| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 64th | Best |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 72805 Parkview Dr, Palm Desert, CA, 92260, US |
| Region / Metro | Palm Desert |
| Year of Construction | 1989 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
72805 Parkview Dr Palm Desert Multifamily Investment
Positioned in a high-cost ownership pocket of Palm Desert, the asset benefits from durable renter demand and amenity access, according to WDSuite’s CRE market data. With a moderate renter concentration nearby and steady dining/retail density, the property’s leasing story leans on convenience and lifestyle rather than deep concessions.
The property sits in a suburban pocket of Palm Desert rated A- and ranked 193 out of 997 neighborhoods in the Riverside–San Bernardino–Ontario metro, placing it in the top quartile among metro neighborhoods. Street-level convenience is a differentiator: restaurant density is strong (competitive nationally) and cafes are particularly abundant, while grocery access is above average for the area. By contrast, neighborhood park, pharmacy, and childcare coverage is thinner, suggesting on-site amenities and resident services can enhance retention.
At the neighborhood level, renter-occupied housing accounts for roughly one-third of units, indicating a moderate renter concentration that supports a stable tenant base without excessive turnover risk. Median contract rents have trended upward over five years, and the neighborhood’s rent-to-income levels suggest manageable affordability pressure, which can support pricing discipline and renewal capture.
The average local building vintage skews around 1980, while this asset was built in 1989. That slightly newer vintage can improve competitive positioning versus older stock, though investors should still plan for system updates and selective renovations to meet current renter expectations.
Within a 3-mile radius, demographic statistics show a smaller average household size and a shift toward more households even as population growth softens, which can expand the renter pool and support occupancy stability. Elevated home values relative to incomes in this pocket of the Coachella Valley reinforce reliance on multifamily housing, benefiting leasing and retention for well-managed assets.
Neighborhood safety indicators are mixed relative to both the metro and national landscape. Overall crime ranks 573 out of 997 metro neighborhoods, and national positioning is below the median. However, property crime has shown a meaningful year-over-year decline, placing the neighborhood in a stronger improvement tier nationally. Violent offense indicators sit near the national midpoint. For investors, the trajectory suggests monitoring remains prudent, but recent improvement in property crime can aid resident sentiment and renewal conversations.
Nearby employment is anchored by service and operations roles that help sustain local renter demand and short commutes, led by Waste Management’s regional operations.
- Waste Management — environmental services operations (2.3 miles)
This 26-unit 1989-vintage asset offers convenience-driven appeal in a high-cost ownership market where renter reliance supports durable demand. Based on CRE market data from WDSuite, the neighborhood sits in the top tier of metro locations for overall quality and amenity access, with strong dining and cafe density and above-average grocery coverage. Renter concentration in the immediate area is moderate, which supports a stable tenant base, while elevated home values reinforce the case for steady multifamily demand and renewal capture.
The vintage provides a mild competitive edge versus older local stock, with a clear path for targeted value-add through common-area upgrades and in-unit modernization. Within a 3-mile radius, the outlook points to more households despite softer population trends, implying a broader tenant base and resilient leasing. Investors should underwrite to local occupancy dynamics and selectively deploy capital to differentiate finishes and amenities.
- Convenience location with strong dining and grocery access supporting leasing velocity
- High-cost ownership environment reinforces multifamily demand and renewal potential
- 1989 vintage creates value-add opportunity through selective renovations
- 3-mile trends indicate more households, supporting a broader renter pool
- Risk: neighborhood occupancy trends warrant active lease management and amenity-driven differentiation