Triplex with Private
For Sale
$1,090,000
610 S Calle Palo Fierro, Palm Springs, CA 92264
Triplex featuring three 1-bedroom, 1-bath units with private patios, upgraded kitchens, and a courtyard with firepit.
Property Size1,790 SF
Days on Market161
Property Features for 610 S Calle Palo Fierro
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Amenities
private pool and spa
courtyard with firepit
private patio
mountain views
Building Details
Building Size
1,790 SF
Year Built
1964
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Burton Commercial, Inc.
Listed By:
Tony Burton · License #01014173
(951) 375-7433
Source:
Elliman
Added: May 16
Changed: Oct 16
Last Checked: Oct 20 at 7:37PM
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 Burton Commercial, Inc.
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Investment Insights
Based on property information with market context.
This attractive triplex offers three separate 1-bedroom, 1-bath units, each with its own private patio. The kitchens are upgraded with appliances, flooring, and cabinetry, and the property includes newer air conditioning, plumbing, and a pool heater. The master suite further features a private pool and spa.
Set within the Warm Sands area of Palm Springs, the home is described as walkable to downtown Palm Springs. A courtyard with a firepit is included, along with mountain views.
The overall configuration supports a self-contained living setup across all three units, with outdoor spaces both at the courtyard level and within each unit’s private patio.
Set within the Warm Sands area of Palm Springs, the home is described as walkable to downtown Palm Springs. A courtyard with a firepit is included, along with mountain views.
The overall configuration supports a self-contained living setup across all three units, with outdoor spaces both at the courtyard level and within each unit’s private patio.
Key Highlights
- Triplex built in 1964 with three 1‑bedroom, 1‑bath units, each with its own private patio
- Master suite includes a private pool and spa and generates $2,750 per month
- Upgraded kitchens with appliances, flooring, and cabinetry throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,450
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,000
$629.0K
Cap Rate 7%
$449,286
$449.3K
Cap Rate 9%
$349,444
$349.4K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$45.8K $25.56/SF
− Vacancy
−$824 −$0.46/SF
EGI
$44.9K $25.10/SF
− OpEx
−$13.5K −$7.53/SF
NOI
$31.5K $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%
$629,000
Cap Rate 7%
$449,286
Cap Rate 9%
$349,444
Alternative Uses
Best Use
Multifamily LT 5
$449.3K
$393.1K – $524.2K
NOI $31,450 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,974 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
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Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex featuring three 1-bedroom, 1-bath units with private patios, upgraded kitchens, and a courtyard with firepit.
Where is this triplex located?
The property is located at 610 S Calle Palo Fierro Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Triplex built in 1964 with three 1‑bedroom, 1‑bath units, each with its own private patio; Master suite includes a private pool and spa and generates $2,750 per month; Upgraded kitchens with appliances, flooring, and cabinetry throughout
