Duplex with Detached
For Sale
$259,000
66553 Estrella Avenue, Desert Hot Springs, CA 92240
Residential Income, Desert Hot Springs, CA
Property Size1,355 SF
Lot Size0.15 Acres
Price / SF$191.14
Days on Market49
Property Features for 66553 Estrella Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Family Room, Bedroom 2, Bathroom 1, Bathroom 3
Parking
5
Parking features
Assigned, RV
Window features
Drapes
Interior features
Main Floor Bedroom
Appliances
Disposal, Gas Range, Refrigerator
Subdivision
340 - Desert Hot Springs
Standard status
Active
APN
641142022
Size
1,355 SF
Lot size
0.15 Acres
Utilities
Heating system
Forced Air, Electric (Heating), Central, Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Wood Siding, Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Christopher J Townson · License #D86901
(619) 520-6674
Added: Aug 5
Changed: Sep 22
Last Checked: Sep 22 at 9:06PM
MLS# 219151168
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 1965 duplex includes a 1,055-square-foot main residence and a detached 300-square-foot studio, totaling 1,355 square feet on a 0.15-acre lot. The primary unit has two bedrooms, two bathrooms, tile flooring, carpeted bedrooms, a primary suite with attached bath, and a large fenced backyard. The rear studio includes Spanish tile, a ceiling fan, full tub and shower, covered patio, and its own fenced yard. Both residences are occupied by long-term tenants under month-to-month arrangements and require repairs, with additional cosmetic work anticipated when units turn over.
Parking includes an attached one-car garage and three off-street spaces serving the main residence. The rear area currently accommodates four cars or recreational vehicles up to 30 feet, although access crosses the neighboring vacant lot and may not continue. The property is located four blocks from Hacienda Palms Shopping Center and approximately half a block east of Palm Drive, with grocery, banking, retail, and dining nearby.
Parking includes an attached one-car garage and three off-street spaces serving the main residence. The rear area currently accommodates four cars or recreational vehicles up to 30 feet, although access crosses the neighboring vacant lot and may not continue. The property is located four blocks from Hacienda Palms Shopping Center and approximately half a block east of Palm Drive, with grocery, banking, retail, and dining nearby.
Key Highlights
- 1,355‑square‑foot duplex on a 0.15‑acre lot
- Main residence measures 1,055 square feet with 2 bedrooms and 2 bathrooms
- Detached 300‑square‑foot studio with covered patio and separate fenced yard
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
$23,807
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
9.19%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 configured residences offer flexible occupancy, fenced outdoor areas, and multiple parking options in a central setting.
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: 1,355‑square‑foot duplex on a 0.15‑acre lot; Main residence measures 1,055 square feet with 2 bedrooms and 2 bathrooms; Detached 300‑square‑foot studio with covered patio and separate fenced yard
