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Desert Hot Springs,CA 92240
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,115 sqft
Price per Sqft $528
MLS Listing ID 25497707PS
Bedrooms 3
Year Built 1964
Lot Size 0.630 Acres
Property Description
Investor's Dream Property! A rare and lucrative income-generating opportunity awaits! This prime investment property, located just outside the city limits of Desert Hot Springs, offers stunning panoramic views of three majestic mountain ranges, all while being just minutes away from the excitement of Palm Springs. The property features a well-maintained single-family home with an attached Junior ADU, plus a spacious detached ADU. The primary residence is a 2-bedroom, 1-bath home, with the third bedroom and second bath converted into a Junior ADU (not permitted), complete with its own kitchen and generating $1,500/month in rental income. The detached ADU, a grandfathered recreation room conversion, offers 1 bedroom, 1 bath, and a fully equipped kitchen, bringing in an additional $1,800/month. The main house can be rented for between $2,200 - $2,400/month, offering substantial potential for ongoing revenue. Unit 4 represents a RV/5th Wheel with utilities hook up and projected rent is $1,250/month. A separate laundry room located beneath a covered patio, with exterior access, serves all three units for added convenience. Every unit has been meticulously remodeled, with top-tier finishes including white quartz countertops, brand-new appliances, custom cabinetry, energy-efficient LED lighting, and mini-split HVAC units for ultimate comfort and efficiency. The property sits on a generous 2/3-acre lot (approximately 100 feet wide by 300 feet deep), offering abundant space for expansion or additional development. Half of the rear lot is flat and vacant, providing a perfect opportunity for adding more structures or utilizing the land for other purposes. The entire property is securely fenced with a 6-foot tall, newer wood fence, ensuring privacy. Rear alley access from the southwest corner adds convenience, and a sliding metal/wood gate at both the front and rear of the lot provides easy access and security. For those with recreational vehicles, this property includes full RV hookups, with 30/50 amp electric, water, and sewer connections. Additionally, there are two storage sheds one attached, and one detached offering ample room for all your storage needs. Zoned W-2, the property allows for a range of uses, including single-family, agricultural, ADU, home business, and more. The flexibility this property offers is unmatched, making it an ideal choice for savvy investors seeking long-term returns. This is an exceptional opportunity to invest in a property with tremendous income potential and future growth possibilities. A must-see for any serious investor!
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Zoning W-2
Rooms
Other Rooms Guest House,Shed(s)
Interior
Heating Central,Forced Air
Cooling Central Air
Flooring Wood
Fireplaces Type None
Laundry Inside,Laundry Closet
Exterior
Parking Features Controlled Entrance,Electric Gate,Gravel,RV Hook-Ups,Uncovered
Pool None
View Y/N Yes
View City Lights,Mountain(s)
Roof Type Tar/Gravel
Building
Story 1
Foundation Slab
Sewer Septic Type Unknown
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard