1900 E Baristo Rd 7 Unité Immeuble d’appartements 1 777 789 $ CAD (253 970 $ CAD/Unité) 5,58% Taux de capitalisation Palm Springs, CA 92262

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the opportunity to
acquire a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California.
Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located
within the desirable Sunrise Park submarket of Palm Springs. The offering is priced at $1,300,000 and is
currently performing at a 5.58% cap rate.
Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated
on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom
units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces,
a community pool and a shared laundry room serving five units. Units 1 and 6 feature individual in-unit
washer and dryer hookups. Each unit is individually metered for electric (all electric building), individual water heaters and wall A/C unit.
The landlord pays for water, sewer and trash at said property.
Located in the Sunrise Park neighborhood, the property benefits from its proximity to Palm Springs High
School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport.
The surrounding area is characterized by established residential neighborhoods, strong year-round rental
demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject
to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal.
1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing
asset within one of Southern California’s most established resort markets.
Please do not disturb tenants. Interior inspections will be provided upon acceptance of an offer.