Price improved to $574,850. Excellent opportunity to acquire a fully occupied, income-producing triplex with upside potential through future rent increases and implementation of RUBS for utility reimbursement. Situated on the corner of Cactus Drive and 3rd Street, just blocks from downtown Desert Hot Springs, the property offers a strong unit mix consisting of a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. All units feature tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system currently covering all electrical costs, significantly reducing operating expenses. Recent improvements include fresh exterior paint, refinished stucco edges, partial exterior drywall replacement, new fencing, and updated landscaping. The owner also added a 45-foot RV parking area. Interior upgrades include new ceiling fans, lighting, interior paint, new doors and locks, as well as drywall touch-ups and a newly installed main A/C unit. With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking consistent cash flow and long-term appreciation. Please do not disturb tenants. Contact listing broker for more information.
Property Details
Price:
$574,850
MLS #:
219132798DA
Status:
Active
Baths:
0
Address:
11583 Cactus Drive
Type:
Residential Income
Neighborhood:
340deserthotsprings
City:
Desert Hot Springs
Listed Date:
Apr 17, 2025
State:
CA
ZIP:
92240
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1956
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Schools
Interior
Appliances
Gas Range, Water Heater
Cooling
Central Air
Flooring
Carpet, Laminate
Heating
Central
Exterior
Garage Spaces
4.00
Lot Features
Yard, Corner Lot
Parking Features
Street, Driveway
Parking Spots
6.00
Stories Total
2
View
Mountain(s)
Financial
Association Fee
0.00
Tenant Pays
Cable T V
Map
Community
- Address11583 Cactus Drive Desert Hot Springs CA
- Area340 – Desert Hot Springs
- CityDesert Hot Springs
- CountyRiverside
- Zip Code92240
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11583 Cactus Drive
Desert Hot Springs, CA
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