Duplex with Detached
For Sale
$345,000
66116 Buena Vista Avenue, Desert Hot Springs, CA 92240
Residential Income, Desert Hot Springs, CA
Property Size1,250 SF
Lot Size0.15 Acres
Price / SF$276
Days on Market95
Property Features for 66116 Buena Vista Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
7
Parking features
Assigned, Driveway, On Street
Interior features
Vaulted Ceiling(s), Cathedral Ceiling(s)
Fireplace
1
Subdivision
340 - Desert Hot Springs
Standard status
Active
APN
641022038
Size
1,250 SF
Lot size
0.15 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
enclosed patio
chimney
detached garage
Building Details
Year built
1946
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet
Listing Agency:
Desert Sands Realty
(760) 636-5280
Listed By:
Veronica Morin · License #01728702
(760) 771-7550
Added: Jun 8
Changed: Sep 8
Last Checked: Sep 10 at 4:06AM
MLS# 219148999
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,250-square-foot duplex contains two one-bedroom, one-bath residences. The rear unit has been remodeled, while the front residence includes an enclosed patio and fireplace. Interior finishes include laminate and carpet flooring, vaulted or cathedral ceilings, electric heating, and window or wall/window cooling units. The property also includes a 20-by-20-foot detached garage, driveway and assigned parking, plus on-street parking.
Located at 66116 Buena Vista Avenue in Desert Hot Springs, the property occupies 0.15 acres and was built in 1946. Separate electric meters serve the units. Electrical improvements include new wiring from the structure to the garage, and the roof has been maintained. The property is within Riverside County and uses the 92240 postal code.
Located at 66116 Buena Vista Avenue in Desert Hot Springs, the property occupies 0.15 acres and was built in 1946. Separate electric meters serve the units. Electrical improvements include new wiring from the structure to the garage, and the roof has been maintained. The property is within Riverside County and uses the 92240 postal code.
Key Highlights
- Two 1‑bedroom, 1‑bath units
- 1,250 square feet on 0.15 acres
- Rear unit has been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,962
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,240
$439.2K
Cap Rate 7%
$313,743
$313.7K
Cap Rate 9%
$244,022
$244.0K
Market Conditions
NOI Build-Up for 1,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $25.56/SF
− Vacancy
−$575 −$0.46/SF
EGI
$31.4K $25.10/SF
− OpEx
−$9.4K −$7.53/SF
NOI
$22.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,240
Cap Rate 7%
$313,743
Cap Rate 9%
$244,022
Alternative Uses
Best Use
Multifamily LT 5
$313.7K
$274.5K – $366.0K
NOI $21,962 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$374.5K
$327.7K – $436.9K
NOI $26,214 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units with separate electric meters, a detached garage, and updated rear-unit interiors.
Where is this duplex located?
The property is located at 66116 Buena Vista Avenue 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: Two 1‑bedroom, 1‑bath units; 1,250 square feet on 0.15 acres; Rear unit has been remodeled
