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$510,000

  • Sold
  • Closed
  • Multi-Family
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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)

Full Property Details for 12700 Parma

General

  • Sold For: $510,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: IV25255366
  • Added to Site: 150 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 699 - Not Defined
  • County: Riverside
  • Development Name: 699 - Not Defined
  • Driving Directions: Please refer to maps for each of the properties.

Heating & Cooling

  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Entry Location: Floor
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,336
  • Year Built: 1972

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $218.32
  • Price Per Unit: 176667

Listed by Le Investment Group, ALBERT LE
Sold by Top Producers Realty Partners, Vanessa O'Neill

Listing agent

— 12700 Parma —

  • ALBERT LE

    Le Investment Group

909-256-7889

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 12700 Parma

School District:Palm Springs Unified School District
NameGradesDistance
Cabot Yerxa Elementary School
67067 Desert View Avenue, Desert Hot Springs, CA 92240
K-50.2 mi
Desert Springs Middle School
66-755 Two Bunch Palms Trail, Desert Hot Springs, CA 92240
6-81 mi
Desert Hot Springs High School
65850 Pierson Boulevard, Desert Hot Springs, CA 92240
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12700 Parma

Date
Details
Price
Change
Source
2/25/2026
Sold
$510,000
-3.77%
MLS
11/19/2025
Price Reduced
$530,000
-3.64%
MLS
11/06/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Le Investment Group, ALBERT LE
Sold by Top Producers Realty Partners, Vanessa O'Neill

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12700 Parma, Desert Hot Springs, CA 92240 (MLS# IV25255366) is a Multi-Family property that was sold at $510,000 on February 25, 2026. Want to learn more about 12700 Parma? Do you have questions about finding other Multi-Family real estate for sale in Desert Hot Springs? You can browse all Desert Hot Springs real estate or contact a Coldwell Banker agent to request more information.