$446,000

66338 2nd St Street, Desert Hot Springs, CA 92240

Multi-Family Home
Built in 1942
6,534sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Income Property in Desert Hot Springs - Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A - $1350 Monthly,Unit B - $1150 Monthly,Unit C - $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations - 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit - $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.

Listing Status:: Active
Date Added:: February 9, 2026
Data Last Updated:: April 3, 2026 at 8:17PM
Listing Office:: HomeSmart : (760) 844-7500
Listing Agent:: Richard MacMillan : (760) 574-2299
MLS ID:: 219142976DA

A/C: Wall/Window Unit(s)
Heating: Central

Parking: DrivewayParking spaces: 4

General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS_CDAR
County: Riverside

Zoning: 639242035

Source: CRMLS_CDAR

This listing courtesy of Richard MacMillan , HomeSmart

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cabot Yerxa Elementary School

67067 Desert View Ave, Desert Hot Springs, CA, 92240

Grades KG-5

0.86 miles away

Desert Springs Middle School

66755 Two Bunch Palms Trl, Desert Hot Springs, CA, 92240

Grades 6-8

1.30 miles away

Desert Hot Springs High School

65850 Pierson Blvd, Desert Hot Springs, CA, 92240

Grades 9-12

0.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.