Properties

Desert Hot Springs, CA 92240 66338 2nd St Street

66338 2nd St Street Desert Hot Springs, CA - Image 166338 2nd St Street Desert Hot Springs, CA - Image 266338 2nd St Street Desert Hot Springs, CA - Image 3
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Presented By: Richard MacMillan with HomeSmart;
  • MLS# 219142976DA
  • 02/09/2026
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Home Details

Income Property in Desert Hot Springs - Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A - $1350 Monthly,Unit B - $1150 Monthly,Unit C - $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations - 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit - $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Presented By: Richard MacMillan with HomeSmart;

Interior Features for 66338 2nd St Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Total Stories1

General for 66338 2nd St Street

Carport Spaces
CityDesert Hot Springs
CoolingWall/Window Unit(s)
CountyRiverside
DirectionsGPS or Palm Dr. to 2nd St..
Garage Spaces
Garage Y/NNo
HOA Fee$
HeatingCentral
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6534
Lot Size UnitsSquare Feet
MLS Area340 - Desert Hot Springs
New ConstructionNo
Number Of Units Total3
Open Parking Spaces4
PostalCityDESERT HOT SPRINGS
Property Attached Y/NNo
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameNot Applicable-1
Year Built1942
Year Built SourceAssessor

Exterior for 66338 2nd St Street

Lot Size Acres0.15
Lot Size Area6534
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking4

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $446,000
MLS#219142976DA
List Date 02/09/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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