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66351 1st Street 66351 1st St 5 Unit Apartment Building $1,100,000 ($220,000/Unit) 4.04% Cap Rate Desert Hot Springs, CA 92240

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Investment Highlights

Great location one block off Pierson
100% occupied below market rents

Ample off street parking

Executive Summary

One bedroom one bathroom units comes with a big living room, good size kitchen, separate bathroom and roomy bedroom. Located close to downtown these units are within walking distance of stores and entertainment. Ample off street parking. Easily rented although currently 100% occupied. Value add opportunity.

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$75,396	$25.13
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$75,396	$25.13
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$30,997	$10.33
Net Operating Income	$44,399	$14.80

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$75,396
Annual Per SF	$25.13

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$75,396
Annual Per SF	$25.13

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$30,997
Annual Per SF	$10.33

Net Operating Income
Annual	$44,399
Annual Per SF	$14.80

Property Facts

Price	$1,100,000	Building Class	C
Price Per Unit	$220,000	Lot Size	0.31 AC
Sale Type	Investment	Building Size	3,000 SF
Cap Rate	4.04%	Average Occupancy	100%
Gross Rent Multiplier	14.59	No. Stories	1
No. Units	5	Year Built	1972
Property Type	Multifamily	Parking Ratio	3.33/1,000 SF
Property Subtype	Apartment Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	VS-MU - Multi Unit Residential

Price	$1,100,000
Price Per Unit	$220,000
Sale Type	Investment
Cap Rate	4.04%
Gross Rent Multiplier	14.59
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.31 AC
Building Size	3,000 SF
Average Occupancy	100%
No. Stories	1
Year Built	1972
Parking Ratio	3.33/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	VS-MU - Multi Unit Residential

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	5	-	-

1 1

Fairly walkable

40/100

Moderately drivable

70/100

Limited public transit

30/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Number	639-252-010	Improvements Assessment	$203,099
Land Assessment	$87,041	Total Assessment	$290,140

Property Taxes

Parcel Number

639-252-010

Land Assessment

$87,041

Improvements Assessment

$203,099

Total Assessment

$290,140

(760) 908-6621

Contact

Greg Gardner
Realty West Commercial

Listing ID: 40904545
Date on Market: 6/12/2026
Last Updated:
Address: 66351 1st St, Desert Hot Springs, CA 92240

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66351 1st Street | 66351 1st St

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