13548 Caliente Drive, Desert Hot Springs, CA 92240

About this property

This investment is an eight unit apartment building located in the strong rental market of Desert Hot Springs, California within the greater Inland Empire area. Built in 1990, this property features 100% one bedroom-one bath units totaling 5,120 square feet, built on a 0.39 acre lot. Four out of the eight units have been fully renovated. The remaining units were either already in good condition, requiring minimal upgrading, or were occupied at the time of purchase and have been maintained with all necessary repairs being made. This investment is located with in distance of Henry Lozano Community Center and the interstate 10 and local shopping centers, providing tenants with convenient access to entertainment and restaurants. This location offers high visibility in an area known for its strong tenancy, stable rent growth and a historically high occupancy rate.

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold December 2021 · listed $1,142,000, on market July 2021 · MLS #219064317PS · Source: CRMLS

Listing Agent: Elizabeth Bonilla · Listing Office: Desert Dunes Realty · Contact: (760) 668-1148 · Bought with: Elizabeth Clark · Compass

$780,000

Sold May 2020 · listed $789,000, orig. $815,000, on market March 2020 · MLS #CV20070905 · Source: CRMLS

Listing Agent: JOHN STEPHENS · Listing Office: MARCUS & MILLICHAP · Contact: 909-456-3400 · Bought with: JOHN STEPHENS · MARCUS & MILLICHAP

$430,000

Sold June 2018 · listed $445,000, on market May 2018 · MLS #218012908DA · Source: CRMLS

Listing Agent: Karen Kady · Listing Office: Desert Empire Realty · Contact: (760) 272-6327 · Bought with: Karen Kady · Desert Empire Realty

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