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$595,000

Est. payment - /mo

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5 Beds

5 Baths

2,000 SqFt

New

66665 1st ST Desert Hot Springs, CA 92240

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Gwendolyn Thomas

gwen@gwenthomasrealtor.com +1(702) 265-5005

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $297

MLS Listing ID 219140995PS

Style Contemporary

Bedrooms 5

Full Baths 4

Three Quarter Bath 1

Year Built 1962

Lot Size 0.310 Acres

Property Sub-Type Multi-Family

Property Description

A smart investment with built-in income and room to grow, this centrally located Desert Hot Springs four-plex offers flexibility, steady cash flow, and the potential to add even more value over time.The property features three studio units currently operating as Airbnb rentals, each generating approximately $1,200 per month, along with a two-bedroom, two-bath unit leased as a long-term rental. This balanced unit mix allows for multiple income options while providing immediate returns.Amenities include a fenced pool, a separate lounging area for outdoor relaxation, and on-site parking designated for tenants. The layout supports both short-term and long-term occupancy, making the property appealing to a broad range of renters.Adding significant value is the adjacent lot, which is included in the sale and part of the same parcel as the four-plex. The lot cannot be sold separately. The City of Desert Hot Springs has indicated it would be approved for permits for either an ADU or a duplex featuring two-bedroom, two-bath units and a two-car garage, offering a clear opportunity to expand the property and increase rental income over time.Conveniently located near downtown Desert Hot Springs with easy access to main roads, shopping, and everyday essentials, this property offers a compelling opportunity for investors seeking income today with the ability to grow tomorrow.

Location

State CA

County Riverside

Area Desert Hot Springs

Interior

Heating Baseboard

Cooling Ceiling Fan, Wall/Window

Flooring Tile

Equipment Ceiling Fan, Refrigerator

Laundry Community, Laundry Area

Exterior

Parking Features On street, Side By Side, Unassigned

Garage Spaces 4.0

Pool Community, Fenced, Gunite, In Ground, Safety Fence

Community Features Community Mailbox

View Y/N Yes

View City Lights, Mountains

Roof Type Foam

Building

Lot Description Lot-Level/Flat

Story 1

Sewer In Connected and Paid

Water In Street

Architectural Style Contemporary

Level or Stories Ground Level

Structure Type Stucco

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Realty Trust

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Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

66665 1st ST Desert Hot Springs, CA 92240

Gwendolyn Thomas

Key Details

Location

Interior

Exterior

Building

Others

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66665 1st ST