0 Upland Way, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 2 bath

0 Upland Way, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$575,000
0 Upland Way, Desert Hot Springs, California 92240
3Beds
2Baths
2,136Sqft
10,890Lot
Year Built
2024
Close
-
List price
$575K
Original List price
$855K
Price/Sqft
$269
HOA
-
Days on market
-
Sold On
-
MLS number
219114370PS
Home ConditionExcellent
Features
Good View: Desert, Mountain(s)
ViewDesert, Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $575.0K(95th), sqft - 2136(87th), beds - 3(50th), baths - 2(50th).

NEW CONSTRUCTION. a 3 unit, detached home project is underway in the Hills of Desert Hot Springs. The units are all 3br,2ba. Approximately 1400 sf. All homes will showcase water proof flooring, corian kitchen counter tops with wooden cabinets and stainless steel 25 cu. ft. refrigerator, macro wave, Gas range, and dishwasher. There is a full laundry room washer/dryer and pantry shelves. The bedroom and living room show overhead fans with full carpets. The master bath contains a full 60-inch shower and stand alone tub. There is A/C throughout and carports with work cabinets. The hillside location provides valley v8ews and only 5 minutes to downtown area.The rental income will produce approximately $68,000 of Net income before debt service. The tax benefit will $ per year on a 15 year Accelerated Depreciation., effectively providing Tax Deferred income. Consult your Tax Advisor to determine the estimated amount based on the projected income the approximate $68,000.Anticipated tax reduction based on 27 1/2 year straight-line depreciation schedule. Year 1 includes 60% of landscaping and other costs, $38,734 Year 2 through 27 1/2 $24,334 equals $671,417

Condition Rating
Excellent

This is a brand new construction property (built 2024), which inherently places it in the 'Excellent' category. The listing explicitly states 'NEW CONSTRUCTION' and details modern features such as waterproof flooring, Corian kitchen countertops with new wooden cabinets, new stainless steel appliances (refrigerator, microwave, gas range, dishwasher), and a master bath with a 60-inch shower and stand-alone tub. All systems, including A/C, are new, ensuring no deferred maintenance and meeting current quality standards. The provided image is an architectural rendering, consistent with a new build.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 2136.
New Construction: Built in 2024, this property offers modern design, energy efficiency, and minimal immediate maintenance, appealing to buyers seeking a move-in ready home.
Strong Investment Potential: The property is explicitly marketed with high projected rental income of approximately $68,000 (net before debt service) and significant tax benefits through accelerated depreciation, making it attractive to investors.
Modern Interior Finishes & Appliances: Equipped with waterproof flooring, Corian countertops, wooden cabinets, new stainless steel appliances (refrigerator, microwave, gas range, dishwasher), and a luxurious master bath with a stand-alone tub, enhancing its contemporary appeal.
Scenic Views & Convenient Location: The hillside location provides desirable valley and mountain views, coupled with excellent accessibility, being only 5 minutes from the downtown area.
Comprehensive Practical Amenities: Includes essential features like A/C throughout, a full laundry room with washer/dryer and pantry shelves, and carports with work cabinets, offering practical comfort and utility.

Cons

Significant Price Adjustment: The substantial reduction from an original list price of $855,000 to $575,000 suggests an initial overvaluation or challenges in attracting buyers, which might raise questions about market perception or value.
Ambiguous Property Description: The listing describes a '3 unit, detached home project' while also classifying the property as a 'Single Family Residence' with 2136 sqft (contradicting the 'approximately 1400 sf' mentioned for units), potentially causing confusion regarding the property type, community structure, or shared elements.
Lack of Enclosed Garage: While carports with work cabinets are provided, the absence of an enclosed garage might be a drawback for buyers seeking more secure parking, additional storage, or protection from the elements, especially at this price point.

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