- $446k Price
- .15 Acres
- 90 DOM
66338 2nd St Street
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.
Essential Information
- MLS® #219142976DA
- Price$446,000
- Bathrooms0.00
- Acres0.15
- Year Built1942
- TypeResidential Income
- StatusActive
Community Information
- Address66338 2nd St Street
- Area340 - Desert Hot Springs
- SubdivisionNot Applicable-1
- CityDesert Hot Springs
- CountyRiverside
- Zip Code92240
Amenities
- Parking Spaces4
- ParkingDriveway
- GaragesDriveway
Interior
- HeatingCentral
- CoolingWall/Window Unit(s)
- # of Stories1
- StoriesOne
Additional Information
- Date ListedFebruary 9th, 2026
- Days on Market90
Listing Details
- AgentRichard Macmillan
- OfficeEquity Union
Richard Macmillan, Equity Union.
Based on information from California Regional Multiple Listing Service, Inc. as of May 10th, 2026 at 1:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.