Duplex with Detached
For Sale
$345,000
66116 Buena Vista Ave, Desert Hot Springs, CA 92240
Two 1-bed, 1-bath units with separate utility meters and a detached 20x20 garage, suited for owner-occupant or rental use.
Property Size1,268 SF
Price / SF$272.08
Days on Market144
Property Features for 66116 Buena Vista Ave
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Year Built
1946
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Desert Sands Realty
Listed By:
Veronica Morin · License #01728702
(760) 771-7550
Source:
Elliman
Added: Jun 14
Changed: Oct 25
Last Checked: Nov 4 at 1:58PM
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 Desert Sands Realty
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Investment Insights
Based on property information with market context.
This duplex provides two separate 1-bedroom, 1-bath units, each with its own utility metering (2 meters). The front unit is approximately 530 square feet and includes an enclosed patio and a chimney. The rear unit is approximately 738 square feet and has been remodeled. A 20x20 detached garage adds flexible on-site storage or parking capacity. The seller reports roof maintenance and upgrades including new electric and new wiring from the structure to the garage, as well as permits previously obtained with approximately $22,000 paid in connection with those improvements.
The property is located on Buena Vista Ave in Desert Hot Springs, offering a straightforward setup for tenants and owner-occupants who want the option to live in one unit while renting the other. The community’s Walk Score, Bike Score, and Transit Score indicate a primarily car-dependent lifestyle with limited walkability and modest transit support.
For tenants or buyers, the duplex configuration can support multiple household needs while keeping operations simple with two self-contained units and separate meters. The combination of a remodeled rear unit and the reported electrical work may appeal to buyers seeking a duplex they can begin using immediately, with an opportunity to capture rental income from one or both sides. The seller also notes possible rent of $1,500 to $1,600 per unit.
The property is located on Buena Vista Ave in Desert Hot Springs, offering a straightforward setup for tenants and owner-occupants who want the option to live in one unit while renting the other. The community’s Walk Score, Bike Score, and Transit Score indicate a primarily car-dependent lifestyle with limited walkability and modest transit support.
For tenants or buyers, the duplex configuration can support multiple household needs while keeping operations simple with two self-contained units and separate meters. The combination of a remodeled rear unit and the reported electrical work may appeal to buyers seeking a duplex they can begin using immediately, with an opportunity to capture rental income from one or both sides. The seller also notes possible rent of $1,500 to $1,600 per unit.
Key Highlights
- Duplex built in 1946 with two 1 bed, 1 bath units—front and rear
- Front unit is approx. 530 SF with an enclosed patio and chimney
- Rear unit is approx. 738 SF and has been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,279
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,580
$445.6K
Cap Rate 7%
$318,271
$318.3K
Cap Rate 9%
$247,544
$247.5K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$32.4K $25.56/SF
− Vacancy
−$583 −$0.46/SF
EGI
$31.8K $25.10/SF
− OpEx
−$9.5K −$7.53/SF
NOI
$22.3K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,580
Cap Rate 7%
$318,271
Cap Rate 9%
$247,544
Alternative Uses
Best Use
Multifamily LT 5
$318.3K
$278.5K – $371.3K
NOI $22,279 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,524 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,591 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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Business Placement
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two 1-bed, 1-bath units with separate utility meters and a detached 20x20 garage, suited for owner-occupant or rental use.
Where is this duplex located?
The property is located at 66116 Buena Vista Ave Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex built in 1946 with two 1 bed, 1 bath units—front and rear; Front unit is approx. 530 SF with an enclosed patio and chimney; Rear unit is approx. 738 SF and has been remodeled
