7th Street Apartments
Type: Multifamily
66327 7th St, Desert Hot Springs, CA
Total Number of Units: 6
Year Built: 1960
Sale Price: $789,000
Price per Unit: $131,500
Price per Square Foot: $315.69
CAP Rate: 8.64%
GRM: 7.86
Downpayment: $315,600
Net Operating Income: $68,189
Rentable Square Feet: 2,500
Lot Size: 0.15
Unit Type
Studio
1B1B
No. of Units
5
1
Le Investment Group presents 7th Street Apartments, a six-unit multifamily property located at 66327 7th Street in Desert Hot Springs. Offered at $789,000, the asset delivers strong in-place performance with an 8.64% cap rate and 7.86 GRM, with upside to a projected 9.65% cap rate and 7.23 GRM through rental repositioning. The property features five studio units and one one-bedroom unit, totaling approximately 2,500 square feet, with recent upgrades including a new roof, exterior paint, A/C units, and updated wiring supporting stable cash flow and long-term income growth.
