66338 2nd St Street

Property Overview

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.

Home Details

Property type: ResidentialIncome
Year built: 1942
Lot size: 6,534 sq ft
Parking: 4 spaces
Stories: 1
Days on market: 87
Cumulative days on market: 0
MLS status: Active

Features & Amenities

Parking

Driveway

Community, Schools & Utilities

Community

Subdivision: Not Applicable-1

Utilities

Heating: Central
Cooling: WallWindowUnits

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Location & Neighborhood

Desert Hot Springs, CA 92240

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Frequently Asked Questions About 66338 2nd St Street

Property type: Residential Income

The current asking price is $446,000. 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 66338 2nd St Street. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1942. 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 87 days. Status can change, so verify availability before relying on it.