Homes for sale - 11583 Cactus DR, Desert Hot Springs, CA 92240

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Katarina Luptowitz

katarina@craftbauer.com +1(760) 567-3436

$ 574,850

Est. payment | -/mo

6 Beds

4 Baths

2,574 SqFt

Save

$ 574,850

Est. payment | -/mo

Save

6 Beds

4 Baths

2,574 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,574 sqft

Price per Sqft $223

MLS Listing ID 219132798

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1956

Lot Size 9,583 Sqft

Acres 0.22

Property Description

Price improved to $574,850. Excellent opportunity to acquire a fully occupied, income-producing triplex with upside potential through future rent increases and implementation of RUBS for utility reimbursement. Situated on the corner of Cactus Drive and 3rd Street, just blocks from downtown Desert Hot Springs, the property offers a strong unit mix consisting of a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. All units feature tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system currently covering all electrical costs, significantly reducing operating expenses. Recent improvements include fresh exterior paint, refinished stucco edges, partial exterior drywall replacement, new fencing, and updated landscaping. The owner also added a 45-foot RV parking area. Interior upgrades include new ceiling fans, lighting, interior paint, new doors and locks, as well as drywall touch-ups and a newly installed main A/C unit. With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking consistent cash flow and long-term appreciation. Please do not disturb tenants. Contact listing broker for more information.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Balcony

Garage Spaces 4.0

Fence Fenced

View Y/N true

View Mountain(s)

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer In, Connected and Paid

Level or Stories Two

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, VA Loan

Listing Terms Cash, Cash to New Loan, VA Loan

Special Listing Condition Standard

Listed by Wilson-Meade Commercial Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 567-3436

katarina@craftbauer.com

435 N Palm Canyon Dr, Palm Springs, CA, 92262, USA

11583 Cactus DR Desert Hot Springs, CA 92240