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4 Unit Motel/Apartment 66665 1st St 4 Unit Apartment Building $595,000 ($148,750/Unit) Desert Hot Springs, CA 92240
EXECUTIVE SUMMARY
A smart investment with built-in income and room to grow, this centrally located Desert Hot Springs four-plex offers flexibility, steady cash flow, and the potential to add even more value over time.
The property features three studio units currently operating as Airbnb rentals, each generating approximately $1,200 per month, along with a two-bedroom, two-bath unit leased as a long-term rental. This balanced unit mix allows for multiple income options while providing immediate returns.
Amenities include a fenced pool, a separate lounging area for outdoor relaxation, and on-site parking designated for tenants. The layout supports both short-term and long-term occupancy, making the property appealing to a broad range of renters.
Adding significant value is the adjacent lot, which is included in the sale and part of the same parcel as the four-plex. The lot cannot be sold separately. The City of Desert Hot Springs has indicated it would be approved for permits for either an ADU or a duplex featuring two-bedroom, two-bath units and a two-car garage, offering a clear opportunity to expand the property and increase rental income over time.
Conveniently located near downtown Desert Hot Springs with easy access to main roads, shopping, and everyday essentials, this property offers a compelling opportunity for investors seeking income today with the ability to grow tomorrow.
The property features three studio units currently operating as Airbnb rentals, each generating approximately $1,200 per month, along with a two-bedroom, two-bath unit leased as a long-term rental. This balanced unit mix allows for multiple income options while providing immediate returns.
Amenities include a fenced pool, a separate lounging area for outdoor relaxation, and on-site parking designated for tenants. The layout supports both short-term and long-term occupancy, making the property appealing to a broad range of renters.
Adding significant value is the adjacent lot, which is included in the sale and part of the same parcel as the four-plex. The lot cannot be sold separately. The City of Desert Hot Springs has indicated it would be approved for permits for either an ADU or a duplex featuring two-bedroom, two-bath units and a two-car garage, offering a clear opportunity to expand the property and increase rental income over time.
Conveniently located near downtown Desert Hot Springs with easy access to main roads, shopping, and everyday essentials, this property offers a compelling opportunity for investors seeking income today with the ability to grow tomorrow.
PROPERTY FACTS
| Price | $595,000 | Building Class | C |
| Price Per Unit | $148,750 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | TR | ||
| Price | $595,000 |
| Price Per Unit | $148,750 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,200 | - |
| 2+2 | 1 | $1,650 | - |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 639-294-022 | Improvements Assessment | $184,647 |
| Land Assessment | $47,055 | Total Assessment | $231,702 |
PROPERTY TAXES
Parcel Number
639-294-022
Land Assessment
$47,055
Improvements Assessment
$184,647
Total Assessment
$231,702
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4 Unit Motel/Apartment | 66665 1st St
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