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Listed by Theresa DiCiolla, DRE #01858144 • Allison James Estates & Homes
$ 539,900
Est. payment /mo
Price Dropped by $100K
66012 5th ST Desert Hot Springs, CA 92240
7,841 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26092531
Year Built 1954
Lot Size 7,841 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Versatile 3 Unit Property in Desert Hot Springs - Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. - putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done - the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley - putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategy.House-hack it; Hold it; Scale from it! The flexibility here is real.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Other
Cooling Window / Wall Unit
Exterior
Garage Spaces 2.0
Pool None
View Local/Neighborhood
Building
Story One Story
Water District - Public
Others
Tax ID 639191026
Special Listing Condition Not Applicable
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