Willow Crest Townhome Apartments 65568 Acoma Avenue
Desert Hot Springs, CA 92240
For Sale
62,960 sqft
Sale Price
$13,500,000
Brochure
Property Website
Map
Multifamily For Sale
50 Unit Townhomes | Desert Hot Springs | 2009 Construction l $214 PSF at 6.22% CAP
Prime Condo Conversion Opportunity in a High-Growth Market: This 50-unit townhome community has the ability for condo conversion. Rare opportunity to purchase this building well below replacement costs at $214/SF.
Compelling Value-Add and Financial Fundamentals: Competitively priced at $270,000 per unit ($214 per RSF), the property offers a current cap rate of 6.22% with an immediate 11% rental increase opportunity to achieve market-leading rents.
Spacious Unit Mix with “Condo-Style” Appeal: Features a desirable composition of eight 1-Bedroom/1-Bathroom and forty-two 2-Bedroom/2.5-Bathroom townhomes, averaging a spacious 1,259 SF each to cater to high-demand renter profiles.
Modern Upgrades and Resort-Style Amenities: Units feature attached two-car garages, functional kitchens, and in-suite washers/dryers. Community amenities include a gated entry, swimming pool, spa, clubhouse, fitness center, and outdoor BBQ areas.
Exceptional Location Across from Key Community Landmarks: Located directly across from Desert Hot Springs High School, providing tenants with a premium location and unparalleled convenience to essential retail like Stater Bros., Vons, and Grocery Outlet.
Strong Growth Potential in a Well-Maintained Asset: Built in 2009, the property features durable Spanish tile roofs and a hybrid mix of lush green and low-maintenance desert landscaping, positioning the asset for stable cash flow and long-term appreciation with minimal capital expenditures.
Minutes from Major Regional Economic and Lifestyle Hubs: Direct access to the I-10 Freeway and Highway 111 provides quick commutes to the Palm Springs International Airport, Downtown Palm Springs, the new Amazon Fulfillment Center and the luxury retail of the El Paseo Shopping District.
Ideal Acquisition for Multiple Buyer Profiles: The stable, well-maintained nature of the property makes it a secure investment for a first-time purchaser, a seasoned institutional investor, or a buyer seeking a seamless 1031 exchange smooth 1031 exchange.
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955
CBRE, as the exclusive advisor, is pleased to present the exclusive investment opportunity for Willow Crest Townhome Apartments, a 50-unit multifamily community located in the high-growth market of Desert Hot Springs.
This well-located asset sits directly across from the Desert Hot Springs High School, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Stater Bros., Vons, Walgreens, Taco Bell, Burger King, and Grocery Outlet, all within a short drive. For regional access, tenants enjoy minutes-long commutes to the Desert Hills Premium Outlets, Palm Springs International Airport, Costco Wholesale in Palm Desert, and Downtown Palm Springs. The property’s proximity to the I-10 Freeway and Highway 111 allows for direct connection to other major cities within the Coachella Valley and acclaimed leisure spots, including Azure Palm Hot Springs Resort & Day Spa Oasis and Aqua Soleil Hotel & Mineral Water Spa. Furthermore, the community is within a short driving distance of the world-class shopping and luxury retail of El Paseo Shopping District, frequently referred to as the “Rodeo Drive of the Desert.
Property Highlights & Unit Details
Willow Crest Townhome Apartments represents a rare multifamily asset in the market, consisting of 50 two-story townhome units spanning a generous ±127,630 SF lot size with a ±62,960 SF building size. Built in 2009, the property features a spacious unit mix of eight 1-bedroom/1-bathroom and forty-two 2-bedroom/2.5-bathroom townhomes, averaging a generous 1,259 SF per unit. The community is secured by gated entry and offers a resort-style amenity package including a swimming pool, spa, clubhouse, and outdoor BBQ and seating areas. The architecture is defined by classic Spanish tile roofs and a professional hybrid of lush and low-water-use desert landscaping with decorative rock. Interior features are equally impressive, boasting attached two-car garages, individual porches, covered patios, and in-suite washers and dryers. The investment profile is further enhanced by high-quality interior finishes, including functional kitchens, upgraded bathrooms and kitchens and modern fixtures. Additional in-unit comforts include fireplaces, ceiling fans, vertical blinds, tile flooring, and central air and heating, complemented by a plethora of on-site surface parking for guests.
