66665 1st St - Apartments FOR SALE


Desert Hot Springs, CA 92240
$595,000 USD
760-808-3756
66665 1st St, Desert Hot Springs, CA for Sale
$595,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

66665 1st St
Desert Hot Springs, CA 92240


OVERVIEW

A smart investment with built-in income and room to grow, this centrally located Desert Hot Springs four-plex offers flexibility, steady cash flow, and the potential to add even more value over time. The property features three studio units currently operating as Airbnb rentals, each generating approximately $1,200 per month, along with a two-bedroom, two-bath unit leased as a long-term rental. This balanced unit mix allows for multiple income options while providing immediate returns. Amenities include a fenced pool, a separate lounging area for outdoor relaxation, and on-site parking designated for tenants. The layout supports both short-term and long-term occupancy, making the property appealing to a broad range of renters. Adding significant value is the adjacent lot, which is included in the sale and part of the same parcel as the four-plex. The lot cannot be sold separately. The City of Desert Hot Springs has indicated it would be approved for permits for either an ADU or a duplex featuring two-bedroom, two-bath units and a two-car garage, offering a clear opportunity to expand the property and increase rental income over time. Conveniently located near downtown Desert Hot Springs with easy access to main roads, shopping, and everyday essentials, this property offers a compelling opportunity for investors seeking income today with the ability to grow tomorrow.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

4

PRICE/UNIT

$148,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Unit Motel/Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

TR

APN/PARCEL ID

639-294-022

ASK ABOUT THIS PROPERTY

Luca VolpeRealty TrustMore Info
760-808-3756

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Luca VolpeRealty TrustMore Info
760-808-3756

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