Marcus & Millichap is pleased to present the sale of 13548 Caliente Drive. 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.
Three 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 within walking distance of Henry Lozano Community Center and a short drive to 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.