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Patio Apartments 13405 Ocotillo Rd 8 Unit Apartment Building $2,075,085 CAD ($259,386 CAD/Unit) 6.38% Cap Rate Desert Hot Springs, CA 92240
INVESTMENT HIGHLIGHTS
- All 2 Bedroom 1 Bath Apartments. Built 1987 with nice floor plan
- Will Consider Carrying a second with 1.2 million down payment
- Easy To Rent
- Washer Dryer Connections and Dishwashers in each apartment
- Central Air, Tile Roof
- 8 Garages, with new additional paid Assigned Parking being added
EXECUTIVE SUMMARY
Value Add
Figures represent current income, current expenses, NEW OR FUTURE TAXES VIA OWNERSHIP CHANGE.
FIX AND FLIP OR LONG TERM HOLD
Recent Turnover with good paying residents
Room for Improvement in rents after rehab and a couple turnovers
Section 8 Allows up to $2101 for 2 bedrooms in Riverside County, currently has 2 Section 8 Residents
No Local Rent Control
Asking $1,500,000 PRICE REDUCTION
PARTIAL SELLER FINANCING AVAILABLE
ADDED PARKING FOR A FEE IN PROCESS
Figures represent current income, current expenses, NEW OR FUTURE TAXES VIA OWNERSHIP CHANGE.
FIX AND FLIP OR LONG TERM HOLD
Recent Turnover with good paying residents
Room for Improvement in rents after rehab and a couple turnovers
Section 8 Allows up to $2101 for 2 bedrooms in Riverside County, currently has 2 Section 8 Residents
No Local Rent Control
Asking $1,500,000 PRICE REDUCTION
PARTIAL SELLER FINANCING AVAILABLE
ADDED PARKING FOR A FEE IN PROCESS
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Tub/Shower
- Views
- Lawn
- Patio
- Porch
- Vinyl Flooring
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,421 CAD | 900 |
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PROPERTY TAXES
| Parcel Number | 641-271-010 | Total Assessment | $1,059,606 CAD (2025) |
| Land Assessment | $218,341 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $841,265 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
641-271-010
Land Assessment
$218,341 CAD (2025)
Improvements Assessment
$841,265 CAD (2025)
Total Assessment
$1,059,606 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Patio Apartments | 13405 Ocotillo Rd
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