About 66338 2nd St Street
Income Property in Desert Hot Springs - Fully Occupied & Updated
Excellent 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.
