Duplex with Detached
For Sale
$259,000
66553 Estrella Avenue, Desert Hot Springs, CA 92240
Two separately fenced residences offer flexible occupancy options, private outdoor areas, and substantial parking capacity.
Property Size1,355 SF
Price / SF$191.14
Days on Market68
Property Features for 66553 Estrella Avenue
General Information
Standard status
Active
Size
1,355 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x studio
Multifamily Units
2
Additional Details
Gross Income
$22,344
Utilities to Site
Yes
Building Details
Year Built
1965
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Christopher Townson · License #d86901
(888) 584-9427
Source:
Kwcoachellavalley
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 12 at 5:08PM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 1965, this duplex includes a 2-bedroom, 2-bathroom main residence of approximately 1,055 square feet and a detached studio of approximately 300 square feet. The main unit features tile flooring, carpeted bedrooms, a primary suite with attached bath, and a large fenced backyard. The studio has Spanish tile, a ceiling fan, a full tub and shower combination, and a covered private patio adjoining its own fenced yard.
The property at 66553 Estrella Ave in Desert Hot Springs is positioned half a block east of Palm Drive and approximately four blocks from Hacienda Palms Shopping Center. Parking includes an attached one-car garage and two off-street spaces serving the front residence. The rear unit has alley-access parking for up to four cars or recreational vehicles measuring up to 30 feet. Both residences are occupied under month-to-month agreements, with the front tenant in place since 2019 and the studio tenant since 2017.
The property at 66553 Estrella Ave in Desert Hot Springs is positioned half a block east of Palm Drive and approximately four blocks from Hacienda Palms Shopping Center. Parking includes an attached one-car garage and two off-street spaces serving the front residence. The rear unit has alley-access parking for up to four cars or recreational vehicles measuring up to 30 feet. Both residences are occupied under month-to-month agreements, with the front tenant in place since 2019 and the studio tenant since 2017.
Key Highlights
- Two‑unit layout with a 1,055‑square‑foot main residence and approximately 300‑square‑foot detached studio
- Main residence includes 2 bedrooms, 2 bathrooms, primary suite, tile flooring, and fenced backyard
- Detached studio offers Spanish tile, full tub/shower, covered patio, and separate fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,807
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,140
$476.1K
Cap Rate 7%
$340,100
$340.1K
Cap Rate 9%
$264,522
$264.5K
Market Conditions
NOI Build-Up for 1,355 SF
Gross rent
$34.6K $25.56/SF
− Vacancy
−$623 −$0.46/SF
EGI
$34.0K $25.10/SF
− OpEx
−$10.2K −$7.53/SF
NOI
$23.8K $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%
$476,140
Cap Rate 7%
$340,100
Cap Rate 9%
$264,522
Alternative Uses
Best Use
Multifamily LT 5
$340.1K
$297.6K – $396.8K
NOI $23,807 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$313.3K
$274.2K – $365.6K
NOI $21,933 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$405.9K
$355.2K – $473.6K
NOI $28,415 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
606
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced residences offer flexible occupancy options, private outdoor areas, and substantial parking capacity.
Where is this duplex located?
The property is located at 66553 Estrella Avenue Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit layout with a 1,055‑square‑foot main residence and approximately 300‑square‑foot detached studio; Main residence includes 2 bedrooms, 2 bathrooms, primary suite, tile flooring, and fenced backyard; Detached studio offers Spanish tile, full tub/shower, covered patio, and separate fenced yard
