Two-Unit Duplex with
For Sale
$490,000
53385 Eisenhower Dr, La Quinta, CA 92253
Front residence and permitted rear unit provide a flexible two-unit residential configuration.
Property Size2,209 SF
Price / SF$221.82
Days on Market69
Property Features for 53385 Eisenhower Dr
General Information
Standard status
Active
Size
2,209 SF
Property subtype
Residential
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Vanessa Sanchez · License #02064295
(760) 534-7352
Source:
Exprealty
Added: Jul 31
Changed: Oct 5
Last Checked: Oct 5 at 10:26PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This 2,209-square-foot duplex includes a three-bedroom, two-bath front residence and a permitted rear unit with two bedrooms and one and a half bathrooms. The front home is vacant and includes a formal living room with fireplace, separate dining space, and a kitchen with an open connection to the dining area. The rear unit is also expected to be delivered vacant, providing flexibility for future occupancy or leasing plans.
The property is all electric and located in La Quinta Cove, with schools and shopping nearby. A children’s and dog park is directly across the street, adding a recreational amenity within immediate walking distance. The two-unit layout offers distinct residential spaces on a single lot, with the front and rear improvements supporting separate household use.
The property is all electric and located in La Quinta Cove, with schools and shopping nearby. A children’s and dog park is directly across the street, adding a recreational amenity within immediate walking distance. The two-unit layout offers distinct residential spaces on a single lot, with the front and rear improvements supporting separate household use.
Key Highlights
- 2,209‑square‑foot duplex on one lot
- Front residence with 3 bedrooms and 2 bathrooms
- Permitted rear unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,812
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,240
$776.2K
Cap Rate 7%
$554,457
$554.5K
Cap Rate 9%
$431,244
$431.2K
Market Conditions
NOI Build-Up for 2,209 SF
Gross rent
$56.5K $25.56/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$55.4K $25.10/SF
− OpEx
−$16.6K −$7.53/SF
NOI
$38.8K $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 Rate 5%
$776,240
Cap Rate 7%
$554,457
Cap Rate 9%
$431,244
Alternative Uses
Best Use
Multifamily LT 5
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$510.8K
$447.0K – $595.9K
NOI $35,756 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,325 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 92253, CA
37,422
Population
24,679
Households
1.5
Avg Household Size
52
Median Age
39%
College-Educated
92%
High-School Grad
40.4 sq mi
ZIP Area
926
Density / Sq Mi
$97,397
Median Household Income
$46,416
Median Earnings
$1,741
Median Rent
$612,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Front residence and permitted rear unit provide a flexible two-unit residential configuration.
Where is this duplex located?
The property is located at 53385 Eisenhower Dr La Quinta, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2,209‑square‑foot duplex on one lot; Front residence with 3 bedrooms and 2 bathrooms; Permitted rear unit includes 2 bedrooms and 1.5 bathrooms
