66338 2nd St Street, Desert Hot Springs, CA 92240
Local realty services provided by:CENTURY 21 LOTUS
66338 2nd St Street,Desert Hot Springs, CA 92240
$446,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: richard macmillan, paige maccio-smith
Office: equity union760-621-0395
MLS#:219142976DA
Source:CRMLS
Price summary
- Price:$446,000
About this home
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....
Contact an agent
Home facts
- Year built:1942
- Listing ID #:219142976DA
- Added:103 day(s) ago
- Updated:May 24, 2026 at 10:39 AM
Heating and cooling
- Cooling:Wall Window Units
- Heating:Central
Structure and exterior
- Year built:1942
- Lot area:0.15 Acres
- Levels:1 Story
Finances and disclosures
- Price:$446,000
Parking
- Total parking spaces:4
- Parking description:Driveway
New listings near 66338 2nd St Street
- New
$289,000Active2 beds 2 baths1,020 sq. ft.9120 Calle Barranca, Desert Hot Springs, CA 92240
MLS# 219148323PSListed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$415,000Active3 beds 2 baths2,015 sq. ft.64518 Spyglass Avenue, Desert Hot Springs, CA 92240
MLS# 219148322PSListed by: COLDWELL BANKER REALTY - New
$74,900Active2 beds 2 baths1,250 sq. ft.15500 Bubbling Wells Road #282, Desert Hot Springs, CA 92240
MLS# 26838023PSListed by: SPEKTERRA - New
$99,900Active1 beds 1 baths600 sq. ft.70200 Dillon Road #445, Desert Hot Springs, CA 92241
MLS# 219148310DAListed by: DESERT ELITE PROPERTIES, INC. - New
$69,000Active1 beds 1 baths399 sq. ft.74711 Dillon Road #264, Desert Hot Springs, CA 92241
MLS# 219148262DAListed by: VYP REAL ESTATE & ASSOCIATES - Open Sun, 11am to 3pmNew
$350,000Active3 beds 2 baths1,709 sq. ft.9736 Avenida Delores, Desert Hot Springs, CA 92240
MLS# 219148269DAListed by: HOMESMART - New
$25,000Active2 beds 2 baths744 sq. ft.15500 Bubbling Wells Road #111, Desert Hot Springs, CA 92240
MLS# 26836333PSListed by: SPEKTERRA - New
$115,000Active3 beds 2 baths1,344 sq. ft.64550 Pierson Boulevard #118, Desert Hot Springs, CA 92240
MLS# 219148237DAListed by: EXP REALTY OF SOUTHERN CALIFORNIA INC - New
$350,000Active6.86 Acres6.86 Acres Little Morongo, Desert Hot Springs, CA 92241
MLS# 219148240DAListed by: M1 PROPERTIES - New
$1,099,000Active4 beds 3 baths2,072 sq. ft.19591 Prickly Pear Trail, Desert Hot Springs, CA 92241
MLS# 26837461Listed by: COMPASS