Two-Unit Duplex with Shared
For Sale
$799,950
46420 Ryway Pl # 1 & 2, Palm Desert, CA 92260
Each residence offers two bedrooms, two full bathrooms, a two-car garage, and in-garage laundry.
Property Size2,904 SF
Price / SF$275.46
Days on Market12
Property Features for 46420 Ryway Pl # 1 & 2
General Information
Standard status
Active
Size
2,904 SF
Total Parking Spaces
4
Property subtype
Income
Property Condition
Severity
Repairs Needed
Evidence
Entire property is in need of TLC
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
in-unit laundry
pool
solar panels
Building Details
Year Built
1972
Buildings
1
Listing Agency:
(424) 356-5222
Listed By:
Nataly Quintero
Source:
Forwardinglewood
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 28 at 8:16AM
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 Nataly Quintero
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Investment Insights
Based on property information with market context.
This 1972 duplex contains two residences, each with two bedrooms, two full bathrooms, a two-car garage, and laundry in the garage. The property totals 2,904 square feet and includes a shared swimming pool and a private backyard. Its condition requires attention, and solar equipment serves the pool and both residences; operating status is unknown.
The duplex is on a cul-de-sac in South Palm Desert and falls within the Washington Charter School district. The backyard has down-valley views.
The duplex is on a cul-de-sac in South Palm Desert and falls within the Washington Charter School district. The backyard has down-valley views.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 2,904‑square‑foot duplex built in 1972
- A 2‑car garage and in‑garage laundry for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,023
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,460
$1.0M
Cap Rate 7%
$728,900
$728.9K
Cap Rate 9%
$566,922
$566.9K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$74.2K $25.56/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$72.9K $25.10/SF
− OpEx
−$21.9K −$7.53/SF
NOI
$51.0K $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%
$1,020,460
Cap Rate 7%
$728,900
Cap Rate 9%
$566,922
Alternative Uses
Best Use
Multifamily LT 5
$728.9K
$637.8K – $850.4K
NOI $51,023 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$671.5K
$587.6K – $783.4K
NOI $47,006 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$870.0K
$761.2K – $1.01M
NOI $60,899 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two full bathrooms, a two-car garage, and in-garage laundry.
Where is this duplex located?
The property is located at 46420 Ryway Pl # 1 & 2 Palm Desert, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; 2,904‑square‑foot duplex built in 1972; A 2‑car garage and in‑garage laundry for each residence
