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238 S Saturmino Dr 7 Unit Apartment Building $2,302,837 CAD ($328,977 CAD/Unit) 6.39% Cap Rate Palm Springs, CA 92262
Investment Highlights
- Close proximity to Downtown
- Individually metered
- Upgraded interiors
Executive Summary
Excellent opportunity to acquire a 7-unit apartment complex in a highly desirable area of Palm Springs. Ideally situated in a strong rental corridor near downtown amenities, shopping, dining, and major transportation routes, this property offers investors stable cash flow in one of the Coachella Valley’s most sought-after rental markets.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
| Price | $2,302,837 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $328,977 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.39% | Building Size | 5,733 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.07 | No. Stories | 1 |
| No. Units | 7 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2 - Low Density Multi Family Residential | ||
| Price | $2,302,837 CAD |
| Price Per Unit | $328,977 CAD |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.07 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,733 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | R2 - Low Density Multi Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Refrigerator
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 2+2 | 1 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 502-182-003 | Total Assessment | $1,734,235 CAD |
| Land Assessment | $332,168 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,402,067 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
502-182-003
Land Assessment
$332,168 CAD
Improvements Assessment
$1,402,067 CAD
Total Assessment
$1,734,235 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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238 S Saturmino Dr
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