Cap rate of 7.3%, $4350 per month current total rent. Garage work has started to be converted into another unit (1bed), potentially bringing additional rent $$! An outstanding opportunity to acquire a set of units already rented at almost top rent value but still with room for increase. Both units have been updated and cleaned up. Unit A boast 3 bed, 2 baths and unit B is 2 bed, 2 bath with a separate entrance in the back. Inside, you’ll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful wood doors & the bathrooms are in good shape. Extra space on the roof via spiral staircase for the beautiful view of the valley and mountains. Whether you’re looking to diversify your investment portfolio or execute a 1031 exchange, this location is ideal for investors seeking prime real estate opportunities with a potential of 10% cap rate. Each unit has it’s own meters. Make a buck while doing nothing. Good part of DHS! Property is gated.
Property Details
Price:
$595,000
MLS #:
25530577
Status:
Active
Baths:
0
Address:
13855 Verbena Drive
Type:
Residential Income
Neighborhood:
340deserthotsprings
City:
Desert Hot Springs
Listed Date:
Apr 23, 2025
State:
CA
ZIP:
92240
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1984
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Schools
Interior
Appliances
Disposal
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Garage – Two Door, Concrete
Parking Spots
4.00
Stories Total
1
Financial
Map
Community
- Address13855 Verbena Drive Desert Hot Springs CA
- Area340 – Desert Hot Springs
- CityDesert Hot Springs
- CountyRiverside
- Zip Code92240
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13855 Verbena Drive
Desert Hot Springs, CA
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