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Tramview Road Fourplex Palm Springs 343 W Tramview Rd

4 Unit Apartment Building $1,080,000 USD ($270,000 USD/Unit) 4.08% Cap Rate Palm Springs, CA 92262

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Investment Highlights

Great Investment Opportunity
Live In One Unit and Rent Out The Other 3

Ideal For An Owner-User

Executive Summary

Apartment homes include washer hookups, gas stove, refrigerator and mini-split AC/Heat units. Resident pays for electric, gas, Internet. Rent includes water, sewer, trash and landscape maintenance.
• Secured Entry
• Off Street Parking

343 West Tramview Rd Palm Springs_OM_SS

Financial Summary (Pro forma - 2024)	Annual (USD)	Annual Per SF (USD)
Gross Rental Income	$70,200	$21.94
Other Income	-	-
Vacancy Loss	$2,106	$0.66
Effective Gross Income	$68,094	$21.28
Taxes	$14,177	$4.43
Operating Expenses	$9,885	$3.09
Total Expenses	$24,062	$7.52
Net Operating Income	$44,032	$13.76

Financial Summary (Pro forma - 2024)

Gross Rental Income (USD)
Annual	$70,200
Annual Per SF	$21.94

Other Income (USD)
Annual	-
Annual Per SF	-

Vacancy Loss (USD)
Annual	$2,106
Annual Per SF	$0.66

Effective Gross Income (USD)
Annual	$68,094
Annual Per SF	$21.28

Taxes (USD)
Annual	$14,177
Annual Per SF	$4.43

Operating Expenses (USD)
Annual	$9,885
Annual Per SF	$3.09

Total Expenses (USD)
Annual	$24,062
Annual Per SF	$7.52

Net Operating Income (USD)
Annual	$44,032
Annual Per SF	$13.76

Property Facts

Price	$1,080,000 USD	Apartment Style	Garden
Price Per Unit	$270,000 USD	Building Class	B
Sale Type	Investment	Lot Size	0.18 AC
Cap Rate	4.08%	Building Size	3,200 SF
Gross Rent Multiplier	15.38	No. Stories	1
No. Units	4	Year Built/Renovated	1980/2020
Property Type	Multifamily	Parking Ratio	2.5/1,000 SF
Property Subtype	Apartment Multifamily Dormitory

Price	$1,080,000 USD
Price Per Unit	$270,000 USD
Sale Type	Investment
Cap Rate	4.08%
Gross Rent Multiplier	15.38
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	B
Lot Size	0.18 AC
Building Size	3,200 SF
No. Stories	1
Year Built/Renovated	1980/2020
Parking Ratio	2.5/1,000 SF

Unit Amenities

Air Conditioning
Heating

Eat-in Kitchen

Refrigerator

Oven

Site Amenities

Courtyard

Gated

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+1	4	$1,475 USD	800

Links

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PROPERTY TAXES

Parcel Number	669-401-003	Total Assessment	$734,400 USD (2023)
Land Assessment	$183,600 USD (2023)	Annual Taxes	$14,177 USD ($4.43 USD/SF)
Improvements Assessment	$550,800 USD (2023)	Tax Year	2024