$589,000
About this home
4-UNITS: fully remodeled, 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. OR live in one and rent the others - great options.
Facts & features
- Bathrooms
- 0
- Appliances
- Dishwasher, Refrigerator, Water Heater
- Flooring
- Laminate
- Heating
- Electric
- Cooling
- Wall Window Units
- Lot size
- 0.25 acres (10,890 sq ft)
- Year built
- 1965
- Parking
- Driveway
- Parking spaces
- 8
- Area
- 340 - Desert Hot Springs
- County
- Riverside
- Status
- Active
- Property type
- Residential Income
- Days on market
- 1
- Listed
- 2026-05-18
- Terms
- Cash, Conventional, Exchange 1031, FHA, Va Loan
- Parcel #
- 639032027
- MLS #
- 219148018DA
