Address
66665 1st Street Desert Hot Springs, CA
Price
$ 699,000
Property Attributes
  • MLS#219070191DA
  • TypeIncome
  • CountyRIVERSIDE
  • CityDesert Hot Springs
  • AreaDesert Hot Springs
  • NeighborhoodNot Applicable-1
  • Zip92240
  • Style
  • Price$ 699,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
Listing Provided Courtesy Of:
Doug Fischer with Coldwell Banker Realty - (760) 641-8401
Data Source:
California Regional MLS (CRMLS)
Property Description

Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 4.92% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs.

Price History
11/11/2021 Listed $699,000

General Features

Appliances Dishwasher, Electric Range, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Cooling Central Air, Electric
Flooring Tile
Heating Central, Electric
Levels One
Listing Agent Doug Fischer - BRE#01299270
Listing Agent State License 01299270
MLS Area 340 - Desert Hot Springs
Open Parking Spaces 4
Pool Features Gunite, In Ground
Private Pool Yes
Property Type Residential Income
Roof Foam
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Stories 1
Subdivision Name Not Applicable-1
Terms Cash, Conventional
Total Actual Rent 4733
Total Units 4
Water Sewer Expense 1500

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Foundation Details Slab
Lot Features 2-5 Units/Acre, Corner Lot
Lot Size Area 13504
Lot Size Source Assessor
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Side By Side, Unassigned
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92240

Price
AVG $870K
$700K
Visits
AVG 314
217
Year Built
AVG 1985
1962
Walkscore
AVG 48
66
Data Provided by Walkscore ® not using MLS data

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