610 S Calle Palo Fierro

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610 S Calle Palo Fierro

Palm Springs, CA 92264
Asking Price
$1.19M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property located at 610 S Calle Palo Fierro
  • Total purchase price for the building is $1,190,000
  • Asset structure comprises 3 individual rental units
  • Situated in the growing Palm Springs residential market
  • Building type is classified as an apartment asset

What's Special

Priced at $1,190,000, this multifamily asset located at 610 S Calle Palo Fierro in Palm Springs provides a stable addition to a real estate portfolio. The property consists of 3 units, offering a manageable scale for investors targeting the Coachella Valley residential market. Palm Springs continues to draw long-term residents and seasonal occupants, supported by a distinct tourism-based economy and sustained demand for high-quality rental housing in the region. This apartment building is well-situated for an owner-operator or an investor seeking to capitalize on the ongoing growth of the Southern California desert submarket. Its compact size allows for efficient management while maintaining exposure to a resilient local housing sector. Prospective buyers will find this an accessible entry point or a tactical hold in one of the most recognized lifestyle destinations in the state.

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NOI
$80,000
Cap Rate
6.72%
DSCR
1.13
Tight
Cash-on-Cash
2.62%
Monthly Payment
$5,887.471
Annual Cash Flow
$9,350.351

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