10111 Cactus Drive, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 2 bed, 3 bath
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Desert Hot Springs, California 92240
This Santa Fe-style Investment Asset is a Strong Value Opportunity listed at $449,900—positioned well below the $458,870 Fair Market Value by 1%. This valuation gap provides $8,970 in Instant Equity. Despite a Condition Rating of 4, the property boasts a recently resurfaced private pool and spa, Saltillo tile flooring, and high lot utilization with RV parking. Located in the Palm Springs Unified district with mountain views, the home is currently income-generating through 2026. This is an optimal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10111 Cactus Drive Subject | $449,900* List Price | 2 | 3 | 1,900 | $242 | - |
A 65821 Avenida Ladera Sold | $420,000 | 3 | 2 | 1,650 | $255 | 0.5 mi |
B 66167 14th Street Sold | $550,000 | 3 | 2 | 1,881 | $292 | 0.2 mi |
C 9095 Calle Barranca Sold | $435,000 | 3 | 2 | 1,739 | $250 | 0.6 mi |
D 9375 Santa Cruz Road Sold | $379,000 | 3 | 2 | 1,732 | $219 | 0.4 mi |
E 66635 Casa Grande Drive Sold | $512,500 | 3 | 2 | 2,107 | $243 | 0.5 mi |
F 66034 Santa Rosa Active | $389,900 List Price | 3 | 2 | 1,837 | $212 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this property is nearly 30 years old and retains most of its original interior features, which are now dated. The kitchen and bathrooms feature 1990s-style tile countertops and older cabinetry. The kitchen includes dated fluorescent light boxes and white appliances that, while functional, do not meet modern luxury standards. While the Saltillo tile flooring is a durable style choice and the pool has been recently resurfaced, the lack of significant interior renovations to the major systems and living areas aligns with the 'fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1900.
The private pool and spa were recently resurfaced and equipped with a new pump within the last year, providing significant value and reducing immediate maintenance concerns for the buyer.
The home features distinctive Santa Fe-style elements, including Saltillo tile flooring, high ceilings, arched entries, and a double-sided fireplace, offering a high-character aesthetic that stands out in the market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The property is currently rented through October 2026, which limits the appeal for owner-occupant buyers and requires an investor comfortable with a long-term tenant commitment.
The seller's preference to sell four properties as a portfolio and the requirement for a 1031 exchange buyer may narrow the pool of potential suitors and complicate the closing process.
INVESTORS! 4 Pool & Spa Properties Available Beautiful Santa Fe–style Pool & Spa home offering approximately 1,900 sq ft. This 2-bedroom plus large den home features Saltillo tile flooring throughout, a spacious living room with bar area between the den and dining room, high ceilings, arched entries, ceiling fans, and a cozy double-sided fireplace that opens to the master suite.The large U-shaped tile kitchen offers ample cabinetry, wall microwave, wall oven, and 5 burner cooktop. The master suite includes dual sinks, a separate walk-in tile shower, and direct access to the backyard pool area. Guest bathroom features a garden tub to relax in. Additional highlights include a 2-car garage, large backyard, and a great location near Mission Lakes Blvd and Palm Dr. Currently rented through October 2026, making it an excellent investment opportunity. Although the tenant is looking to move sooner. Seller would prefer to sell all four properties together if possible. Pool was resurfaced last year & also the pump was replaced. RV parking on the side of the house. Other available properties: • 66344 Cactus Dr. • 66176 Desert View Ave * 65940 5th St. All located in Desert Hot Springs. Call for details. Buyer to work w/1031 exchange
No exterior & parking available.
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.1 mi
Grades K-12 • 11.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,900 | 1,687 | 70% |
| Lot Size | 9,148 | 7,841 | 72% |
| Price | $449.9K | $400.0K | 72% |
| Price per sq ft | $237 | $244 | 42% |
| Built year | 1995 | 2004 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 188 | 1% |
Mar 16, 2026
$449,900
Initial Listing
Aug 1, 2011
$106,500
Public Record
Oct 27, 2004
$296,500
Public Record
Dec 9, 2003
$232,000
Public Record
May 24, 2002
$154,000
Public Record