Updated Sep 9, 2024
Joel Rico Sells 8-Unit Multifamily In Desert Hot Springs For $1.1M
13548 Caliente Drive, Desert Hot Springs, California 92240, United States
$1,100,000
$214/SF
Building Size
5,120 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
The multifamily property located at 13548 Caliente Dr. in Desert Hot Springs has been sold for a price of $1,100,000. The property consists of 8 units, with an average price per unit of $137,500. It spans a total area of 5,120 square feet, resulting in a price per square foot of $214.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 8
- Price per Unit: $137,500
- Square Footage: 5,120
- Price per Square Foot: $214
The seller of the property was Joel Rico. The transaction was facilitated by Evan Weiss from Weiss CRE and Elizabeth Clark & Tai Kagehiro from Compass Commercial.
On the Map
$1,100,000
$214/SF
MultiFamily
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Players
Desert Hot Springs MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93