2 Beds
3 Baths
1,355 SqFt
2 Beds
3 Baths
1,355 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,355 sqft
Price per Sqft $191
MLS Listing ID 219151168
Style Hacienda
Bedrooms 2
Full Baths 3
HOA Y/N No
Year Built 1965
Lot Size 6,534 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Central, Forced Air, Wall Furnace, Electric
Cooling Air Conditioning, Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Garage Spaces 1.0
Fence Wood, Partial
Utilities Available Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
View Y/N false
Private Pool No
Building
Story 1
Entry Level Ground Level, No Unit Above,One
Sewer Unknown
Architectural Style Hacienda
Level or Stories Ground Level, No Unit Above, One
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
Agent License ID: S.0190553 | DRE 02166059
+1(760) 567-3436 | katarina@craftbauer.com