Desert Hot Springs Apartment
For Sale
$2,359,000
Pending
66880 Pierson Blvd, Desert Hot Springs, CA 92240
Well-maintained 20-unit apartment building with attached garages and laundry hookups.
Property Size13,000 SF
Days on Market324
Property Features for 66880 Pierson Blvd
General Information
Standard status
Pending
Size
13,000 SF
Property subtype
Commercial
Building Details
Building Size
13,000 SF
Listing Agency:
M&M Bryant Real Estate Inc
Listed By:
Yilong Xiezhu · License #02032427
(626) 320-3996
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 14
Last Checked: Oct 16 at 11:10AM
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 M&M Bryant Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained apartment building features 20 single-level units, each with an attached two-car garage providing direct access. Each unit includes laundry hookups. The property is located in a neighborhood a few blocks from the city center. The property is currently fully occupied and offers potential for increased rental income.
Key Highlights
- Great cashflow apartment building, always full.
- Each unit has an attached 2‑car garage with direct access.
- Laundry hookups inside each of the 20 units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,425
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,208,500
$4.2M
Cap Rate 7%
$3,006,071
$3.0M
Cap Rate 9%
$2,338,056
$2.3M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$390.0K $30.00/SF
− Vacancy
−$7.4K −$0.57/SF
EGI
$382.6K $29.43/SF
− OpEx
−$172.2K −$13.24/SF
NOI
$210.4K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,208,500
Cap Rate 7%
$3,006,071
Cap Rate 9%
$2,338,056
Alternative Uses
Best Use
Apartment 5plus
$3.01M
$2.63M – $3.51M
NOI $210,425 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,621 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 20-unit apartment building with attached garages and laundry hookups.
Where is this apartment building located?
The property is located at 66880 Pierson Blvd Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $2,359,000.
What are key features of this property?
This property features: Great cashflow apartment building, always full.; Each unit has an attached 2‑car garage with direct access.; Laundry hookups inside each of the 20 units.
