3
Baths
2,336 Sq. Ft.
$218 / Sq. Ft.
2,336
Sq. Ft.
$218
per Sq. Ft.

Description

Le Investment Group is pleased to present this two-property multifamily portfolio totaling six (6) units in Desert Hot Springs, CA. The portfolio includes 12700 Parma Drive and 68040 Club Circle Drive, all situated within well-maintained neighborhoods, 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...Le Investment Group is pleased to present this two-property multifamily portfolio totaling six (6) units in Desert Hot Springs, CA. The portfolio includes 12700 Parma Drive and 68040 Club Circle Drive, all situated within well-maintained neighborhoods, 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) and 7.48% (Club Circle). 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)

Property Details for 12700 Parma Drive

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2336
Assessor Parcel Number
642-093-004
Property Attached YN
true
LISTING UPDATED: 02/26/2026 07:50 AM

Property Details for 12700 Parma Drive

StatusClosed
MLS #IV25255366
Days on Market76
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.20 AC / 8,712 SF
CountyRiverside County

Location

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313

Sold By Top Producers Realty Partners, Vanessa O'Neill, DRE #01499193

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Building Information for 12700 Parma Drive

Stories1Residences-Year Built1972Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,628 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,486

Property Taxes

$142

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property Information for 12700 Parma Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $47,316
  • Gross Scheduled Income: $47,316
  • Vacancy Allowance: 1419
  • Gross Operating Income: $45,897
  • Net Operating Income: $33,112
  • Gross Multiplier: 11.2
  • Cap Rate: 6.25
  • Financing: Conventional
Expense Details
  • Operating Expense: $12,785
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $12,785
Tax / Assessment Info
  • Tax Tract Number: 0000
  • CFD/Mello-Roos Fee: $348
  • Tax Lot: 486
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 644071014,639283004
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,678
  • Unit Type Total Rent: $2,679
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,265
  • Unit Type Total Rent: $1,265
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 12700 Parma Drive

DateEvent & SourcePriceAppreciation
Feb 25, 2026

Sold

CLAW #IV25255366MR

$510,000
Feb 25, 2026

Sold

CRMLS #IV25255366

$510,000
Feb 25, 2026

Sold

SDMLS #IV25255366

$510,000
Feb 23, 2026

Pending

CRMLS #IV25255366

Jan 21, 2026

Pending

SDMLS #IV25255366

Jan 21, 2026

Pending

CLAW #IV25255366MR

Jan 21, 2026

Accepting Backup Offers

SDMLS #IV25255366

Jan 21, 2026

Accepting Backup Offers

CLAW #IV25255366MR

$530,000
Jan 21, 2026

Accepting Backup Offers

CRMLS #IV25255366

Nov 19, 2025

Price Change

CLAW #IV25255366MR

$530,000
Nov 19, 2025

Price Change

CRMLS #IV25255366

$530,000
Nov 18, 2025

Price Change

SDMLS #IV25255366

$530,000
Nov 6, 2025

Listed (Active)

CRMLS #IV25255366

$550,000
Oct 16, 2025

Listed (Active)

SDMLS #IV25255366

$550,000
Oct 16, 2025

Listed (Active)

CLAW #IV25255366MR

$550,000
May 21, 1999

Sold

CARETS #4802750

$77,000
Feb 15, 1999

Pending

CARETS #4802750

Aug 31, 1998

Listed (Active)

CARETS #4802750

$79,900
DateEvent & SourcePrice
02/25/2026

Sold

CLAW #IV25255366MR

$510,000
02/25/2026

Sold

CRMLS #IV25255366

$510,000
02/25/2026

Sold

SDMLS #IV25255366

$510,000
02/23/2026

Pending

CRMLS #IV25255366

01/21/2026

Pending

SDMLS #IV25255366

01/21/2026

Pending

CLAW #IV25255366MR

01/21/2026

Accepting Backup Offers

SDMLS #IV25255366

01/21/2026

Accepting Backup Offers

CLAW #IV25255366MR

$530,000
01/21/2026

Accepting Backup Offers

CRMLS #IV25255366

11/19/2025

Price Change

CLAW #IV25255366MR

$530,000
11/19/2025

Price Change

CRMLS #IV25255366

$530,000
11/18/2025

Price Change

SDMLS #IV25255366

$530,000
11/06/2025

Listed (Active)

CRMLS #IV25255366

$550,000
10/16/2025

Listed (Active)

SDMLS #IV25255366

$550,000
10/16/2025

Listed (Active)

CLAW #IV25255366MR

$550,000
05/21/1999

Sold

CARETS #4802750

$77,000
02/15/1999

Pending

CARETS #4802750

08/31/1998

Listed (Active)

CARETS #4802750

$79,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12700 Parma Drive

Taxable ValueLand$12,521Additions$103,452Total$115,973
Tax Record2025$1,701 ($142 / month)
Home Facts
Baths3Total Finished SqFt2,336 SqFtAbove Grade Finished SqFt2,336 SqFtStories1Lot Size8,712 SqFtStyleTriplexYear Built1972ZoningR4CountyRIVERSIDEAPN642-093-004Fireplace TypeHas Fireplace

Schools near 12700 Parma Drive

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cabot Yerxa Elementary School
PublicK to 5

Desert Springs Middle School
Public6 to 8

Desert Hot Springs High School
Public9 to 12

Bella Vista Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.