| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 62nd | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2950 N Indian Canyon Dr, Palm Springs, CA, 92262, US |
| Region / Metro | Palm Springs |
| Year of Construction | 1980 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2950 N Indian Canyon Dr, Palm Springs Multifamily Investment
Neighborhood fundamentals point to renter reliance in a high-cost ownership market and solid dining/retail access, supporting demand according to WDSuite’s CRE market data.
Palm Springs’ north-side submarket offers a livable mix of outdoor access and everyday retail, with restaurant density landing in the top quartile nationally and parks/pharmacies performing well versus U.S. peers. Grocery coverage is competitive among Riverside–San Bernardino–Ontario neighborhoods, while limited cafe/childcare density suggests a lifestyle skewed more to destination dining and services than dense neighborhood nodes.
Within a 3-mile radius, household counts are projected to rise even as population trends edge lower, indicating smaller household sizes and a broader base of one- to two-person renters. This pattern typically supports multifamily demand by expanding the tenant base and can aid occupancy stability for well-positioned assets. Median household incomes and asking rents have trended upward, and rent-to-income levels remain manageable, which supports pricing power and renewal prospects from an investor standpoint.
Ownership costs are elevated compared with national norms (home values and value-to-income ratios score in high national percentiles), reinforcing reliance on rental housing and deepening the pool for professionally managed units. At the same time, average school ratings in the neighborhood are below national medians, which may skew the renter profile toward adult and lifestyle-oriented households rather than families—useful context for unit mix, amenity programming, and marketing.
Neighborhood-level occupancy runs below national norms and below the metro median (less competitive among 997 metro neighborhoods), which can introduce seasonality and lease-up variability; however, restaurant, park, and pharmacy access, along with competitive grocery coverage, provide durable lifestyle anchors. Based on WDSuite’s commercial real estate analysis, investors should underwrite steady renter demand tied to high ownership costs and a growing count of smaller households, while planning for leasing seasonality.
Safety indicators are mixed relative to the region and nation. The neighborhood’s crime rank sits in the less favorable half among 997 metro neighborhoods, and national comparisons place it below the median on several measures. However, property-related offense rates have declined over the past year, signaling incremental improvement amid broader stabilization, according to WDSuite’s CRE market data.
For investors, the takeaway is contextual: safety levels trail stronger Riverside–San Bernardino–Ontario submarkets today, but the downward trend in property offenses is constructive. Property-level lighting, access control, and visibility strategies can support leasing and retention in line with comparable Palm Springs assets.
Regional employers within commuting range help sustain renter demand, with environmental services and packaged foods providing diversified job anchors relevant to workforce and lifestyle renters.
- Waste Management — environmental services (13.3 miles)
- General Mills — packaged foods (39.8 miles)
This Palm Springs asset benefits from a renter pool supported by elevated ownership costs, strong dining/park accessibility, and projected growth in households within 3 miles despite modest population contraction. These dynamics can bolster leasing velocity and renewal performance for well-maintained, professionally managed properties. According to CRE market data from WDSuite, the neighborhood’s rent levels and income trends suggest room for disciplined revenue management, while underwriters should account for submarket seasonality and below-median school ratings when calibrating unit mix and marketing strategy.
Operational focus on curb appeal, access control, and targeted modernization can position the property competitively against older stock and sustain occupancy through seasonal swings. High-cost homeownership in the area supports renter retention, particularly for smaller households and lifestyle renters seeking convenience and amenities.
- Elevated ownership costs reinforce renter demand and support pricing power
- Household growth within 3 miles expands the tenant base even as population edges lower
- Income and rent trends, per WDSuite’s CRE market data, support disciplined revenue management
- Risks: below-median school ratings, mixed safety metrics, and seasonal occupancy patterns