RealKey
‪(213) 433-7766‬

12700 Parma, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - bed, bath

12700 Parma, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$530,000
12700 Parma, Desert Hot Springs, California 92240
0Bed
0Bath
2,336Sqft
8,712Lot
Year Built
1972
Close
-
List price
$530K
Original List price
$550K
Price/Sqft
$227
HOA
-
Days on market
-
Sold On
-
MLS number
IV25255366
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 4 Cons,5 Pros.

Le Investment Group is pleased to present a three-property multifamily portfolio totaling nine (9) units in Desert Hot Springs, CA. The portfolio includes 12700 Parma Drive, 68040 Club Circle Drive, and 66671 3rd Street, all situated within well-maintained neighborhoods, two of which lie in the city’s desirable Spa Zone. Each property is priced at $530,000 and features a consistent mix of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, offering functional layouts, carport parking, and strong in-place income. Current cap rates are 6.25% (Parma), 7.48% (Club Circle), and 9.01% (3rd Street). These triplexes are offered individually or together, providing flexibility for investors seeking either residential financing advantages or portfolio-scale stability and cash flow. (PLEASE REACH OUT TO LE INVESTMENT GROUP FOR FURTHER INFORMATION ON EACH OF THE THREE TRIPLEXES)

Price History

Date
Event
Price
11/19/25
Price Change
$530,000-3.6%
11/06/25
Listing
$550,000
07/25/25
Sold
$1,350,000
05/24/99
Sold
$74,000
Condition Rating
Fair
The property was built in 1972, making it over 50 years old. While the exterior appears maintained, there are no interior photos or renovation history provided to assess the condition of kitchens, bathrooms, or other internal features. Given its age and status as an income-generating triplex, it's highly probable that interior components are functional but outdated, requiring significant updates and capital expenditures for modernization and system replacements, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Investment Portfolio Flexibility: The property is offered individually or as part of a larger 9-unit multifamily portfolio, providing diverse options for various investor strategies and financing approaches.
Solid Cap Rate & Income: This specific triplex (Parma) boasts a 6.25% cap rate with strong in-place income, indicating a healthy and immediate return on investment.
Functional Unit Layouts: A consistent mix of two 1-bedroom/1-bath and one 2-bedroom/1-bath units caters to diverse tenant needs, promoting steady occupancy and rental income.
Desirable Neighborhood & Spa Zone Proximity: Located in a well-maintained neighborhood, with potential proximity to Desert Hot Springs' desirable Spa Zone, enhancing tenant appeal and property value.
Carport Parking Included: The provision of carport parking offers a valuable and convenient amenity for tenants, adding to the property's attractiveness and functionality.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-25. The sold price is $1,350,000.00.
Property Age: Built in 1972, the property is over 50 years old, which may necessitate future capital expenditures for updates, system replacements, or deferred maintenance.
Limited Individual Property Details: The description is generalized for the entire portfolio, lacking specific interior condition, renovation history, or detailed photos for 12700 Parma, requiring extensive further due diligence.
MLS Area Undefined: The MLS area being '699 - Not Defined' could complicate precise market analysis and understanding specific local regulations or comparable properties.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state