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$ 446,000
Est. payment /mo
Active
66338 2nd St ST Desert Hot Springs, CA 92240
3 Beds
3 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $297
MLS Listing ID 219142976
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1942
Lot Size 6,534 Sqft
Property Description
Income Property in Desert Hot Springs - Fully Occupied & Updated
Excellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.
The property consists of three units:
Unit A: 1-bedroom, 1-bath.
Unit B: 1-bedroom, 1-bath.
Unit C: 1-bedroom, 1-bath.
With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.
Unit A - $1350 Monthly,
Unit B - $1150 Monthly,
Unit C - $1150 Monthly,
Total 2025 Revenue $32,634.00.
2025 General Expenses $14,687.98.
2025 Prop Taxes $5110.00.
Renovations - 6577.49.
Proforma 2026 Revenue $43,800.00.
Pro forma Expenses $15140.00.
Pro forma Prop Taxes $5575.00.
Cap rate of 5.18%.
Price Per unit - $148,667 .
A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Excellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.
The property consists of three units:
Unit A: 1-bedroom, 1-bath.
Unit B: 1-bedroom, 1-bath.
Unit C: 1-bedroom, 1-bath.
With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.
Unit A - $1350 Monthly,
Unit B - $1150 Monthly,
Unit C - $1150 Monthly,
Total 2025 Revenue $32,634.00.
2025 General Expenses $14,687.98.
2025 Prop Taxes $5110.00.
Renovations - 6577.49.
Proforma 2026 Revenue $43,800.00.
Pro forma Expenses $15140.00.
Pro forma Prop Taxes $5575.00.
Cap rate of 5.18%.
Price Per unit - $148,667 .
A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
View Y/N false
Private Pool No
Building
Story 1
Entry Level One
Sewer In Street Paid
Level or Stories One
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by HomeSmart