Investment Stability & Buyer Profile
This stable, well-maintained unit base provides immediate income security and remains a highly attractive offering for residents seeking quality housing in a convenient, well-established location. Whether for a first-time purchaser, a seasoned institutional investor, or a 1031 exchange buyer, Willow Crest Townhome Apartments offers long-term stability and an exceptional foothold in the thriving Riverside County submarket.
This well-located asset sits directly across from the Desert Hot Springs High School, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Stater Bros., Vons, Walgreens, Taco Bell, Burger King, and Grocery Outlet, all within a short drive. For regional access, tenants enjoy minutes-long commutes to the Desert Hills Premium Outlets, Palm Springs International Airport, Costco Wholesale in Palm Desert, and Downtown Palm Springs. The property’s proximity to the I-10 Freeway and Highway 111 allows for direct connection to other major cities within the Coachella Valley and acclaimed leisure spots, including Azure Palm Hot Springs Resort & Day Spa Oasis and Aqua Soleil Hotel & Mineral Water Spa. Furthermore, the community is within a short driving distance of the world-class shopping and luxury retail of El Paseo Shopping District, frequently referred to as the “Rodeo Drive of the Desert.
Property Highlights & Unit Details
Willow Crest Townhome Apartments represents a rare multifamily asset in the market, consisting of 50 two-story townhome units spanning a generous ±127,630 SF lot size with a ±62,960 SF building size. Built in 2009, the property features a spacious unit mix of eight 1-bedroom/1-bathroom and forty-two 2-bedroom/2.5-bathroom townhomes, averaging a generous 1,259 SF per unit. The community is secured by gated entry and offers a resort-style amenity package including a swimming pool, spa, clubhouse, and outdoor BBQ and seating areas. The architecture is defined by classic Spanish tile roofs and a professional hybrid of lush and low-water-use desert landscaping with decorative rock. Interior features are equally impressive, boasting attached two-car garages, individual porches, covered patios, and in-suite washers and dryers. The investment profile is further enhanced by high-quality interior finishes, including functional kitchens, upgraded bathrooms and kitchens and modern fixtures. Additional in-unit comforts include fireplaces, ceiling fans, vertical blinds, tile flooring, and central air and heating, complemented by a plethora of on-site surface parking for guests.
Investment Stability & Buyer Profile
This stable, well-maintained unit base provides immediate income security and remains a highly attractive offering for residents seeking quality housing in a convenient, well-established location. Whether for a first-time purchaser, a seasoned institutional investor, or a 1031 exchange buyer, Willow Crest Townhome Apartments offers long-term stability and an exceptional foothold in the thriving Riverside County submarket.
Riverside County, California, is the fourth largest county in California and the tenth largest in the United States. It covers more than 7,300 square miles and is home to 2.4 million residents. Riverside County was created in 1893 from parts of San Diego and San Bernardino counties. The county’s name comes from the City of Riverside, which was named in 1871. To the east lies the vibrant Coachella Valley, home to Desert Hot Springs, a city renowned as a world-class wellness destination and the "spa city" of the desert.
Desert Hot Springs spans 30 square miles and serves as a strategic gateway between the Coachella Valley and the high desert leading to Joshua Tree National Park. Known for its "Healing Oasis," it features a unique collection of boutique spa resorts sitting atop a world-famous natural mineral water aquifer. Together, these regions form a hub of activity across Riverside County, located roughly 100 miles east of downtown Los Angeles. While Riverside is celebrated as the "City of Arts and Innovation," Desert Hot Springs is gaining recognition for its rapid growth, housing 34,000 residents and offering natural landmarks like the Mission Creek Preserve and Cabot’s Pueblo Museum.
