66338 2nd St St Desert Hot Springs, CA 92240
New
- Added:
- Apr 24, 2026
- Days on Market:
- 5
- Last Refresh:
- Apr 24 at 4:22 pm
Property Features for 66338 2nd St St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1942
Listing agent Richard MacMillan (760) 574-2299
Listing office (760) 574-2299
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Richard MacMillan
Overview
Updated Income Property Opportunity
This income property, located in Desert Hot Springs, presents an investment opportunity. The property is fully occupied and features market-rate rents. Recent improvements include two updated units and fresh exterior paint on both buildings. The property consists of three units, each with one bedroom and one bathroom. Unit A is rented for $1350 monthly, while Units B and C are each rented for $1150 monthly. The total 2025 revenue is projected to be $32,634.00, with general expenses of $14,687.98 and property taxes of $5110.00. Renovations cost $6577.49. The pro forma 2026 revenue is projected to be $43,800.00, with expenses of $15140.00 and property taxes of $5575.00. The cap rate is 5.18%, and the price per unit is $148,667. The property is ideally located near downtown Desert Hot Springs, providing tenants with convenient access to schools, shopping, freeways, and community amenities. The location is somewhat bikeable with a score of 34 and somewhat walkable with a score of 54. The transit score is 33, indicating some transit options are available. This property offers immediate cash flow with upside potential in a growing market.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Desert Hot Springs
- County
- Riverside
- State
- California
- Longitude
- -116.5041981
- Latitude
- 33.9635772
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied Desert Hot Springs triplex with updated units.
Where is this triplex located?
The property is located at 66338 2nd St St Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $446,000.
What are key features of this property?
This property features: Fully occupied income property with market‑rate rents, providing immediate cash flow.; Updated units and fresh exterior paint enhance property value and appeal.; Located in Desert Hot Springs, benefiting from strong rental demand in the growing Coachella Valley.
