| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 70th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 73200 Tumbleweed Ln, Palm Desert, CA, 92260, US |
| Region / Metro | Palm Desert |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | 1997-12-11 |
| Transaction Price | $780,000 |
| Buyer | EL PASEO APARTMENT COMPANY LP |
| Seller | COTTA LAITH F |
73200 Tumbleweed Ln Palm Desert Multifamily Investment
Amenity density and a high-cost ownership market support durable renter demand in this Palm Desert neighborhood, according to WDSuite’s CRE market data. The area’s restaurant and grocery access helps underpin leasing fundamentals for well-located assets.
The property sits in a suburban pocket of Palm Desert with strong daily-life convenience. Restaurant density ranks 19th among 997 metro neighborhoods and cafes 29th, signaling top-tier food-and-beverage access; grocery options are also competitive (ranked 101st of 997). These amenity concentrations tend to bolster renter appeal and support leasing velocity for professionally managed multifamily.
Neighborhood-level renter-occupied share is in the upper tiers nationally, indicating a meaningful tenant base for multifamily operators. By contrast, neighborhood occupancy (measured for the neighborhood, not the property) trends below national norms, so asset selection and operational execution remain important to capture demand.
Within a 3-mile radius, households have edged higher even as population modestly contracted, pointing to smaller household sizes and a stable to expanding renter pool. Looking ahead, forecasts show additional household growth alongside rising incomes, which can support rent levels and occupancy stability when paired with competitive unit finishes.
Ownership costs are elevated for the area (home values sit in a high national percentile and the value-to-income ratio ranks 185th of 997 metro neighborhoods), which typically sustains reliance on rental housing and can aid retention. Amenity gaps include limited nearby parks and childcare, factors to weigh when targeting specific renter cohorts.
Safety conditions are mixed. Overall crime sits below the national safety median (national percentile in the low 40s), and within the metro the neighborhood ranks 653rd out of 997, indicating crime levels above the metro average. Investors should underwrite with appropriate security and insurance assumptions.
Property offenses are comparatively elevated (ranked 865th of 997 metro neighborhoods and in a low national percentile), but recent data show a notable year-over-year decline, suggesting improving momentum. Violent offenses benchmark in a lower national percentile as well and ticked up slightly over the past year; monitoring trends and tenant feedback is prudent.
Nearby employment is anchored by essential services, supporting workforce housing demand and commute convenience for residents. The employers below reflect proximate, everyday-economy roles.
- Waste Management — waste services (2.4 miles)
This 25-unit asset, built in 1974, sits in a Palm Desert neighborhood with strong amenity access and a renter base that is above national norms, supporting depth of demand. Elevated ownership costs locally reinforce reliance on rental housing, while 3-mile household growth and income gains point to a larger tenant base and potential for steady absorption. Based on commercial real estate analysis from WDSuite, the surrounding area’s restaurant and grocery density provides day-to-day convenience that can aid retention and leasing.
The 1974 vintage suggests planning for targeted capital improvements and potential value-add upgrades to remain competitive against newer product. Neighborhood-level occupancy trends run below national benchmarks, so disciplined operations, unit modernization, and competitive pricing will be key levers for performance.
- Amenity-rich location (restaurants, cafes, groceries) supports leasing velocity and resident retention.
- Elevated ownership costs in the area sustain multifamily renter demand and can support pricing power.
- 3-mile household growth and rising incomes expand the tenant base and support occupancy stability.
- 1974 vintage offers value-add potential through renovations and systems modernization.
- Risks: neighborhood-level safety ranks below metro average and occupancy trends lag nationally, requiring careful underwriting and active management.