Home | Riverside County | Desert Hot Springs | 92240 | 11771 Upland Way
MLS: SD260011149 | Status: | Price: $890,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
11.0% Cap Rate | 7 Units | Fully Remodeled 2023 | Seller Motivated — Priced to Sell Don't let this one sit on your screen. This 7-unit income property in Desert Hot Springs delivers an 11.0% cap rate at the asking price of $890,000 — and it's already performing. Gross annual rents at full occupancy exceed $122,000, with a net operating income of $98,244 based on current actuals. Unit mix: 4 studios, 1 one-bedroom/one-bath, 2 two-bedroom/one-bath units, plus 1 fully detached unit. Entire property was fully remodeled in 2024 — new everything. Low deferred maintenance, gated private lot on 0.34 acres, driveway parking. Wall furnace heat, wall/window A/C, tile flooring throughout. Priced $41,000 below the Zillow Zestimate of $931,100. At $127,143 per door, this is well below replacement cost for new construction. Cash or 1031 exchange only — ideal as a replacement property for sellers coming out of a larger asset. Seller is motivated and wants a clean, fast close. Bring your buyers. The numbers speak for themselves. Contact Joe Corbisiero | Compass | DRE #01886351 | (760) 201-9252
| Field | Value |
|---|---|
| MLS # | SD260011149 |
| MLS Source | San Diego MLS |
| Days on Site | 38 |
Joe Corbisiero
Compass
License #: 01886351
Phone: (760) 201-9252
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 7 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Cabot Yerxa Elementary School | public | K-5 | 0.50 mi | 5 |
| Desert Hot Springs High School | public | 9-12 | 1.16 mi | 3 |
| Desert Springs Middle School | public | 6-8 | 1.19 mi | 2 |
| Two Bunch Palms Elementary School | public | K-5 | 1.43 mi | 2 |
| Bella Vista Elementary School | public | K-5 | 1.67 mi | 3 |
| Bubbling Wells Elementary School | public | K-5 | 1.78 mi | 2 |
| Painted Hills Middle School | public | 6-8 | 1.82 mi | 2 |
| Julius Corsini Elementary School | public | K-5 | 2.19 mi | 4 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 13627 Hermano Way | $890,000 | – | – | – | |
| 66327 7th | $789,000 | – | – | – |
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This listing information is up-to-date as of May 29, 2026. For the most current information, please contact Joe Corbisiero, (760) 201-9252.