$ 329,000
-
$329,000
Price -
2
Bed -
3
Bath -
1,355
SqFt
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About the Listing DML-oD23360 - DML-d86901
Prime Desert Hot Springs Investment Duplex - High-Yield PotentialMaximize your portfolio with this centrally located income-generating duplex in the heart of Desert Hot Springs. Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment. Some cosmetic improvements would allow for nice rent increases. Property Configurations: Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard. Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard.Strong Financials & Immediate Upside: Stable Cash Flow: Total current gross income of $1,862/month. Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Currently on a month-to-month lease. Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates. Utilities & Parking Logistics: Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B. Abundant Parking: Includes a 1-car attached garage and 2 off-street spaces for the front unit. The rear unit features massive alley-access parking that easily accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet).Unbeatable Central Location:Boasting a high walkability factor, this property is a short 4-block stroll to the Hacienda Palms Shopping Center. Tenants enjoy instant access to grocery stores, banking, retail shops, and local dining.NOTE: Some photos have been digitall
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 3 Full
- Appliances: Range, Range Hood
- Air Cond: Air Conditioning,Central,Wall/Window
- Heating: Central,Electric,Forced Air,Wall
- Fireplaces:
- Floor: Carpet,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Shower and Tub,Main Floor Bedroom,Tile Counters,Family Room
- Water:
Exterior Details
- Lot Description: Street Public
- Garage Capacity: 1 car
- Parking Spaces: 5
- Roof: Flat
- Others: Repair Cosmetic
- Sewer: Unknown
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
66553 Estrella Ave Desert Hot Springs, CA 92240
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