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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 589,000

Est. payment | -/mo

4 Beds

4 Baths

2,640 SqFt

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$ 589,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,640 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,640 sqft

Price per Sqft $223

Subdivision Desert View Estates

MLS Listing ID 219148018DA

Bedrooms 4

Full Baths 4

Construction Status Repairs Major

Year Built 1965

Lot Size 10,890 Sqft

Property Sub-Type Multi-Family

Property Description

Fully remodeled 4-unit 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.

Location

State CA

County Riverside

Area Desert Hot Springs

Rooms

Kitchen Granite Counters

Interior

Interior Features Other

Heating Electric, Other

Cooling Wall/Window

Flooring Laminate

Equipment Dishwasher, Dryer, Refrigerator, Washer

Laundry Community

Exterior

Parking Features Driveway

Garage Spaces 8.0

View Y/N No

Building

Lot Description Lot-Level/Flat, Yard

Story 1

Foundation Slab

Sewer In Connected and Paid

Level or Stories Ground Level

Structure Type Stucco

Construction Status Repairs Major

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

10485 Santa Cruz RD Desert Hot Springs, CA 92240

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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10485 Santa Cruz RD