69850 Highway 111, Rancho Mirage, CA 92270
MULTI_FAMILY - Contemporary - Rancho Mirage, CA
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 7:06 pm
Property Features for 69850 Highway 111
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Parking
- 2
- Parking features
- Assigned, Guest, Covered
- Spa
- 1
- Window features
- Shutters
- Pool private
- 1
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 689040017
- Size
- 1,050 SF
- Lot size
- 12.23 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Flooring type
- Carpet, Tile
- Architectural style
- Contemporary
Listing agent Tommy-John Moder Real Estate Group (760) 578-8997
Listing office Equity Union 44495 Town Center Way Ste. B, Sherman Oaks, CA (760) 621-0395
Listing date Jun 12, 2026
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.
HighLights
- Two‑bedroom, two‑bath upper unit with southern exposure, vaulted ceilings, and an open living area
- Private pool and spa (PoolPrivateYN: true, SpaYN: true)
- Outdoor balcony with desert mountain views
- Heating: forced air (natural gas); flooring includes tile and carpet
- Parking includes assigned, guest, and covered spaces
- Desert Braemar is an age‑restricted (55+ minimum) stock cooperative; HOA pays water and includes Time Warner Cable with Showtime/HBO and annual property taxes; cash purchases only, no financing
Overview
Located at 69850 Highway 111 in Rancho Mirage, the property is part of Desert Braemar, an age-restricted development with a 55-year minimum age requirement. The cooperative is structured as a stock cooperative, and purchases are made with cash and no financing.
The HOA includes water and annual property taxes, along with access to a broad amenity package for residents. Amenities listed include a gym, pool and spa, clubhouse, lawn bowling, tennis and pickleball courts, basketball hoop, horseshoe court, putting green, dog park, and BBQ areas. Additional on-site offerings noted include a library, citrus fruit stand, garden and walking areas, on-site maintenance, and a wood working shop. For buyers looking for a furnished, HOA-amenity-supported age-restricted residence with a defined cooperative purchase structure, this unit is positioned to fit that requirement.
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 | $31.5k | $30.00 |
| − Vacancy | −$599 | −$0.57 |
| EGI | $30.9k | $29.43 |
| − OpEx | −$13.9k | −$13.24 |
| NOI | $17.0k | $16.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rancho Mirage
- County
- Riverside
- State
- California
- Longitude
- -116.443749
- Latitude
- 33.768906
