| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 74th | Best |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 390 E Camino Monte Vis, Palm Springs, CA, 92262, US |
| Region / Metro | Palm Springs |
| Year of Construction | 1995 |
| Units | 98 |
| Transaction Date | 2003-05-08 |
| Transaction Price | $3,225,000 |
| Buyer | DONIA PHILLIP A |
| Seller | PALOS VERDES VILLAS INC |
390 E Camino Monte Vis Palm Springs 98-Unit Multifamily Investment
Positioned in a high-cost ownership market with steady renter demand, this 98-unit asset benefits from a relatively newer 1995 vintage and location fundamentals that support occupancy resilience, according to WDSuite’s CRE market data.
Palm Springs’ neighborhood context skews toward a high-cost ownership landscape and smaller household sizes, which tends to support multifamily tenant depth and lease retention. Home values are in the upper tail nationally (97th percentile), while the neighborhood’s renter-occupied share is moderate, indicating a viable tenant base without oversaturation. Median asking rents benchmark above national medians (70th percentile), reinforcing revenue potential without relying on outsized rent growth.
The property’s 1995 construction is newer than the neighborhood’s average vintage (1978). For investors, that relative youth can reduce near-term capital exposure versus older local stock while still leaving room for targeted modernization to improve competitive positioning.
Amenities are limited in the immediate neighborhood by national comparison (amenities at the 16th percentile; scarce walkable grocery, dining, and cafes), though pharmacy access is a relative strength (97th percentile). Average school ratings sit around the national midpoint (2.5/5), which is serviceable for workforce-oriented demand but unlikely to be the primary leasing driver.
Demographics within a 3-mile radius show a mature population mix and smaller household sizes, with WDSuite data indicating households are projected to increase even as population inches lower—implying smaller households and a larger share of renters entering the market over time. This pattern can support multifamily absorption and occupancy stability, particularly for well-managed, right-sized units.
Safety indicators here trend weaker than both metro and national benchmarks. The neighborhood’s crime rank places it 919th among 997 Riverside–San Bernardino–Ontario neighborhoods, signaling elevated incident rates relative to many peers. Nationally, safety percentiles are low (e.g., property and violent offense measures sit well below average), so underwriting should incorporate higher security, insurance, and operational vigilance assumptions.
Recent year-over-year trends show an uptick in violent offense alongside persistently high property offense levels. For investors, the practical takeaway is to plan for enhanced site security, lighting, access control, and resident engagement to support retention and mitigate loss, and to calibrate concessions and marketing toward stability-focused leasing.
Regional employment access is driven by diversified corporate operations within commuting range, supporting workforce housing demand and retention for residents working across logistics and consumer goods.
- Waste Management — waste services (12.6 miles)
- General Mills — consumer goods (39.9 miles)
This 98-unit Palm Springs asset combines a relatively newer 1995 vintage with a high-cost ownership environment that supports sustained reliance on rentals. The neighborhood’s renter-occupied share is moderate, providing a balanced tenant pool, while home values ranking near the top nationally help underpin leasing power and retention. According to CRE market data from WDSuite, neighborhood occupancy trends and small household sizes suggest a steady renter pipeline for well-managed properties, though leasing may rely more on professional and lifestyle renters than on family-driven demand.
Operationally, the property’s vintage can be competitive versus older local stock, with targeted value-add potential through modernization and efficiency upgrades. Counterbalancing strengths are amenity limitations in the immediate area and weaker safety indicators, which argue for disciplined underwriting, enhanced security measures, and focused marketing. With pragmatic capital planning and leasing strategy, the asset can align with long-term fundamentals driven by renter reliance and income growth in the surrounding trade area.
- 1995 vintage offers relative competitiveness vs. older neighborhood stock, with room for targeted modernization
- High-cost ownership market supports renter reliance and potential pricing power
- Balanced renter-occupied share provides a durable tenant base and supports occupancy stability
- Risk: weaker safety metrics require enhanced security, insurance planning, and disciplined leasing assumptions
- Amenities are limited nearby; plan for resident services and convenience features to support retention