Price Reduced Listing66553 Estrella Avenue,Desert Hot Springs, CA 92240
Desert Hot Springs, CA 92240
Description
Prime Desert Hot Springs Investment Duplex - Rent increases can be made now!Maximize 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. Condition: Both tenants are long time occupants, and both units require some 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 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 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 plenty of parking out in front on the street. 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 digitally altered to remove furniture and tenant property for a better visual of the layout. The original unedited photo is also included for reference.
Details
| MLS # | 219151168DA |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 52 |
| Listing Provided By | eXp Realty of California, Inc. | Christopher Townson |
Features
| Garage | 1 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Acreage | 0.15 |
Interior
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | Central, Electric, Forced Air, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Disposal, Gas Range, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Unknown |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Desert Hot Springs |
| Zip Code | 92240 |
| Area | 340 Desert Hot Springs |
| Community Name | Not Applicable 1 |
| Listing VS Median (in Not Applicable 1) | |
Price: $259,000 low | high Med: $399,000 On site: 52 low | high Med: 73 | |
Market Activity 92240
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Desert Hot Springs |
| Zip Code | 92240 |
| Area | 340 Desert Hot Springs |
| Community Name | Not Applicable 1 |
| Listing VS Median (in Not Applicable 1) | |
Price: $259,000 low | high Med: $399,000 On site: 52 low | high Med: 73 | |
