66012 5th ST, Desert Hot Springs, CA 92240
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66012 5th ST, Desert Hot Springs, CA 92240
66012 5th ST, Desert Hot Springs, CA 92240
66012 5th ST, Desert Hot Springs, CA 92240
66012 5th ST, Desert Hot Springs, CA 92240
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Brad Schmett

Brad Schmett

+1(760) 880-5845
$ 539,900
Est. payment /mo
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66012 5th ST Desert Hot Springs, CA 92240

5 Beds

4 Baths

2,384 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,384 sqft

Price per Sqft $226

MLS Listing ID SW26093702

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1954

Lot Size 7,840 Sqft

Property Sub-Type Triplex

Property Description

Versatile 3 Unit Property in Desert Hot Springs – Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. — putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done — the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley — putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategy…House-hack it; Hold it; Scale from it! The flexibility here is real.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Rooms

Main Level Bedrooms 5

Interior

Heating See Remarks

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Triplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Palm Springs Unified

Others

Senior Community No

Tax ID 639191026

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Theresa DiCiolla Allison James Estates & Homes 951-285-9969, DRE #01858144
Brad Schmett

Brad Schmett

CEO / President | License ID: 01275226

+1(760) 880-5845

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66012 5th ST