Properties
La Quinta, CA 92253 54066 Avenida Velasco
$599,000
11 more
Presented By: Karo Karapetyan with Blackstone Estates, Inc.; 310-435-8179
Baths • 1
SQFT • 1,900
Home Details
Prime La Quinta Cove income property — two homes on one lot. This rare duplex offers two detached, single-story units with separate electric meters and no common walls. The larger front unit features 2 bedrooms, 2 bathrooms, quartz countertops, central A/C, in-unit laundry, and a sauna. The rear unit offers 1 bedroom, 1 bathroom with a new A/C unit. Enjoy mountain views, a circular driveway with 4 parking spaces, and a walkable location near Old Town La Quinta, Arnold Palmer Restaurant, and Lavender Bistro. Currently back house is tenant-occupied with combined rents of $4,200 a month/$50,400 annually. No HOA. Buyer to cooperate with Seller's 1031 exchange.
Presented By: Karo Karapetyan with Blackstone Estates, Inc.; 310-435-8179
Interior Features for 54066 Avenida Velasco
Other Interior Features
Common WallsNo Common Walls
Heating Y/NYes
Laundry FeaturesLaundry Chute, Outside, See Remarks
Total Stories1
Other Rooms
Entry Level1
General for 54066 Avenida Velasco
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLa Quinta
Community FeaturesHiking, Suburban
CountyRiverside
DirectionsNear Calle Chillon
Entry Location2
Expected Active Date 2026-03-06
Garage Spaces
Garage Y/NNo
Gross Income50400
HOANo
HOA Fee$
HeatingCentral
Insurance Expense1
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional, Contract, Cal Vet Loan, 1031 Exchange, Lease Option, Private Financing Available, Submit, VA Loan
Lot Size Square Feet5000
Lot Size UnitsSquare Feet
MLS Area313 - La Quinta South of HWY 111
Net Operating Income46600
New ConstructionNo
Number Of Units Total2
Operating Expense1
Other StructuresSauna Private
Pool FeaturesNone
PostalCityLA QUINTA
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot5
Tenant PaysElectricity
Total Actual Rent4200
Trash Expense1
Water Sewer Expense1
Year Built1974
Year Built SourceAppraiser
Exterior for 54066 Avenida Velasco
Building Area Total1900
Lot FeaturesBack Yard
Lot Size Acres0.1148
Lot Size Area5000
Lot Size SourceEstimated
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Parking FeaturesCircular Driveway, Paved, Private
Private PoolNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
