Duplex With Detached
New
For Sale
$329,000
66553 Estrella Avenue, Desert Hot Springs, CA 92240
MULTI_FAMILY - Other - Desert Hot Springs, CA
Property Size1,355 SF
Lot Size0.15 Acres
Price / SF$242.80
Days on Market4
Property Features for 66553 Estrella Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Family Room
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
Central, Electric (Heating), Forced Air, Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
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
(619) 520-6674
Added: Aug 5
Changed: Aug 7
Last Checked: Aug 8 at 1:06PM
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 1,355-square-foot duplex includes a primary two-bedroom, two-bath residence and a detached studio. The main unit features tile flooring, carpeted bedrooms, a primary suite with private bath, and a large fenced backyard. The approximately 300-square-foot studio includes Spanish tile, a ceiling fan, full tub and shower, covered patio, and its own fenced yard. Both units are occupied under month-to-month arrangements. The property also includes a one-car attached garage, two off-street spaces serving the front residence, and alley-access parking at the rear for vehicles or recreational equipment up to 30 feet.
Located at 66553 Estrella Avenue in Desert Hot Springs, the property is approximately half a block east of Palm Drive and four blocks from Hacienda Palms Shopping Center. Grocery, banking, retail, and dining options are located at the shopping center. Built in 1965, the property sits on a 0.15-acre lot and includes central, electric, forced-air, and wall-furnace heating options along with central and window or wall/window cooling systems.
Located at 66553 Estrella Avenue in Desert Hot Springs, the property is approximately half a block east of Palm Drive and four blocks from Hacienda Palms Shopping Center. Grocery, banking, retail, and dining options are located at the shopping center. Built in 1965, the property sits on a 0.15-acre lot and includes central, electric, forced-air, and wall-furnace heating options along with central and window or wall/window cooling systems.
Key Highlights
- 1,355 SF duplex on a 0.15‑acre lot
- Main residence offers 2 bedrooms and 2 bathrooms
- Detached rear studio measures approximately 300 sq. ft.
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
7.24%
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 7.24%
Second Best
Apartment 5plus
$313.3K
$274.2K – $365.6K
NOI $21,933 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$405.9K
$355.2K – $473.6K
NOI $28,415 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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 separately fenced living spaces offer flexible occupancy and dedicated parking in a central Desert Hot Springs 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 $329,000.
What are key features of this property?
This property features: 1,355 SF duplex on a 0.15‑acre lot; Main residence offers 2 bedrooms and 2 bathrooms; Detached rear studio measures approximately 300 sq. ft.
