.
The property was originally built in 1951 and includes tile and laminate flooring, central air conditioning, and central, electric, and natural-gas heating. Covered assigned parking and carport parking are provided. Located in Indio, the property offers three independent residential units within a multifamily configuration.
Key Highlights
- Three‑unit multifamily property with C2 zoning
- Unit A fully renovated; Unit B partially renovated
- Unit C completed as new construction in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,788
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,760
$695.8K
Cap Rate 7%
$496,971
$497.0K
Cap Rate 9%
$386,533
$386.5K
Market Conditions
NOI Build-Up for 1,980 SF
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.
Gross rent
$50.6K $25.56/SF
− Vacancy
−$911 −$0.46/SF
EGI
$49.7K $25.10/SF
− OpEx
−$14.9K −$7.53/SF
NOI
$34.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,760
Cap Rate 7%
$496,971
Cap Rate 9%
$386,533
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.9K – $579.8K
NOI $34,788 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.2K
NOI $32,049 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$593.2K
$519.0K – $692.0K
NOI $41,522 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units combine differing renovation stages with individual laundry areas and covered assigned parking.
Where is this triplex located?
The property is located at 45749 Salton Street Indio, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit multifamily property with C2 zoning; Unit A fully renovated; Unit B partially renovated; Unit C completed as new construction in 2025
