$ 229,000
-
$229,000
Price -
2
Bed -
3
Bath -
1,355
SqFt
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About the Listing DML-oD23360 - DML-d86901
Best deal in Desert Hot Springs Investment Duplex - Rent increases can be made now! Long term tenants have beat this place up BUT they want to stay!!! 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. Condition: Both tenants are long time occupants, and both units require repairs and will require significant cosmetic improvements upon turnover. 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 section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. 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 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that access could end at any time but there is
Listing Highlights for 66553 Estrella Ave
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
- 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
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Listing Location
Questions About..
66553 Estrella Ave Desert Hot Springs, CA 92240
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