Income Property in Desert Hot Springs – Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A – $1350 Monthly,Unit B – $1150 Monthly,Unit C – $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations – 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit – $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Property Details
Price:
$446,000
MLS #:
219142976DA
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
340deserthotsprings
Listed Date:
Feb 11, 2026
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1942
See this Listing
Schools
Interior
Cooling
WW
Heating
CF
Exterior
Parking Spots
4
Financial
Map
Community
- Address66338 2nd St ST Desert Hot Springs CA
- SubdivisionNot Applicable-1
- 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 Mar 02, 2026
528
Single Family Listed
76
Avg DOM
187
Avg $ / SqFt
$305,660
Avg List Price
Property Summary
- Located in the Not Applicable-1 subdivision, 66338 2nd St ST Desert Hot Springs CA is a Single Family for sale in Desert Hot Springs, CA, 92240. It is listed for $446,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1942. The average price per square foot for Single Family listings in Desert Hot Springs is $187. The average listing price for Single Family in Desert Hot Springs is $305,660.
Similar Listings Nearby
66338 2nd St ST
Desert Hot Springs, CA


