13405 Ocotillo Road, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 16 bed, 8 bath
ACTIVE$1,500,000
13405 Ocotillo Road, Desert Hot Springs, California 92240
16Beds
8Baths
7,455Sqft
17,424Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Robust Investment Opportunity: Positioned as a prime multifamily investment with 8 units, offering significant potential for long-term income generation and high ROI through value-add strategies and fix-and-flip ventures.
Top Cons:
Age & Implied Renovation Needs: Built in 1987, the property's age, coupled with its positioning as a 'value-add' and 'fix-and-flip' opportunity, strongly suggests a need for substantial renovations and updates to modernize and maximize its market potential.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1987 (38 years old).
Condition: Built in 1987, this multifamily property is aged but appears functional. The images reveal dated interiors, particularly in the kitchen (older cabinets, white appliances, laminate countertops, linoleum flooring) and bathrooms (older vanities, fixtures, and tile surrounds). While the description notes 'solidly built units,' the overall aesthetic, including carpets and light fixtures, suggests the property has not undergone major renovations in decades. It is a 'value-add prospect' and 'fix-and-flip venture,' indicating it requires significant cosmetic and system updates to meet current market expectations, aligning with the 'fair' condition criteria.
Year Built
1987
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$201
HOA
-
Days on market
-
Sold On
-
MLS number
SW25109960
Home ConditionFair
Features
Patio
ViewCourtyard, Desert, Neighborhood
About this home
Introducing Diva in the Desert - a prime investment opportunity located at 13405 Ocotillo Road, Desert Hot Springs, CA 92240. This multifamily property features 8 solidly built units, each boasting 2 bedrooms, 1 bath, and approximately 900 sqft of space. With washer-dryer connections, dishwashers, and spacious patios/balconies in each unit, the property offers a comfortable living experience. Strategically situated near the I-10 freeway and close to shopping and employment hubs, this gem built in 1987 presents a lucrative value-add prospect for an owner-operator. Highlights include the potential for income growth through additional parking, pet rent, and new amenities. The property's ideal apartment size caters to various households, ensuring steady demand. This long-term income generator also sets the stage for a high ROI fix-and-flip venture. Don't miss the chance to own a piece of the desert's charm with Diva in the Desert.
Condition Rating
Fair
Built in 1987, this multifamily property is aged but appears functional. The images reveal dated interiors, particularly in the kitchen (older cabinets, white appliances, laminate countertops, linoleum flooring) and bathrooms (older vanities, fixtures, and tile surrounds). While the description notes 'solidly built units,' the overall aesthetic, including carpets and light fixtures, suggests the property has not undergone major renovations in decades. It is a 'value-add prospect' and 'fix-and-flip venture,' indicating it requires significant cosmetic and system updates to meet current market expectations, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Robust Investment Opportunity: Positioned as a prime multifamily investment with 8 units, offering significant potential for long-term income generation and high ROI through value-add strategies and fix-and-flip ventures.
Clear Value-Add Potential: Explicit opportunities for income growth exist through implementing additional parking solutions, pet rent policies, and introducing new amenities, allowing for increased revenue streams.
Strategic & Convenient Location: The property benefits from a strategic location near the I-10 freeway, shopping centers, and employment hubs, enhancing tenant desirability and ensuring steady demand.
Functional Unit Configuration: Each of the 8 units features a practical 2-bedroom, 1-bathroom layout, approximately 900 sqft, equipped with in-unit washer-dryer connections, dishwashers, and private patios/balconies, appealing to a broad tenant base.
Solid Construction Base: Described as 'solidly built units,' indicating a good foundational structure that can support future renovations and minimize immediate structural concerns.
Cons
Age & Implied Renovation Needs: Built in 1987, the property's age, coupled with its positioning as a 'value-add' and 'fix-and-flip' opportunity, strongly suggests a need for substantial renovations and updates to modernize and maximize its market potential.
Recent Price Reduction: The property has undergone a price reduction from $1.6 million to $1.5 million, which could indicate initial overpricing or a slower-than-anticipated market response, potentially affecting perceived value or time on market.
Undefined Current Amenity Level: While units have basic modern conveniences, the emphasis on adding 'new amenities' as a value-add strategy implies that the current amenity package may be dated or insufficient to command top-tier rents without further investment.