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Beverly & Hector Team

team@bh-realtor.com +1(626) 922-9910

$589,000

Est. payment - /mo

0.25 Acres Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Desert View Estates

MLS Listing ID 219148018DA

Construction Status Repairs Major

HOA Y/N No

Year Built 1965

Lot Size 10,890 Sqft

Property Description

Fully remodeled 4-unit 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.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Appliance Dishwasher, Refrigerator, Water Heater

Exterior

Parking Features Driveway

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Lot Description Level, Yard

Story 1

Foundation Slab

New Construction No

Construction Status Repairs Major

Others

Senior Community No

Tax ID 639032027

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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Listed by Maria Corbisiero Compass #02092247

NEARBY SCHOOL & BUSINESS

+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA, 91765, USA

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10485 Santa Cruz RD Desert Hot Springs, CA 92240