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: Residential Income
Year built: 1965
Lot size: 10,890 sq ft
Parking: 8 spaces
Stories: 1
Days on market: 1
Cumulative days on market: 0
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

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Location & Neighborhood

Desert Hot Springs, CA 92240

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Frequently Asked Questions About 10485 Santa Cruz Road

Property type: Residential Income

The current asking price is $589,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 10485 Santa Cruz Road. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1965. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Desert Hot Springs, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Desert Hot Springs property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.