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$329,000
2 Beds ⋅ 3 Baths ⋅ 219151168 MLS
Prime Desert Hot Springs Investment Duplex - High-Yield Potential 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. Some cosmetic improvements would allow for nice rent increases. 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 2 off-street spaces for the front unit. The rear unit features massive alley-access parking that easily accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). 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.

66553 Estrella Avenue, Desert Hot Springs
$339,950
4 Beds ⋅ 2 Baths ⋅ 219150828 MLS
Maximize your rental yield with this turnkey, centrally located duplex in the heart of Desert Hot Springs. Featuring strong tenant history, individual meters, and good rental history. This asset is optimized for cash flow from day one. OVERSIZED HOMES: Note these units are extremely easy to rent due to their rare and huge 1144 sq foot living spaces. Financial Highlights: Gross Rental Income: Unit A (2 Bed / 1 Bath): Generates $1,495/month in market-rate rent from a reliable occupant. Deposit is $1495. Lease term began 4-10-26 and expires 3-31-27. Unit B (2 Bed / 1 Bath): Generates $1,330/month with predictable, with approx. 50% government-backed HAP assistance payments. Deposit is $1250. Lease term began 1/20/23. Last rent increase was effective 1-1-25 so unit is eligible for rent increase any time. Utility Expenses: Units are individually metered for electricity and gas so tenant pays for these expenses. Owner Expenses: Covered costs are water, sewer and trash services. Property Configurations & Amenities: Spacious Layouts: Mirrored floorplans boasting 1,144 square feet of optimized living space per unit. Climate Control: Energy-efficient central heating and AC paired with cooling ceramic tile and luxury vinyl bedroom flooring. Kitchens: Full appliance setups including a dishwasher, gas stove, and refrigerator with a built-in breakfast bar. In-Unit Laundry: Separate laundry inside each unit to maximize tenant retention and convenience. Exterior Features: Large, covered front patios for outdoor relaxation and off-street parking accommodating up to four vehicles. Possible small RV or boat parking too. Prime Central Location: Walker's Paradise: Located in central Desert Hot Springs with a two-minute walk to daily necessities like the Dollar General and dining at Las Palmas Mexican Restaurant.

66445 5th Street, Desert Hot Springs