55+ Co-Op Residence with
69850 Highway 111 Rancho Mirage, CA 92270
For Sale
$269,900
MULTI_FAMILY - Other - Rancho Mirage, CA
Property Size1,050 SF
Lot Size12.23 Acres
Price / SF$257.05
Days on Market144
Property Features for 69850 Highway 111
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking
1
Parking features
Assigned, Carport, Guest
Spa
1
Window features
Blinds, Screens
Pool private
1
Interior features
Granite Counters, Vaulted Ceiling(s), Beamed Ceilings, Open Floorplan
Exterior features
Balcony
Fencing
Chain Link
Appliances
Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave Oven, Refrigerator, Stackable W/D Hookup, Washer
Standard status
Active
APN
689040017
Size
1,050 SF
Lot size
12.23 Acres
Utilities
Utilities
Cable Available
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1958
Floors in Building
2
Flooring type
Bamboo, Tile - Ceramic, Laminate
Building materials
Stucco
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(760) 323-5000
Listed By:
Melissa C Lundgren · License #02030835
(760) 668-2544
Added: Mar 9
Changed: Jul 24
Last Checked: Jul 30 at 2:06AM
MLS# 219145014
Copyright © 2026 California Desert Association of 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.
Desert Braemar offers a private, gated 55+ co-op community, and Unit 260 is positioned for outdoor enjoyment with a balcony overlooking a serenity garden, landscaped greens, pathways, and the surrounding mountains. Inside, the residence features vaulted beamed ceilings and an open-concept kitchen with granite counters and stainless appliances, plus generous counters and bar tops.
The primary bath includes double vanities and a walk-in shower, and a stack washer/dryer is included. Community amenities are designed for an active, low-maintenance lifestyle and include a pool and spa, tennis and pickleball courts, lawn bowling, a putting green, and a fitness center, along with a garden room with a full kitchen and outdoor entertaining areas.
The property is located at 69850 Highway 111 in Rancho Mirage. Public remarks also note that the HOA includes property taxes, water, cable, internet, and exterior maintenance and grounds care, and residents can walk to nearby eateries, cafes, shopping, and walking trails.
The primary bath includes double vanities and a walk-in shower, and a stack washer/dryer is included. Community amenities are designed for an active, low-maintenance lifestyle and include a pool and spa, tennis and pickleball courts, lawn bowling, a putting green, and a fitness center, along with a garden room with a full kitchen and outdoor entertaining areas.
The property is located at 69850 Highway 111 in Rancho Mirage. Public remarks also note that the HOA includes property taxes, water, cable, internet, and exterior maintenance and grounds care, and residents can walk to nearby eateries, cafes, shopping, and walking trails.
Key Highlights
- 55+ Co‑Op residence with balcony and views of the serenity garden, green landscaped spaces, pathways, and surrounding mountains
- Interior features include vaulted beamed ceilings and an open floorplan
- Kitchen updates with granite counters and stainless appliances; includes dishwasher, microwave, gas range/oven, refrigerator, and disposal
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 | $31.5k | $30.00 |
| − Vacancy | −$599 | −$0.57 |
| EGI | $30.9k | $29.43 |
| − OpEx | −$13.9k | −$13.24 |
| NOI | $17.0k | $16.19 |
1,050 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Updated 55+ co-op unit with a balcony, in-unit stack washer/dryer, and access to resort-style community amenities.
Where is this residential income property located?
The property is located at 69850 Highway 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 55+ Co‑Op residence with balcony and views of the serenity garden, green landscaped spaces, pathways, and surrounding mountains; Interior features include vaulted beamed ceilings and an open floorplan; Kitchen updates with granite counters and stainless appliances; includes dishwasher, microwave, gas range/oven, refrigerator, and disposal
