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66665 1st Street

Desert Hot Springs, CA 92240
  • $699,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 219070191
UPDATED: 40 min ago
$699,000
  • 5
    BEDS
  • 0.31
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $350
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 4.92% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs.

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©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2021-12-01T07:35:08.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.haciendagroupinc.com/homes/123213490
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66665 1st Street Desert Hot Springs, CA 92240

  • Price: $699,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 40 min ago
  • MLS #: 219070191
5
Beds
5
Baths
0
½ Baths
0.31
Acres
2,000
SQFT
$350
$/SQFT
1962
Built
Neighborhood:
Not Applicable
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 4.92% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs.
Exterior Features

Entry Location Ground Level - No Steps Exterior Construction Stucco Foundation Slab Gated Community No Levels GroundGround LevelNo Unit AboveOne Parking Side By SideUnassigned Patio Features Concrete Slab Property Sub Type Quadruplex Roofing Foam Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 4.00 Total Uncovered Assigned Spaces 4.00 View No Window Treatments Blinds

Interior Features

Appliances DishwasherElectric RangeGas RangeRefrigerator Bathroom Features Remodeled Bedroom Features All Bedrooms DownMain Floor BedroomMain Floor Master Bedroom Cooling Type Air ConditioningCeiling Fan(S)Central AirElectricOther Fireplace No Flooring Ceramic Tile Heating CentralOther Heating Fuel Electric Kitchen Features Formica CountersRemodeledTile Counters Rooms Other Total Fireplaces 1

Property Features

Elevator No Gross Annual Income Amount 56796.00 Gross Income Amount 56796.00 Land Type Fee Simple Laundry Yes Laundry Equipment Own Laundry Location CommunityIndividual Room Listing Terms CashConventional Lot Description 2 - 4 Lots Lot Location Corner Lot Monthly Gross Income Amount 4733.00 Operating Expenses Amount 12400.00 Owner Pays ElectricityGardenerPool ServiceTrash CollectionWater Pool Yes Pool Accessories Safety FenceSafety Gate Pool Construction GuniteIn Ground Pool Description GuniteIn GroundNot Heated Pool Location Private Property Attached Detached No Sale Type Standard Security Safety Other Senior Community No Sewer InConnected And Paid Spa Hot Tub No Tax Mello Roos Unknown Tax Rate Percent 1.20 Total Annual Operating Expenses Amount 12400.00 Total Taxes Amount 8388.00 Tv Services Cable Tv Water Water District Water District Name Mission Springs Water District Water Heater Yes Water Heater Feature Gas

Listing information © 2021 California Desert Association of Realtors.
Listing provided courtesy of Doug Fischer of Coldwell Banker Realty.
©2021 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Agency Inc. Based on information from the California Desert Association of Realtors as of 2021-12-01T07:35:08.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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77935 Calle Tampico # 201
La Quinta CA, 92253