10485 Santa Cruz Road
Desert Hot Springs, CA 92240
0
Bed
0
Bath
10,890Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Appliances: Dishwasher, Refrigerator, Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1965Private Pool: No
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Lot Information
Main Square Feet: 10890 Lot Size Acres: 0.25 Lot Size Source: Assessor Lot Size Square Feet: 10,890 Lot Description: Level,YardProperty Information
Subdivision: Desert View Estates Source Property Type: Residential Income Property Age: 61
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Listing Price Information
Listing Price: $589000Cash, Conventional, 1031 Exchange, FHA, VA Loan
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Tax Information
Parcel Number: 639032027
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Virtual Tour
Parking Information
Parking Total: 8 Driveway
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Location Information
Direction: Santa Cruz Rd - 12th St.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 17625 Langlois Rd #16, Desert Hot Springs, CA, 92240 | $55,000 | 2 | 1 | 778 | 778 SqFt |
| 69530 Dillon Road, Desert Hot Springs, CA, 92240 | $39,900 | 2 | 1 | 1,000 | 1,000 SqFt |
| 69530 Dillion Rd #A18, Desert Hot Springs, CA, 92240 | $68,500 | 2 | 1 | -- | |
| 68792 Ridge Crest, Desert Hot Springs, CA, 92240 | $558,000 | 4 | 2 | 1,601 | 1,601 SqFt |
| 12273 Spruce Street, Desert Hot Springs, CA, 92240 | $575,000 | 4 | 4 | 2,748 | 2,748 SqFt |
| 13220 Catalpa, Desert Hot Springs, CA, 92240 | $240,000 | 2 | 1 | 1,040 | 1,040 SqFt |
| 68681 Ridge Crest Way, Desert Hot Springs, CA, 92240 | $455,000 | 4 | 2 | 2,006 | 2,006 SqFt |
| 12388 Redbud Road, Desert Hot Springs, CA, 92240 | $385,000 | 3 | 2 | 1,134 | 1,134 SqFt |
| 12950 Beech Avenue, Desert Hot Springs, CA, 92240 | $355,000 | 3 | 2 | 1,479 | 1,479 SqFt |
| 13829 Scenic Crest Circle, Desert Hot Springs, CA, 92240 | $469,000 | 4 | 3 | 1,876 | 1,876 SqFt |
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ByOwner last updated this listing 08/13/2026 @ 02:25
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