Joel Rico Sells 8-Unit Multifamily In Desert Hot Springs For $1.1M

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.