Active

66338 2nd St Street

Desert Hot Springs, CA 92240
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt6,534

Sqft(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $446,000

AD Id : 75199024

MLS Id : 219142976DA

Lot Size : 6,534 Sqft

Year Built : 1942

County : Riverside

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1942

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.15
  • Lot Size Source: Assessor Lot Size Square Feet: 6534

  • Listing Price Information

    Original List Price: 446,000 Listing Contract Date: 2026-02-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 639242035

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 340 - Desert Hot Springs Postal Code Plus 4: 3687 Directions: GPS or Palm Dr. to 2nd St.. Source Property Type: Residential Income Area: 340 - Desert Hot Springs
  • Building and Construction

    Property Age: 84 Year Built Source: Assessor Levels or Stories: One Building Total Stories: 1
Sell a home like this and save $26,261 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/20/2026 @ 21:29

MLS: 219142976DA LISTED BY: Richard MacMillan, Equity Union 760-621-0395 SOURCE: CRMLS

Homes around $446,000

Selling? Save $26,261 when you sell a home like this

Tour with a ByOwner Agent