Duplex with Private
New
For Sale
$510,000
66560 San Diego Drive, Desert Hot Springs, CA 92240
Residential Income, Desert Hot Springs, CA
Property Size2,361 SF
Lot Size0.20 Acres
Price / SF$216.01
Days on Market3
Property Features for 66560 San Diego Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking
8
Parking features
Assigned
Subdivision
340 - Desert Hot Springs
Standard status
Active
APN
639141009
Size
2,361 SF
Lot size
0.20 Acres
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Amenities
private yards
Building Details
Year built
1989
Floors in Building
1
Number of units
2
Flooring type
Tile
Roof type
Tile
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Christopher J Townson · License #D86901
(619) 520-6674
Added: Sep 28
Changed: Sep 29
Last Checked: Sep 30 at 2:06PM
MLS# 219153402
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.
Built in 1989, this duplex contains 2,361 square feet across two residences on a 0.2-acre lot. The front unit has 2 bedrooms, 2 bathrooms, and 800 square feet; the rear unit offers 3 bedrooms, 2 bathrooms, and 1,561 square feet. Each residence has a large two-car garage and a private yard. Tile flooring, tile roofing, forced-air and central heating, and central air conditioning are present. Mountain views are visible from the property.
Both units are occupied, professionally managed, and leased month to month. The property is in Desert Hot Springs, California.
Both units are occupied, professionally managed, and leased month to month. The property is in Desert Hot Springs, California.
Key Highlights
- 2,361‑square‑foot duplex on a 0.2‑acre lot
- Front residence: 2 bedrooms, 2 bathrooms, and 800 square feet
- Rear residence: 3 bedrooms, 2 bathrooms, and 1,561 square feet
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
$41,483
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
8.13%
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%
$829,660
$829.7K
Cap Rate 7%
$592,614
$592.6K
Cap Rate 9%
$460,922
$460.9K
Market Conditions
NOI Build-Up for 2,361 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
$60.3K $25.56/SF
− Vacancy
−$1.1K −$0.46/SF
EGI
$59.3K $25.10/SF
− OpEx
−$17.8K −$7.53/SF
NOI
$41.5K $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%
$829,660
Cap Rate 7%
$592,614
Cap Rate 9%
$460,922
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.4K
NOI $41,483 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$545.9K
$477.7K – $636.9K
NOI $38,216 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K
NOI $49,512 @ 7.0% cap · market cap 9.71%
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
Location Intelligence
Trade Area within ½ mile
211
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
View Realmo Analytics
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 private outdoor areas and a dedicated garage for each unit.
Where is this duplex located?
The property is located at 66560 San Diego Drive Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,361‑square‑foot duplex on a 0.2‑acre lot; Front residence: 2 bedrooms, 2 bathrooms, and 800 square feet; Rear residence: 3 bedrooms, 2 bathrooms, and 1,561 square feet
