54066 Avenida Velasco, La Quinta, California 92253, La Quinta, 92253 - 0 bed, 0 bath
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La Quinta, California 92253
This Dual-Unit Income Asset is listed at $609,000, offering a stable entry point at its $609,000 Fair Market Value. Generating $4,200 in monthly rent, the property features two detached units with mountain views and no common walls, ensuring maximum privacy and rental appeal. Despite a Condition Rating of 4 indicating a need for modernization and minor repairs, the prime La Quinta Cove location near Old Town and Desert Sands Unified schools drives consistent tenant demand. This high-yield, no-HOA property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 54066 Avenida Velasco Subject | $589,000* List Price | 0 | 0 | 1,900 | $310 | - |
A 54066 Avenida Velasco Active | $589,000 List Price | 3 | 3 | 1,900 | $310 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this duplex is functional and currently income-generating but shows significant signs of age. While the kitchen has been partially updated with quartz countertops, the saltillo tile flooring, older cabinetry, and basic appliances are dated. The exterior shows deferred maintenance, including debris and uninstalled toilets in the yard, indicating the property requires minor repairs and modernization to meet current market standards.
This rare duplex features two completely detached single-story units with separate electric meters and no common walls, providing maximum privacy for tenants and ease of management for investors.
Situated in the desirable La Quinta Cove, the property is within walking distance to Old Town La Quinta’s premier dining and shopping, significantly increasing its rental appeal and long-term value.
With a combined monthly rental income of $4,200 and no HOA fees, this property offers an attractive yield and immediate cash flow for savvy investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1900, other record living area = 456.
The sale is contingent upon the buyer cooperating with the seller's 1031 tax-deferred exchange, which may introduce specific timelines or procedural requirements during the escrow process.
Originally built in 1974, the property may require ongoing capital expenditures for aging infrastructure or systems typical of homes from this era, despite recent cosmetic updates.
Prime La Quinta Cove income property — two homes on one lot. This rare duplex offers two detached, single-story units with separate electric meters and no common walls. The larger front unit features 2 bedrooms, 2 bathrooms, quartz countertops, central A/C, in-unit laundry, and a sauna. The rear unit offers 1 bedroom, 1 bathroom with a new A/C unit. Enjoy mountain views, a circular driveway with 4 parking spaces, and a walkable location near Old Town La Quinta, Arnold Palmer Restaurant, and Lavender Bistro. Currently back house is tenant-occupied with combined rents of $4,200 a month/$50,400 annually. No HOA. Buyer to cooperate with Seller's 1031 exchange.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1974 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 21, 2026
$589,000
$595,000
-1% Price Drop
Initial Listing
Apr 10, 2026
$595,000
$599,000
-1% Price Drop
Initial Listing
Apr 3, 2026
$599,000
$609,000
-2% Price Drop
Initial Listing
Mar 22, 2026
$609,000
$619,999
-2% Price Drop
Initial Listing
Mar 6, 2026
$619,999
Initial Listing
May 13, 2022
$490,000
Public Record
Mar 9, 2012
$114,000
Public Record
Nov 1, 2002
$125,000
Public Record