Log In/Sign Up
Your email has been sent.
11771 Upland Way 7 Unit Apartment Building $1,247,749 CAD ($178,250 CAD/Unit) 9.50% Cap Rate Desert Hot Springs, CA 92240
Investment Highlights
- 9.4% Cap Rate – Turnkey 7-Unit Compound | 2024 Full Remodel
- Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.
- The property features 7 individual electric meters, a critical operational advantage
Executive Summary
Immediate 9.4% Cap Rate on a stabilized, high-cash-flow asset in the Desert Hot Springs opportunity zone. Extensively remodeled in 2024, this 7-unit multi-family property offers a rare combination of modern aesthetics and mechanical efficiency.
The property features 7 individual electric meters, a critical operational advantage in the desert that shifts the highest utility burden—air conditioning—directly to the tenants. The 2024 renovation included updated systems, new finishes, and a private gated perimeter, ensuring zero deferred maintenance for the incoming investor.
Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.
Investment Highlights:
Superior Yield: Stabilized 9.46% Cap Rate with a 19-21% expense ratio.
Major 2024 Renovation: Turnkey asset with new systems and finishes.
Operational Efficiency: 7 individual electric meters significantly reduce owner-paid utilities.
Gated Perimeter: Enhances security and curb appeal for high-quality tenant retention.
The Property: 11771 Upland Way
Price: $915,000
Units: 7
Status: Fully Remodeled 2024
Net Income: $86,601
Why Invest Here?
Most investors in the Coachella Valley struggle with high utility costs and aging infrastructure. This property solves both. With a 2024 remodel and individual metering, your overhead is locked in while your income is protected by the high demand for modern rentals in the 92240 zip code.
Contact Information:
Joe Corbisiero Compass
License: DRE #01886351
The property features 7 individual electric meters, a critical operational advantage in the desert that shifts the highest utility burden—air conditioning—directly to the tenants. The 2024 renovation included updated systems, new finishes, and a private gated perimeter, ensuring zero deferred maintenance for the incoming investor.
Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.
Investment Highlights:
Superior Yield: Stabilized 9.46% Cap Rate with a 19-21% expense ratio.
Major 2024 Renovation: Turnkey asset with new systems and finishes.
Operational Efficiency: 7 individual electric meters significantly reduce owner-paid utilities.
Gated Perimeter: Enhances security and curb appeal for high-quality tenant retention.
The Property: 11771 Upland Way
Price: $915,000
Units: 7
Status: Fully Remodeled 2024
Net Income: $86,601
Why Invest Here?
Most investors in the Coachella Valley struggle with high utility costs and aging infrastructure. This property solves both. With a 2024 remodel and individual metering, your overhead is locked in while your income is protected by the high demand for modern rentals in the 92240 zip code.
Contact Information:
Joe Corbisiero Compass
License: DRE #01886351
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,681
|
$62.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,489
|
$1.87
|
| Effective Gross Income |
$145,192
|
$60.50
|
| Taxes |
$16,939
|
$7.06
|
| Operating Expenses |
$18,041
|
$7.52
|
| Total Expenses |
$34,981
|
$14.58
|
| Net Operating Income |
$110,211
|
$45.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,681 |
| Annual Per SF | $62.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,489 |
| Annual Per SF | $1.87 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $145,192 |
| Annual Per SF | $60.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,939 |
| Annual Per SF | $7.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,041 |
| Annual Per SF | $7.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,981 |
| Annual Per SF | $14.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,211 |
| Annual Per SF | $45.92 |
Property Facts
| Price | $1,247,749 CAD | Building Class | C |
| Price Per Unit | $178,250 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 9.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.35 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1966/2024 |
| Property Type | Multifamily | Parking Ratio | 3.13/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | TR, Desert Hot Spgs | ||
| Price | $1,247,749 CAD |
| Price Per Unit | $178,250 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Gross Rent Multiplier | 8.35 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2024 |
| Parking Ratio | 3.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TR, Desert Hot Spgs |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Refrigerator
- Range
- Yard
- Deck
- Double Pane Windows
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,500 CAD | 350 - 400 |
| 1+1 | 1 | $1,814 CAD | 400 |
| 2+1 | 2 | $2,386 CAD | 700 - 720 |
1 1
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 639-322-016 | Total Assessment | $840,598 CAD |
| Land Assessment | $99,313 CAD | Annual Taxes | $16,939 CAD ($5.29 CAD/SF) |
| Improvements Assessment | $741,286 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
639-322-016
Land Assessment
$99,313 CAD
Improvements Assessment
$741,286 CAD
Total Assessment
$840,598 CAD
Annual Taxes
$16,939 CAD ($5.29 CAD/SF)
Tax Year
2025
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
11771 Upland Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.