The Inland Empire and Coachella Valley feature a network of innovation centers that drive investment and job growth. Riverside has experienced $1.5 billion in private investment in the past five years, while Desert Hot Springs has become a primary engine for the region's hospitality and renewable energy expansion. As a key player in the Coachella Valley’s $9 billion tourism economy, Desert Hot Springs has attracted significant investment in specialized wellness resorts and green energy initiatives, cementing its status as a vital health and sustainability hub.
Both cities offer a more affordable alternative to major coastal hubs like Los Angeles. In Desert Hot Springs, the local economy is buoyed by a flourishing health-and-wellness sector, with city initiatives focused on small business incentives and infrastructure. To support this growth, the region is benefiting from major infrastructure improvements across Riverside County, including the expansion of the Palm Springs International Airport to enhance global connectivity. This collaborative economic environment across the Riverside-Coachella Valley corridor makes the region a premier choice for entrepreneurs and businesses looking for a resilient, business-friendly climate in Southern California.
Recreation & entertainment
Anchored by two historic performing arts centers, downtown Riverside offers the best in nightlife and entertainment, including the famed Festival of Lights. Complementing Riverside’s urban cultural scene, Desert Hot Springs offers premier wellness and outdoor recreation. It is home to some of the purest natural hot and cold mineral springs in the world and provides extensive hiking trails that showcase the Coachella Valley’s rugged beauty. Between Riverside’s lively restaurant scene and the tranquil "spa city" appeal of Desert Hot Springs, the area offers a diverse quality of life that caters to both urban energy and restorative desert tranquility.
Desert Hot Springs spans 30 square miles and serves as a strategic gateway between the Coachella Valley and the high desert leading to Joshua Tree National Park. Known for its "Healing Oasis," it features a unique collection of boutique spa resorts sitting atop a world-famous natural mineral water aquifer. Together, these regions form a hub of activity across Riverside County, located roughly 100 miles east of downtown Los Angeles. While Riverside is celebrated as the "City of Arts and Innovation," Desert Hot Springs is gaining recognition for its rapid growth, housing 34,000 residents and offering natural landmarks like the Mission Creek Preserve and Cabot’s Pueblo Museum.
The Inland Empire and Coachella Valley feature a network of innovation centers that drive investment and job growth. Riverside has experienced $1.5 billion in private investment in the past five years, while Desert Hot Springs has become a primary engine for the region's hospitality and renewable energy expansion. As a key player in the Coachella Valley’s $9 billion tourism economy, Desert Hot Springs has attracted significant investment in specialized wellness resorts and green energy initiatives, cementing its status as a vital health and sustainability hub.
Both cities offer a more affordable alternative to major coastal hubs like Los Angeles. In Desert Hot Springs, the local economy is buoyed by a flourishing health-and-wellness sector, with city initiatives focused on small business incentives and infrastructure. To support this growth, the region is benefiting from major infrastructure improvements across Riverside County, including the expansion of the Palm Springs International Airport to enhance global connectivity. This collaborative economic environment across the Riverside-Coachella Valley corridor makes the region a premier choice for entrepreneurs and businesses looking for a resilient, business-friendly climate in Southern California.
Recreation & entertainment
Anchored by two historic performing arts centers, downtown Riverside offers the best in nightlife and entertainment, including the famed Festival of Lights. Complementing Riverside’s urban cultural scene, Desert Hot Springs offers premier wellness and outdoor recreation. It is home to some of the purest natural hot and cold mineral springs in the world and provides extensive hiking trails that showcase the Coachella Valley’s rugged beauty. Between Riverside’s lively restaurant scene and the tranquil "spa city" appeal of Desert Hot Springs, the area offers a diverse quality of life that caters to both urban energy and restorative desert tranquility.
Total Space Available
62,960 sqft
Sale Price
$13,500,000
Place
Desert Hot Springs High School
School
0.4 miles
1 min.
/drive
Downtown Palm Springs
Retail & Shops
11.2 miles
15 min.
/drive
Airport
Palm Springs Airport
11.1 miles
20 min.
/drive
Ontario International Airport
68.6 miles
77 min.
/drive
Highway
10 Freeway
6.8 miles
11 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955