Remodeled 5-Unit Income
67780 Arena Blanca Rd Desert Hot Springs, CA 92240
67780 Arena Blanca Rd, Desert Hot Springs, CA, 92240
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For Sale
Contact for pricing
Recently remodeled 4-plex plus studio is rented long term as separate units on two lots.
Property Size2,188 SF
Price / SF$365.17
Days on Market117
Property Features for 67780 Arena Blanca Rd
General Information
- Standard status
- Active
- Size
- 2,188 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2007
Listing agency
Windermere Real Estate Desert Properties
(760) 408-4824
Listed by
Slavyan Panayotov · License #01728794
Source
Crexi
Added: Mar 28 Updated: Jul 21 at 3:21PM Checked: Jul 21 at 3:21PM
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 Windermere Real Estate Desert Properties
Investment Insights
Based on property information with market context.
This remodeled 4-plex plus studio income property includes 4+1 separate units, configured as one 2-bedroom/1-bath unit with a kitchen; three 1-bedroom/1-bath units with kitchens; and one studio with a 1-bath and kitchenette. The property was previously operated as a boutique hotel and spa, but is currently rented long term as individual units. An existing hot mineral water well and swimming pool are on site.
The property is located in the city of Desert Hot Springs’ mineral/hot water zone, and the current lot configuration is on two lots identified by APN numbers 642-202-013 and 642-202-014.
For buyers interested in expansion, additional adjacent lots are also available for sale for a total of 10 lots, with the existing mineral hot water well and swimming pool included. The city does not allow new hot mineral water wells, including requirements related to distance from property lines and sewer lines, so any additional development would require confirmation with the city.
The property is located in the city of Desert Hot Springs’ mineral/hot water zone, and the current lot configuration is on two lots identified by APN numbers 642-202-013 and 642-202-014.
For buyers interested in expansion, additional adjacent lots are also available for sale for a total of 10 lots, with the existing mineral hot water well and swimming pool included. The city does not allow new hot mineral water wells, including requirements related to distance from property lines and sewer lines, so any additional development would require confirmation with the city.
Key Highlights
- Year built 2007: 4‑plex plus a studio income unit with long‑term rentals as separate units
- Unit mix: 1x 2 bed/1 bath with kitchen, 3x 1 bed/1 bath with kitchen, and 1 studio/1 bath with kitchenette
- Located on two lots: APN 642‑202‑013 and 642‑202‑014; recently remodeled and upgraded
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $30.00 |
| − Vacancy | −$1.2k | −$0.57 |
| EGI | $64.4k | $29.43 |
| − OpEx | −$29.0k | −$13.24 |
| NOI | $35.4k | $16.19 |
2,188 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$505.9K
$442.7K – $590.3K
NOI $35,416 @ 7.0% cap · market cap 4.43%
Second Best
Hotel Hospitality
$191.5K
$167.6K – $223.5K
NOI $13,407 @ 7.0% cap · market cap 1.68%
Theoretical Best
Office A
$655.5K
$573.6K – $764.7K
NOI $45,884 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Arena Blanca Springs
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Recently remodeled 4-plex plus studio is rented long term as separate units on two lots.
Where is this apartment building located?
The property is located at 67780 Arena Blanca Rd Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Year built 2007: 4‑plex plus a studio income unit with long‑term rentals as separate units; Unit mix: 1x 2 bed/1 bath with kitchen, 3x 1 bed/1 bath with kitchen, and 1 studio/1 bath with kitchenette; Located on two lots: APN 642‑202‑013 and 642‑202‑014; recently remodeled and upgraded
