66012 5th Street, Desert Hot Springs, CA 92240
66012 5th Street, Desert Hot Springs, CA 92240
66012 5th Street, Desert Hot Springs, CA 92240
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$539,900
Est. payment /mo
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5 Beds
4 Baths
2,384 SqFt
New

66012 5th Street Desert Hot Springs, CA 92240

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Tasha Shields

Tasha Shields

+1(619) 871-4117

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,384 sqft

Price per Sqft $226

MLS Listing ID SW26093702

Bedrooms 5

Full Baths 4

Year Built 1954

Lot Size 7,841 Sqft

Property Sub-Type All Other Attached

Property Description

Versatile 3 Unit Property in Desert Hot Springs Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategyHouse-hack it; Hold it; Scale from it! The flexibility here is real.

Location

State CA

County Riverside

Direction off the 62, turn on Pierson Blvd; then left on WEST Dr; to 5th Street

Interior

Heating Other/Remarks

Cooling Wall/Window

Fireplace No

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 639191026

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Theresa DiCiolla, DRE#01858144 Allison James Estates & Homes 

NEARBY SCHOOL & BUSINESS

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Tasha Shields

Tasha Shields

Broker Associate | License ID: 01943818

+1(619) 871-4117

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66012 5th Street