Updated Income Property
66338 2nd St St Desert Hot Springs, CA 92240
For Sale
$446,000
Fully occupied Desert Hot Springs triplex with updated units.
Days on Market97
Property Features for 66338 2nd St St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1942
Listing Agency:
(760) 574-2299
Listed By:
Richard MacMillan
(760) 574-2299
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 10:18AM
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
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
Current Use
Frequently Asked Questions
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.
