Ground-Floor Residential Income
69850 Hwy 111, Rancho Mirage, CA 92270
For Sale
$275,000
Residential, Rancho Mirage, CA
Property Size1,050 SF
Lot Size12.23 Acres
Price / SF$261.90
Days on Market11
Property Features for 69850 Hwy 111
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Spa
Window features
Pool private
Interior features
Exterior features
Appliances
Subdivision
View
Standard status
APN
Size
Lot size
Taxes and HOA fees
HOA Fee
Utilities
Utilities
Heating system
Cooling system
Amenities
clubhouse
gym
library
pickleball
tennis
lawn bowling
shuffleboard
pool
spa
dog park
putting green
Building Details
Year built
Floors in Building
Flooring type
Building materials
Architectural style
Additional Structures
Listing Agency:
Bennion Deville Homes
(760) 459-0057
Listed By:
Jay Saufl
(760) 898-4234
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 9 at 7:06AM
MLS# 219155576
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.
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Investment Insights
Based on property information with market context.
This 1,050-square-foot ground-floor end unit in a 55+ gated community has two bedrooms and two bathrooms. Interior features include plantation shutters, wainscoting, a coffered ceiling, French doors, a walk-in closet, and newer double-pane windows with custom shades. The home is offered furnished, and the kitchen includes a gas range, refrigerator, dishwasher, microwave, and disposal. Central air conditioning and forced-air natural gas heating serve the unit.
Community amenities include a clubhouse, gym, library, pool, spa, tennis and pickleball courts, lawn bowling, shuffleboard, a dog park, and a putting green. The property is at 69850 Hwy 111 in Rancho Mirage, with Palm Springs and Palm Desert identified as nearby destinations for dining and shopping.
Community amenities include a clubhouse, gym, library, pool, spa, tennis and pickleball courts, lawn bowling, shuffleboard, a dog park, and a putting green. The property is at 69850 Hwy 111 in Rancho Mirage, with Palm Springs and Palm Desert identified as nearby destinations for dining and shopping.
Key Highlights
- 1,050‑square‑foot ground‑floor end unit with two bedrooms and two bathrooms
- Located in a 55+ gated community with clubhouse, gym, library, pool, and spa
- Community recreation includes tennis, pickleball, lawn bowling, shuffleboard, a dog park, and putting green
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,996
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
$339.9K
Cap Rate 7%
$242,800
$242.8K
Cap Rate 9%
$188,844
$188.8K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$31.5K $30.00/SF
− Vacancy
−$599 −$0.57/SF
EGI
$30.9K $29.43/SF
− OpEx
−$13.9K −$13.24/SF
NOI
$17.0K $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%
$339,920
Cap Rate 7%
$242,800
Cap Rate 9%
$188,844
Alternative Uses
Best Use
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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Business Placement
Demographics for 92270, CA
16,999
Population
14,936
Households
1.1
Avg Household Size
66
Median Age
47%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
664
Density / Sq Mi
$109,943
Median Household Income
$60,084
Median Earnings
$1,575
Median Rent
$747,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Riverside County, CA
Properties on Market for Residential income properties in Riverside County
Frequently Asked Questions
What type of property is this?
Residential income property - The unit has two bedrooms, two bathrooms, and a furnished setup for immediate use.
Where is this residential income property located?
The property is located at 69850 Hwy 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,050‑square‑foot ground‑floor end unit with two bedrooms and two bathrooms; Located in a 55+ gated community with clubhouse, gym, library, pool, and spa; Community recreation includes tennis, pickleball, lawn bowling, shuffleboard, a dog park, and putting green
