Corner-Lot
New
For Sale
$875,000
84966 Calle Verde, Coachella, CA 92236
Residential Income, Coachella, CA
Property Size2,500 SF
Lot Size0.18 Acres
Price / SF$350
Days on Market2
Property Features for 84966 Calle Verde
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
Parking
6
Parking features
Assigned, Driveway
Fencing
Fenced
Lot features
Corners Marked, Front Yard, Rectangular Lot, Corner Lot, Near Public Transit, Corners Marked, Front Yard, Rectangular Lot, Corner Lot, Near Public Transit
High school
Coachella Valley
Elementary school district
Coachella Valley Unified
Middle school district
Coachella Valley Unified
High school district
Coachella Valley Unified
Subdivision
315 - Coachella
Standard status
Active
APN
7683930149
Size
2,500 SF
Lot size
0.18 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1945
Floors in Building
1
Number of units
3
Flooring type
Mixed
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(760) 564-9575
Listed By:
Maria Estela Ferreira · License #D72025
(760) 404-8545
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 5:06PM
MLS# 219153060
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 triplex contains three residential units within 2,500 square feet of developed space on a 0.18-acre corner parcel. The 1945 property includes mixed flooring, wall furnace heating, wall and window unit cooling, assigned parking, a driveway, and fencing. The site also features mature landscaping and fruit trees.
Positioned at 84966 Calle Verde in Coachella, the property sits across from Sun Community US Bank and benefits from exposure along a corner location. Its Riverside County setting places the asset within the Coachella market, while the existing three-unit configuration provides a defined residential income format.
Positioned at 84966 Calle Verde in Coachella, the property sits across from Sun Community US Bank and benefits from exposure along a corner location. Its Riverside County setting places the asset within the Coachella market, while the existing three-unit configuration provides a defined residential income format.
Key Highlights
- Three‑unit property on a 0.18‑acre corner lot
- 2,500 square feet of developed space
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
$878.5K
Cap Rate 7%
$627,500
$627.5K
Cap Rate 9%
$488,056
$488.1K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$63.9K $25.56/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$62.7K $25.10/SF
− OpEx
−$18.8K −$7.53/SF
NOI
$43.9K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
Cap Rate 7%
$627,500
Cap Rate 9%
$488,056
Alternative Uses
Best Use
Multifamily LT 5
$627.5K
$549.1K – $732.1K
NOI $43,925 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$749.0K
$655.3K – $873.8K
NOI $52,427 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 92236, CA
42,220
Population
12,629
Households
3.3
Avg Household Size
29
Median Age
6%
College-Educated
57%
High-School Grad
61.9 sq mi
ZIP Area
682
Density / Sq Mi
$67,235
Median Household Income
$35,117
Median Earnings
$1,113
Median Rent
$342,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with assigned parking, fencing, and a prominent corner position in Coachella.
Where is this triplex located?
The property is located at 84966 Calle Verde Coachella, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑unit property on a 0.18‑acre corner lot; 2,500 square feet of developed space; Built in 1945
