55+ Co-Op Ground-Floor
For Sale
$225,000
69850 Hwy 111 #13, Rancho Mirage, CA 92270
MULTI_FAMILY - Contemporary - Rancho Mirage, CA
Property Size1,050 SF
Lot Size0.00 Acres
Price / SF$214.29
Days on Market165
Property Features for 69850 Hwy 111 #13
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Parking
2
Parking features
Guest, Covered, Assigned
Spa
1
Pool private
1
Subdivision
Desert Braemar
View
Park
Standard status
Active
APN
689040017
Size
1,050 SF
Lot size
0.00 Acres
Taxes and HOA fees
HOA Fee
$1,114 Monthly
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1957
Floors in Building
1
Flooring type
Laminate
Architectural style
Contemporary
Listing Agency:
Bennion Deville Homes
(760) 459-0057
Listed By:
Jay Saufl
(760) 898-4234
Added: Feb 22
Changed: Jul 24
Last Checked: Aug 6 at 10:06AM
MLS# 219143628
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.
This ground-floor co-op unit features 2 bedrooms and 2 bathrooms with two patios. The home is described as being maintained and offered fully turnkey furnished. Residents also benefit from on-site community staffing, with the property maintained by 6 full-time staff including 3 gardeners, 2 maintenance crew, and an on-site manager.
Located in Desert Braemar in Rancho Mirage, the community is presented as a quiet, gated 55+ setting with no views of cars or roadways, according to the remarks. The shared grounds are described as 12+ acres, and the location provides easy access to Palm Springs and Palm Desert for dining and shopping. The listing address is 69850 Hwy 111 #13, Rancho Mirage, CA 92270, in Riverside County.
Day-to-day living is supported by extensive community amenities, including a clubhouse, gym, library, pickleball, tennis, lawn bowling, shuffleboard, pool, spa, dog park, and a putting green. The amenities and services listed include water, sewer, trash, maintenance, and cable TV with premium channels. The HOA is stated to cover property taxes as well. As a Desert Braemar co-op, the Stock Co-Op requires cash offers only, and the agent notes that co-op living includes monthly unit safety/security checks for seasonal residents.
Located in Desert Braemar in Rancho Mirage, the community is presented as a quiet, gated 55+ setting with no views of cars or roadways, according to the remarks. The shared grounds are described as 12+ acres, and the location provides easy access to Palm Springs and Palm Desert for dining and shopping. The listing address is 69850 Hwy 111 #13, Rancho Mirage, CA 92270, in Riverside County.
Day-to-day living is supported by extensive community amenities, including a clubhouse, gym, library, pickleball, tennis, lawn bowling, shuffleboard, pool, spa, dog park, and a putting green. The amenities and services listed include water, sewer, trash, maintenance, and cable TV with premium channels. The HOA is stated to cover property taxes as well. As a Desert Braemar co-op, the Stock Co-Op requires cash offers only, and the agent notes that co-op living includes monthly unit safety/security checks for seasonal residents.
Key Highlights
- 2‑bedroom, 2‑bath ground‑floor unit with 2 patios in Desert Braemar
- Central air cooling plus forced‑air, natural gas heating; laminate flooring
- Private pool and spa access in the community
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 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor 2 bed, 2 bath co-op with two patios and resort-style amenities in a 55+ gated community.
Where is this residential income property located?
The property is located at 69850 Hwy 111 #13 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath ground‑floor unit with 2 patios in Desert Braemar; Central air cooling plus forced‑air, natural gas heating; laminate flooring; Private pool and spa access in the community
