10485 Santa Cruz Road, Desert Hot Springs, CA 92240
Multi-Family Home 
Built in 1965 
0.25acre lot
—— car garage 
$——/sqft 
Listed 2 days ago
Property Description
4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong verified rental income. This stabilized, low-maintenance asset is an ideal addition to any investment portfolio. The property features three studio units and one 1-bedroom/1-bathroom unit, all updated in a full 2023 renovation including kitchens, bathrooms, windows, etc. Tenants enjoy an attached on-site laundry room, a premium amenity that keeps vacancy low and tenants happy. Pest control service is already in place.**Why this property stands out:**Strong fundamentals with a 9.08% cap rate and GRM of 8.59 - well below the Coachella Valley market average of 10-12x. The debt coverage ratio sits at a healthy 1.60, making this an easy financing story for buyers. Unit #4 is currently $150 below market rent, representing approximately $1,800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.
- Listing Status:
- Active
- Date Added:
- May 18, 2026
- Data Last Updated:
- May 21, 2026 at 1:16AM
- Listing Office:
- Compass : (619) 317-1875
- Listing Agent:
- Maria Corbisiero : (714) 580-9103
- MLS ID:
- 219148018DA
- Parking: DrivewayParking spaces: 8
- General: 1Slab
- HOA Amenities: 0.0
- Originating MLS: CRMLS_CDAR
- County: Riverside
- Zoning: 639032027
- Source: CRMLS_CDAR
This listing courtesy of Maria Corbisiero , Compass
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
