$699,000 66665 1st Street Desert Hot Springs, CA

MLS: 219070191DA   Type: Income   County: Riverside   City: Desert Hot Springs   Neighborhood: Not Applicable-1   Zip: 92240     Stories: 1

Mortgage $3,282 /mo



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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.

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Price History

11/11/2021 Listed $699,000

Appliances Dishwasher, Electric Range, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Carport Spaces 0
Cooling Central Air, Electric
Flooring Tile
Garage Spaces 0
Garage Y/N No
HOA Fee 0
Heating Central, Electric
Land Lease Y/N No
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 Attached Y/N No
Property Type Residential Income
Roof Foam
Senior Community Y/N N
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
Fireplace Y/N No
Heating Y/N Yes
Total Baths 0

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
Spa No
Total Parking 4
View Y/N No

Property Schools

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Gallery (92 photos)

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Property vs Zip Code Avg (92240)

Price 699K Avg 872K

Visits 216 Avg 314

Days on Site 79 Avg 115

Walkscore® 66 Avg 48

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Doug Fischer with Coldwell Banker Realty - (760) 641-8401

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA