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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Bathroom Information
Total Baths: 0 -
Interior Features
Property Appliances: Dishwasher,Refrigerator,Water Heater Flooring: Laminate -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Electric Has HeatingFireplace
Has Fireplace: 0
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Building Information
Year Built: 1965 -
Foundation
Slab
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.25 -
Lot Size Source: Assessor Lot Size Square Feet: 10890
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Listing Price Information
Original List Price: 589,000 Listing Contract Date: 2026-05-18 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 639032027
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: 340 - Desert Hot Springs Directions: Santa Cruz Rd - 12th St. Source Property Type: Residential Income Area: 340 - Desert Hot Springs -
Building and Construction
Property Age: 61 Property Condition: Repairs Major Year Built Source: Assessor
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 |
| 12273 Spruce Street, Desert Hot Springs, CA, 92240 | $619,900 | 4 | 3 | 2,748 | 2,748 SqFt |
| 12950 Beech Avenue, Desert Hot Springs, CA, 92240 | $330,000 | 3 | 2 | 1,479 | 1,479 SqFt |
| 13829 Scenic Crest Circle, Desert Hot Springs, CA, 92240 | $479,000 | 4 | -- | 1,876 | 1,876 SqFt |
| 12747 Calle Amapola, Desert Hot Springs, CA, 92240 | $409,988 | 4 | 2 | 2,132 | 2,132 SqFt |
| 12735 Avenida Alta Loma, Desert Hot Springs, CA, 92240 | $375,000 | 3 | 2 | 1,624 | 1,624 SqFt |
| 68150 Calle Blanco, Desert Hot Springs, CA, 92240 | $279,000 | 2 | 2 | 1,118 | 1,118 SqFt |
| 13390 Avenida Hermosa, Desert Hot Springs, CA, 92240 | $259,900 | 3 | 2 | 1,318 | 1,318 SqFt |
| 68093 Calle Las Tiendas, Desert Hot Springs, CA, 92240 | $349,000 | 3 | 2 | 1,478 | 1,478 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 23:03
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