Desert Hot Springs, CA 92240,66665 1st ST
Desert Hot Springs, CA 92240,66665 1st ST
Desert Hot Springs, CA 92240,66665 1st ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$595,000
Est. payment /mo
0.31 Acres Lot
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219140995PS

HOA Y/N No

Year Built 1962

Lot Size 0.310 Acres

Property Description

A smart investment with built-in income and room to grow, this centrally located Desert Hot Springs four-plex offers flexibility, steady cash flow, and the potential to add even more value over time.The property features three studio units currently operating as Airbnb rentals, each generating approximately $1,200 per month, along with a two-bedroom, two-bath unit leased as a long-term rental. This balanced unit mix allows for multiple income options while providing immediate returns.Amenities include a fenced pool, a separate lounging area for outdoor relaxation, and on-site parking designated for tenants. The layout supports both short-term and long-term occupancy, making the property appealing to a broad range of renters.Adding significant value is the adjacent lot, which is included in the sale and part of the same parcel as the four-plex. The lot cannot be sold separately. The City of Desert Hot Springs has indicated it would be approved for permits for either an ADU or a duplex featuring two-bedroom, two-bath units and a two-car garage, offering a clear opportunity to expand the property and increase rental income over time.Conveniently located near downtown Desert Hot Springs with easy access to main roads, shopping, and everyday essentials, this property offers a compelling opportunity for investors seeking income today with the ability to grow tomorrow.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplace No

Appliance Electric Cooktop, Gas Cooktop, Refrigerator, Water Heater

Exterior

Parking Features On Street, Side By Side, Unassigned

Pool Community, Gunite, In Ground

Community Features Gated, Pool

View Y/N Yes

View City Lights, Mountain(s)

Roof Type Foam

Total Parking Spaces 4

Private Pool Yes

Building

Lot Description Corner Lot, Level

Story 1

Entry Level One

Architectural Style Contemporary

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 639294022

Security Features Gated Community

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Sandra Quinn Realty Trust

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES
Elementary Schools 5
  • 5

    Bubbling Wells Elementary School

    Public | KG - 5

  • 4

    Two Bunch Palms Elementary School

    Public | KG - 5

  • 4

    Bella Vista Elementary School

    Public | KG - 5

  • 4

    Cabot Yerxa Elementary School

    Public | KG - 5

  • 1

    Julius Corsini Elementary School

    Public | KG - 5

Middle Schools 2
  • 3

    Desert Springs Middle School

    Public | 6 - 8

  • 2

    Painted Hills Middle School

    Public | 6 - 8

High Schools 1
  • 4

    Desert Hot Springs High School

    Public | 9 - 12

School and business data provided by Attom Data.

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