| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 25th | Fair |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11190 Mesquite Ave, Desert Hot Springs, CA, 92240, US |
| Region / Metro | Desert Hot Springs |
| Year of Construction | 1998 |
| Units | 51 |
| Transaction Date | 2016-12-01 |
| Transaction Price | $2,967,500 |
| Buyer | DESERT HOT SPRINGS PORTFOLIO HOUSING PAR |
| Seller | DESERT HOT SPRINGS ASSOCIATES LP |
11190 Mesquite Ave Desert Hot Springs Multifamily Investment
This 51-unit property built in 1998 offers investors exposure to Desert Hot Springs' growing rental market, with the neighborhood showing 91st percentile rental share among metro areas and strong population growth dynamics according to CRE market data from WDSuite.
The Desert Hot Springs neighborhood demonstrates strong rental fundamentals, with 53.9% of housing units occupied by renters—ranking in the 91st national percentile. This high rental concentration supports consistent tenant demand for multifamily properties. The area's 1998 construction year aligns with neighborhood averages, positioning the property competitively without immediate capital expenditure pressures typical of older vintage assets.
Demographic data aggregated within a 3-mile radius shows positive growth trends, with population increasing 19.4% over five years to nearly 37,000 residents. Household formation has expanded 26%, creating a larger tenant base that supports occupancy stability. Forecasts project continued growth with population reaching 42,700 by 2028, representing 15.6% additional expansion that should sustain rental demand.
The neighborhood's median contract rent of $860 has grown 20.5% over five years, though this remains below regional benchmarks at the 43rd national percentile. This positioning may offer tenants affordability while providing potential for measured rent growth. However, median household income of $39,969 ranks in the bottom quartile nationally (7th percentile), creating affordability pressure that requires careful lease management and retention strategies.
Amenity density presents mixed signals for tenant retention. While restaurant availability ranks in the 75th percentile nationally with 3.42 establishments per square mile, essential services show gaps—grocery stores, pharmacies, and childcare facilities register zero density within the immediate area. Schools average 3.0 out of 5 stars, ranking in the 61st percentile nationally, which supports family tenant appeal despite service limitations.
Safety data for this Desert Hot Springs neighborhood is currently unavailable in the regional database, limiting comparative analysis against the 997 neighborhoods in the Riverside-San Bernardino-Ontario metro area. Investors should conduct independent due diligence through local law enforcement statistics and neighborhood visits to assess security conditions relevant to tenant retention and property management considerations.
The Desert Hot Springs area benefits from proximity to corporate employers that support workforce housing demand, though employment centers require commutes to nearby markets.
- Waste Management — corporate offices (17.3 miles)
- General Mills — corporate offices (43.4 miles)
This Desert Hot Springs property offers investors exposure to a high-rental-concentration market with demonstrated population growth and household formation. The 1998 construction year positions the asset competitively within neighborhood norms while avoiding immediate capital intensive renovations. Demographic trends show sustained expansion, with population projected to grow 15.6% by 2028, supporting long-term tenant demand despite current income constraints that require active lease management.
The neighborhood's 91st percentile rental share provides fundamental support for multifamily demand, though below-average income levels and limited local amenities present operational considerations. Commercial real estate analysis from WDSuite indicates rent growth potential exists given the 20.5% increase over five years, though affordability dynamics warrant conservative underwriting and retention-focused management strategies.
- High rental concentration (91st percentile nationally) supports consistent tenant demand
- Strong population growth (19.4% over 5 years) with continued expansion projected
- 1998 construction year avoids immediate capital expenditure needs
- Moderate rent growth potential based on 20.5% five-year increase
- Risk: Below-average income levels (7th percentile nationally) require careful affordability management