66338 2nd St St Desert Hot Springs, CA 92240

Building Details

Year Built

1942

Listing office r***@yahoo.com Show Phone

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

Report an issue

---

Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,650,000

  5,328 SF

  Prime Corner Retail Building

  5,328 SF building on a prime corner lot.

  11940 Palm Drive, Desert Hot Springs, CA 92240

  View Details
• 

  $598,000

  2,400 SF

  Desert Hot Springs Commercial Building

  Two-story commercial building in central location with parking.

  66595 Pierson Boulevard, Desert Hot Springs, CA 92240

  View Details
• 

  $345,000

  1,250 SF

  Two-Unit Duplex with Detached Garage

  Duplex offers two 1-bedroom, 1-bath units with separate meters and a 20x20 detached garage.

  66116 Buena Vista Avenue, Desert Hot Springs, CA 92240

  View Details
• 

  $350,000

  Office Building with 7 Offices

  A multi-office office building with on-site parking and strong street presence along a key Desert Hot Springs corridor.

  66337 Pierson, Desert Hot Springs, CA 92240

  View Details
• 

  $5,950,000

  45,553 SF

  Turnkey Cannabis Facility For Sale

  45,553 SF licensed cannabis facility on 8.14 acres.

  13300 Little Morongo Road, Desert Hot Springs, CA 92240

  View Details
• 

  $569,000

  Quadplex with R4 Zoning

  Residential income quadplex offered for sale on a small 0.18-acre lot in Desert Hot Springs, California.

  12750 MIRACLE HILL Road, Desert Hot Springs, CA 92240

  View Details
• 

  $389,000

  Small Multi-Family Property

  For sale small multi-family asset on a compact lot in Desert Hot Springs, California.

  66385 Cahuilla, Desert Hot Springs, CA 92240

  View Details
• 

  $699,000

  3,000 SF

  Restaurant-Ready Commercial Property

  Restaurant-ready buildout with an installed kitchen system and dedicated dining, suited for owner-users or hospitality concepts.

  12070 Palm Drive, Desert Hot Springs, CA 92240

  View Details
• 

  $3,150,000

  19,634 SF

  Industrial Warehouse with Expansion Land

  Industrial warehouse on a corner lot with expansion potential.

  65311 San Jacinto, Desert Hot Springs, CA 92240

  View Details
• 

  $1,495,000

  5,486 SF

  Mixed-Use Property in Downtown

  Multi-use property with retail, office, and residential spaces.

  12106 Palm Dr, Desert Hot Springs, CA 92240

  View Details
• 

  $1,390,000

  Freestanding Automotive Service Facility

  High-traffic location with stable tenant in Desert Hot Springs.

  14010 Palm Dr, Desert Hot Springs, CA 92240

  View Details
• 

  $598,000

  2,400 SF

  Desert Hot Springs Commercial Building

  Two-story commercial building in a prime, central location.

  66595 Pierson Blvd, Desert Hot Springs, CA 92240

  View Details

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.