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Stacey Niermann

stacey@niermannestatesgroup.com +1(714) 642-6895

$ 329,000

Est. payment | -/mo

6,534 Sqft Lot

Save

$ 329,000

Est. payment | -/mo

Save

6,534 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219151168DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1965

Lot Size 6,534 Sqft

Property Description

Prime Desert Hot Springs Investment Duplex - High-Yield PotentialMaximize 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.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Central, Electric, Forced Air, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplace No

Appliance Disposal, Gas Range, Refrigerator, Water Heater

Exterior

Parking Features Assigned

Garage Spaces 1.0

Garage Description 1.0

View Y/N No

Roof Type Flat

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Sewer Unknown

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 641142022

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Christopher Townson eXp Realty of California, Inc. #01033710

Nearby Locations

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Stacey Niermann

REALTOR® | Lic# DRE# 02167751

stacey@niermannestatesgroup.com

+1(714) 642-6895

303 N Glenoaks Blvd, Suite 200, Burbank, CA, 91502

66553 Estrella AVE Desert Hot Springs, CA 92240

Stacey Niermann

Key Details

Location

Interior

Exterior

Building

Others

66553 Estrella AVE