Duplex with Rear
For Sale
Under Contract
$490,000
53385 Eisenhower Dr, La Quinta, CA 92253
Residential Income, Traditional, La Quinta, CA
Property Size2,209 SF
Lot Size0.11 Acres
Price / SF$221.82
Days on Market76
Property Features for 53385 Eisenhower Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Living Room, Bathroom 3
Parking
3
Parking features
Garage, On Street, Driveway
Fireplace
1
View
Mountains
Directions
Take Washington St. North to Bermuda Dunes then onto Eisenhower Dr. The property is on the left side.
Subdivision
La Quinta South of HWY 111
Standard status
Active Under Contract
APN
774-085-020
Size
2,209 SF
Lot size
0.11 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Architectural style
Other
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Vanessa Sanchez · License #02064295
(760) 534-7352
Added: Jul 31
Changed: Oct 14
Last Checked: Oct 14 at 5:06AM
MLS# 26867061PS
Copyright © 2026 Greater Palm Springs 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 2,209-square-foot duplex sits on a 0.11-acre lot and contains two separate residences. The front home has three bedrooms, two bathrooms, a living room with a fireplace, and a dining area connected to the kitchen; it is vacant. The rear residence offers two bedrooms and one-and-a-half bathrooms. It is currently occupied, with the tenant indicating plans to relocate. The property is all-electric and has laminate and tile flooring, central heating and air conditioning, a garage, driveway, and on-street parking.
The property is across the street from a park, with schools and shopping nearby. It is located in La Quinta, California, and is zoned R1. The main residence was built in 1979.
The property is across the street from a park, with schools and shopping nearby. It is located in La Quinta, California, and is zoned R1. The main residence was built in 1979.
Key Highlights
- Two residences on a 0.11‑acre lot
- 2,209 square feet of building area
- Front home: 3 bedrooms and 2 bathrooms; currently vacant
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two dwellings share one parcel, with the front home vacant and the rear residence occupied.
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: Two residences on a 0.11‑acre lot; 2,209 square feet of building area; Front home: 3 bedrooms and 2 bathrooms; currently vacant
