Duplex with Detached
For Sale
$329,000
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$242.80
Days on Market32
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: Sep 8
Last Checked: Sep 8 at 8:11AM
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 = 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
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $329,000.
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
