66338 2nd St St, Desert Hot Springs, CA 92240

Building Details

Year Built

1942

Listing agent Richard MacMillan Show Phone

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

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Desert Hot Springs

County

Riverside

State

California

Longitude

-116.5041981

Latitude

33.9635772

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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.