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66665 1st Street

Desert Hot Springs, CA 92240
  • $699,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 219070191DA
UPDATED: 65 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent: Doug Fischer of Coldwell Banker Realty


Description

Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 4.92% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123216129
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66665 1st Street Desert Hot Springs, CA 92240

  • Price: $699,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 65 min ago
  • ID#: 219070191DA
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Not Applicable-1
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 4.92% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs.
Exterior Features

Carport Spaces 0 Foundation Details Slab Lot Features 2-5 Units/AcreCorner Lot Number Of Separate Electric Meters 1 Open Parking Spaces 4 Parking Features Side By SideUnassigned Parking Total 4 Pool Features GuniteIn Ground Pool Private YN No Property Attached YN No Roof Foam

Interior Features

Appliances DishwasherElectric RangeGas RangeGas Water HeaterRefrigeratorWater Heater Cooling Central AirElectric Cooling YN Yes Flooring Tile Heating CentralElectric Heating YN Yes

Property Features

Cap Rate 4.92 Garage YN No Gross Income 56796 Inclusions Furnishings And Personal Property Per Written inventory. Insurance Expense 1600 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 12400 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 4733 Water Sewer Expense 1500



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Doug Fischer of Coldwell Banker Realty