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222 W Via Sol 7 Unit Apartment Building $2,244,528 CAD ($320,647 CAD/Unit) 4.33% Cap Rate Palm Springs, CA 92262
Investment Highlights
- Classic Mid Century Modern Architecture
- 5 of the 7 units have been meticulously remodeled
- Off Street Parking for 9 cars
- Individually Metered for Utilities
- Approximately 12% upside in rents
Executive Summary
Classic Palm Springs Mid Century Modern 7-unit apartment building set against the majestic San Jacinto Mountains. Property is located in the highly desirable and much coveted residential neighborhood of Vista Las Palmas - Chino Canyon area. In addition to the 5 - 1 bedroom 1 bath units, there is a very spacious freestanding 2 bedroom 2 bath apartment and another spacious freestanding 1 bedroom 1 bath unit overlooking the common area pool. Including landscaping, resurfacing the pool, adding 5 private patio's to each of the 1 bedroom units, total exterior painting and the meticulous remodeling of 5 of the 7 units, ownership has spent approximately $200,000 in capital improvements. Onsite laundry room owned by the building provides added income.
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
| Price | $2,244,528 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $320,647 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 4.33% | Building Size | 4,751 SF |
| Gross Rent Multiplier | 11.86 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Zoning | R2, Palm Springs | ||
| Price | $2,244,528 CAD |
| Price Per Unit | $320,647 CAD |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 11.86 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,751 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | R2, Palm Springs |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,932 CAD | 600 |
| 2+2 | 1 | $3,312 CAD | 852 |
1 1
Property Taxes
| Parcel Number | 505-162-004 | Improvements Assessment | $1,486,890 CAD |
| Land Assessment | $389,767 CAD | Total Assessment | $1,876,657 CAD |
Property Taxes
Parcel Number
505-162-004
Land Assessment
$389,767 CAD
Improvements Assessment
$1,486,890 CAD
Total Assessment
$1,876,657 CAD
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222 W Via Sol
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