66665 1st ST Desert Hot Springs, CA 92240
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $297
MLS Listing ID 219140995
Style Contemporary
Bedrooms 5
Full Baths 4
Three Quarter Bath 1
HOA Y/N No
Year Built 1962
Lot Size 0.310 Acres
Property Sub-Type Quadruplex
Property Description
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.
***Viewings available subject to accepted offer.***
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Baseboard
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Fireplace false
Exterior
Fence Wood, Fenced, Chain Link
Pool Community, Fenced, Gunite, In Ground, Safety Fence
Utilities Available Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
View Y/N true
View City Lights, Mountain(s)
Private Pool Yes
Building
Lot Description Level, Corner Lot
Story 1
Entry Level Ground Level, No Unit Above
Sewer In, Connected and Paid
Architectural Style Contemporary
Level or Stories Ground Level, No Unit Above
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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