| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 59th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 43095 Washington St, Palm Desert, CA, 92211, US |
| Region / Metro | Palm Desert |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | 2017-06-06 |
| Transaction Price | $5,400,000 |
| Buyer | Vincent Keenan |
| Seller | --- |
43095 Washington St Palm Desert Multifamily Investment
Renter demand is supported by a sizable renter-occupied share in the surrounding neighborhood and an improving occupancy trend, according to WDSuite’s CRE market data. With 32 units and larger floor plans, the asset caters to households seeking space in a suburban Riverside County location.
Positioned in Palm Desert’s inner-suburban fabric, the neighborhood ranks 158 out of 997 within the Riverside–San Bernardino–Ontario metro, placing it above the metro median and competitive among peer neighborhoods. Amenity access is balanced overall (mid-pack nationally), with stronger proximity to daily needs and healthcare compared with lifestyle options.
Daily convenience is a relative strength: grocery and pharmacy availability scores higher than many neighborhoods nationally, while parks and café density are limited within the immediate area. For investors, this mix supports day-to-day livability and retention while signaling modest lifestyle activation. These insights are grounded in commercial real estate analysis from WDSuite.
The neighborhood’s occupancy has trended higher over the past five years, while approximately half of housing units are renter-occupied — a renter concentration that helps deepen the tenant base and supports leasing stability. Median home values are elevated versus many U.S. neighborhoods, which tends to sustain reliance on multifamily rentals; at the same time, rent-to-income levels indicate manageable affordability pressure that can aid retention.
Demographic statistics aggregated within a 3-mile radius point to a growing renter pool: population and households have increased in recent years, with forecasts indicating further household growth by 2028. Rising household incomes in the 3-mile area expand the addressable tenant base for larger units, supporting occupancy durability and measured rent positioning over the hold period.
Safety trends compare favorably in context: the neighborhood ranks 181 out of 997 metro neighborhoods on crime, which is above the metro average, and sits in the upper tier nationally (around the 63rd percentile) for safety. Recent year-over-year data also shows notable declines in both property and violent offense rates, reinforcing a positive trajectory rather than a single-year outlier.
Investors should still underwrite to submarket norms and monitor trend persistence, but current readings suggest conditions that can support resident retention and leasing stability relative to more challenged metro locations.
Nearby employment helps underpin renter demand through commute convenience, with industrial and services presence represented locally by Waste Management.
- Waste Management — environmental services (3.2 miles)
This 32-unit, 1980-vintage asset offers larger average unit sizes in a Palm Desert neighborhood that is competitive within the Riverside–San Bernardino–Ontario metro. The property’s vintage is newer than the neighborhood average housing stock, supporting relative competitiveness while leaving room for targeted system upgrades and value-add renovations. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years, and a sizable renter-occupied share indicates durable depth of demand.
Within a 3-mile radius, household counts and incomes have been rising and are projected to grow further by 2028, pointing to a larger tenant base and support for occupancy stability. Elevated ownership costs in the area tend to reinforce reliance on multifamily housing, while rent-to-income levels suggest manageable affordability pressure — a constructive backdrop for retention and measured rent growth. Key underwriting considerations include limited nearby park and café density and a moderate baseline occupancy for the neighborhood, which argues for disciplined renovation scopes and leasing strategies.
- Improving neighborhood occupancy and solid renter-occupied share support demand depth
- 1980 vintage is newer than local stock, with value-add and systems-upgrade upside
- 3-mile household and income growth expands the addressable tenant base
- Elevated ownership costs sustain multifamily reliance; rent-to-income indicates retention support
- Risk: limited parks/café density and moderate neighborhood occupancy call for disciplined lease-up and capex planning