4-UNITS: fully remodeled, 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. OR live in one and rent the others – great options.
Property Details
Price:
$589,000
MLS #:
219148018DA
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Desert View Estates
Neighborhood:
340deserthotsprings
Listed Date:
May 19, 2026
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1965
See this Listing
Schools
Interior
Appliances
DW, RF, WHU
Cooling
WW
Flooring
LAM
Heating
ELC
Exterior
Parking Spots
8
Parking Total
8
Financial
Map
Community
- Address10485 Santa Cruz RD Desert Hot Springs CA
- SubdivisionDesert View Estates
- CityDesert Hot Springs
- CountyRiverside
- Zip Code92240
Subdivisions in Desert Hot Springs
- Cornerstone
- Desert View Estates
- Desert View Estates 34004
- Desert View Estates II
- Desert Willow
- Desert Willow 34006
- Hacienda Heights
- Hacienda Heights 34010
- Hidden Springs 34011
- Lt Mor Undev. 3
- Mission Lakes
- Mission Lakes 34101
- Mountain View Country Estates
- Mountain View Country Estates 34014
- N Hills Estates 34015
- Olympus 34017
- Rancho Del Oro 34024
- Skyborne
- Skyborne 34020
- Skys Haven
- Vista Del Valle
- Vista Del Valle 34022
- Vista Hacienda
- Vista Montana
Market Summary
Current real estate data for Single Family in Desert Hot Springs as of May 21, 2026
469
Single Family Listed
87
Avg DOM
191
Avg $ / SqFt
$302,864
Avg List Price
Property Summary
- Located in the Desert View Estates subdivision, 10485 Santa Cruz RD Desert Hot Springs CA is a Single Family for sale in Desert Hot Springs, CA, 92240. It is listed for $589,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1965. The average price per square foot for Single Family listings in Desert Hot Springs is $191. The average listing price for Single Family in Desert Hot Springs is $302,864.
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10485 Santa Cruz RD
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