5 Units on Larrea South Palm Desert

Just closed escrow on 5 fabulous units in South Palm Desert.   These units were in great condition, older with lots of charm.  Beautiful courtyard and the new owner from Los Angeles is very satisfied with these units.

Cap rate was a 4 which may seem low, however this is the going rate for quality units in the Coachella Valley in a storng rental area.    Multi-Family in Palm Desert remains a very strong investment for long term investors.   Where else can you earn 4% solid on your investment with future appreciation also possible?     Multi-Family units in the Coachella Valley are still selling for under replacement cost.   

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca (http://www.buttecollegesbdc.com) along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.