10485 Santa Cruz Road

Property Overview
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 $150 below market rent, representing approximately $1,800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.
Home Details
- Property type
- ResidentialIncome
- Year built
- 1965
- Lot size
- 10,890 sq ft
- Parking
- 8 spaces
- Stories
- 1.0
- Days on market
- 1
- MLS status
- Active
Features & Amenities
Appliances
- Dishwasher
- Refrigerator
- Water Heater
Parking
- Driveway
Lot
- Level
- Yard
Community, Schools & Utilities
Community
- Subdivision
- Desert View Estates
Utilities
- Heating
- Electric
- Cooling
- WallWindowUnits
Location & Neighborhood
Frequently Asked Questions
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