| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 70th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45278 Deep Canyon Rd, Palm Desert, CA, 92260, US |
| Region / Metro | Palm Desert |
| Year of Construction | 1973 |
| Units | 64 |
| Transaction Date | 2012-09-14 |
| Transaction Price | $5,259,000 |
| Buyer | Desert Garden Mariposa, LLC |
| Seller | DM Riveria, LLC |
45278 Deep Canyon Rd Palm Desert Multifamily Investment
Amenity-rich surroundings and elevated ownership costs support renter demand and pricing resilience, according to WDSuite’s CRE market data. Neighborhood renter concentration is higher than national norms, suggesting a deeper tenant base for a 64-unit asset.
The property sits in a suburban pocket of Palm Desert that ranks 79th out of 997 Riverside–San Bernardino neighborhoods (A rating), placing it in the top quartile among metro peers. Dining and daily-needs access are strengths: neighborhood densities for restaurants, cafes, groceries, and pharmacies are in the top decile nationally, which tends to bolster leasing velocity and retention for workforce and lifestyle renters.
Renter demand signals are constructive. The neighborhood’s share of renter-occupied housing units is above national medians (higher national percentile for renter concentration), indicating a deeper pool of prospective tenants for multifamily. While reported neighborhood occupancy sits well below national norms, nearby amenity depth and a stable renter base can help operators manage leasing and renewal performance.
Within a 3-mile radius, demographic statistics show essentially flat households over the past five years with a small population decline. Looking ahead, projections indicate households increase even as population edges down, implying smaller household sizes and a larger pool of individual households entering the market—supportive of multifamily absorption and occupancy stability.
Ownership costs in the neighborhood are elevated relative to incomes (high national percentile for value-to-income ratio) while typical rents track at moderate rent-to-income levels. For investors, this combination often supports renter reliance on multifamily housing and can aid lease retention, provided rent growth is matched to local affordability dynamics. Park and childcare access are limited locally, which may shape unit-mix appeal more toward adult and senior renters rather than families.
Safety indicators are mixed versus regional and national benchmarks. The neighborhood’s overall crime standing is below the metro median among 997 Riverside–San Bernardino neighborhoods, and national percentiles point to less favorable safety levels compared with many U.S. neighborhoods.
Recent trend data offer a constructive note: property offense rates have declined meaningfully year over year (strong improvement percentile nationally), which, if sustained, can help leasing confidence and nighttime economy activity. Violent offense levels remain below national medians for safety, so operators should continue standard property-level measures (lighting, access control, coordination with local resources) to support resident comfort.
Proximity to nearby corporate offices supports commute convenience and helps broaden the tenant base for workforce-oriented renters. The following employer is within a short drive.
- Waste Management — environmental services (1.7 miles)
This Palm Desert location combines elevated ownership costs, strong daily-needs and dining access, and higher renter concentration to support multifamily demand. Despite neighborhood occupancy running below national norms, amenity density and a projected increase in households within a 3-mile radius point to a larger tenant base and potential for occupancy stability with hands-on leasing strategy. Home values are high relative to incomes, reinforcing renter reliance on multifamily, while rent levels align with manageable rent-to-income considerations for retention.
Operationally, the submarket’s amenity strengths and commuter access provide a foundation for consistent leasing, while operators should plan for active marketing and resident services to offset the area’s lower-than-average occupancy baseline. According to CRE market data from WDSuite, neighborhood amenities rank competitively at the national level, which can underpin rent trade-outs when paired with thoughtful unit upgrades and service quality.
- High amenity density (dining, groceries, pharmacies) supports leasing velocity and retention.
- Elevated ownership costs sustain renter reliance on multifamily, aiding pricing power.
- 3-mile household growth outlook expands the tenant base despite modest population decline.
- Manageable rent-to-income dynamics support renewal outcomes and reduce turnover risk.
- Risk: neighborhood occupancy trails national norms; proactive leasing and concessions strategy may be needed.