10485 Santa Cruz Rd - Apartments FOR SALE


Desert Hot Springs, CA 92240
$720,000 USD
760-201-9252
10485 Santa Cruz Rd, Desert Hot Springs, CA for Sale
$720,000 USD
Apartments - FOR SALE
1/8
null | 6.77% Cap Rate

10485 Santa Cruz Rd
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • mini splits in each single unit, double pane windows
  • great neighborhood
  • each unit features, microwave, stove, dishwasher and private patio

OVERVIEW

Property Overview: 10485 Santa Cruz Rd, Desert Hot Springs, CA 92240. This is a multi-family income-producing 4-plex, built in 1965, on a 0.25-acre lot. It consists of three (3) studio apartments and one (1) one-bedroom apartment. All units are currently occupied, providing immediate and consistent rental income from day one. Tenants benefit from remodeled bathrooms, durable luxury vinyl flooring, and private outdoor areas. Plus, the convenience of on-site laundry and all utilities included makes these units highly desirable. Located in a growing community known for its natural beauty and proximity to Palm Springs. A true turnkey investment ready to perform!" "Serious inquiries only. Contact us today for the full financial breakdown and to schedule a viewing!" "Explore this excellent investment opportunity – inquire for details on the current rent roll!" Unit Details & Condition: Unit Mix: 3 Studio Units, 1 One-Bedroom Unit. Condition: All units have been recently refreshed and feature newly remodeled bathrooms and durable in 2023, attractive luxury vinyl flooring throughout, not carpet. Interiors are well-maintained. Features per unit: Each unit includes a very nice kitchen, a remodeled bathroom, good closet space, storage cabinets, and a private, spacious, fenced outdoor space. Laundry: On-site laundry room available for tenant use, adding value and convenience. Utilities: A significant selling point – tenants pay for the electricity individually metered Parking: Assigned parking available. Investment Highlights: Immediate & Consistent Income: All units are occupied with a stable rent roll provided, ensuring immediate cash flow for the new owner. This is a true turnkey investment. Proven Occupancy: The fact that all units are currently occupied demonstrates strong tenant demand and desirability, likely due to the included utilities and recent upgrades. Recent Upgrades: Remodeled bathrooms and luxury vinyl flooring enhance tenant appeal, potentially support future rent increases

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

4

PRICE/UNIT

$180,000

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,694 SF

ZONING

R1

APN/PARCEL ID

639-032-027

ASK ABOUT THIS PROPERTY

Joe CorbisieroDream Homes TeamMore Info
760-201-9252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe CorbisieroDream Homes TeamMore Info
760-201-9252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.