11771 Upland Way, Desert Hot Springs, CA 92240
Local realty services provided by:ERA Excel Realty
11771 Upland Way,Desert Hot Springs, CA 92240
$935,000
- 9 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: peyson robertson
Office: exp realty of southern california inc
MLS#:219143150
Source:CA_DAMLS
Price summary
- Price:$935,000
About this home
Rare investment opportunity in Desert Hot Springs trading at an 8.61 GRM with a clear path to a 9.44% stabilized cap. This 2024 built 7 unit property features a versatile mix for rental income: 1 fully detached 2BD/1BA, 1 attached 2BD/1BA, 1 1BD/1BA, and 4 studios. All units sit behind a private gate, providing privacy and security for tenants. Current gross rents of $9,191/mo ($110,292/yr) are in place and documented, with six of seven units occupied.
The operational story is what separates this deal. Seven individual electric meters, designed in at construction, mean tenants absorb the single largest line item in the Coachella Valley, the summer cooling bill. Combined with the lower maintenance profile of new construction, this drives owner operating expenses to just 27% of gross income.
Conveniently located near local amenities, shopping, and easy freeway access, the asset is ideal for the investor seeking a turnkey rental portfolio or the owner occupant looking to offset a mortgage with six streams of rental income. No deferred maintenance, no CapEx event, no refresh cycle. Just rent mark to market as leases turn. Full pro forma, T12 expenses, and rent roll available...
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Home facts
- Year built:1962
- Listing ID #:219143150
- Added:81 day(s) ago
- Updated:April 28, 2026 at 11:32 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:7
- Full bathrooms:7
- Flooring:Tile
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Wall Furnace
Structure and exterior
- Year built:1962
- Lot area:0.34 Acres
- Levels:2 Story, One Level, Two Levels
Utilities
- Sewer:Connected and Paid, In
Finances and disclosures
- Price:$935,000
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