| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 78th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 S Araby Dr, Palm Springs, CA, 92264, US |
| Region / Metro | Palm Springs |
| Year of Construction | 2004 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1700 S Araby Dr Palm Springs Multifamily Opportunity
Built in 2004 with 104 units, this asset benefits from a high-cost ownership market and a growing household base nearby, according to WDSuite’s CRE market data.
The property sits in a suburban pocket of Palm Springs where home values are elevated compared with national norms, which tends to sustain renter reliance on multifamily housing and support pricing power. Neighborhood median contract rents trend in the upper range nationally, and WDSuite’s CRE market data indicates the area’s value-to-income dynamics favor continued demand for rentals over ownership.
Within a 3-mile radius, demographics show population growth in recent years and an increase in total households alongside smaller average household sizes. For multifamily investors, that points to a larger tenant base and steady demand for smaller-format units, which can support occupancy and leasing velocity through typical cycles.
The property’s 2004 vintage compares newer than the neighborhood’s older housing stock, positioning it competitively against 1970s-era buildings while still offering potential value-add through targeted modernization and system upgrades as the asset continues to age. Renter-occupied housing makes up roughly two-fifths of units within 3 miles, indicating a meaningful renter concentration and depth of demand for stabilized multifamily product.
Local amenity density in the immediate neighborhood is limited, so residents typically access retail, services, and recreation in broader Palm Springs corridors by car. For investors, this suggests marketing that emphasizes access to citywide destinations and on-site conveniences to bolster retention.
Safety metrics for the neighborhood compare less favorably to national benchmarks, particularly on property crime, based on WDSuite’s data. Recent readings show a modest year-over-year decline in estimated property offenses, while violent offense levels track closer to mid-range national comparisons. Investors should underwrite appropriate security, lighting, and operational controls and monitor trend direction rather than any single-year print.
Regional employment is diversified across environmental services and consumer goods, supporting renter demand through a mix of operations, logistics, and managerial roles within commuting range.
- Waste Management — environmental services (9.7 miles)
- General Mills — consumer packaged goods (41.8 miles)
This 104-unit, 2004-built asset offers scale and a competitive vintage relative to an older local housing base. Elevated home values in the area reinforce sustained renter demand, and within 3 miles households have been expanding while average household size trends smaller—both supportive of a broader tenant pool and steady leasing. According to commercial real estate analysis from WDSuite, neighborhood rents sit in higher national percentiles, aligning the asset with residents who prioritize quality and location over ownership.
Key considerations include limited immediate amenity density and safety metrics that lag national benchmarks, suggesting the need for thoughtful on-site amenities, security measures, and marketing that highlights access to broader Palm Springs destinations. With targeted renovations and operations, the property can compete effectively against older stock while capturing demand from a renter base reinforced by a high-cost ownership market.
- 2004 vintage outcompetes older neighborhood stock while allowing selective value-add
- High-cost ownership market underpins renter demand and potential pricing power
- 3-mile household growth and smaller household sizes expand the tenant base
- Scale at 104 units supports operating efficiencies for leasing and maintenance
- Risks: lower amenity density nearby and below-average safety metrics require proactive management