54066 Avenida Velasco, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 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, no common walls, and quartz countertops, 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 | 3 | 3 | 1,900 | $310 | - |
A 54066 Avenida Velasco Active | $589,000 List Price | 0 | 0 | 1,900 | $310 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1974, this property shows signs of age with some partial updates. While the kitchen features newer quartz countertops and stainless steel appliances, the cabinets appear to be older painted units. The Saltillo tile flooring and basic bathroom finishes, including what appears to be worn or painted flooring in the bath, reflect a property that has been maintained with occasional updates rather than undergoing a comprehensive modern renovation.
This rare detached duplex generates a strong $4,200 monthly income with separate electric meters, offering excellent flexibility for investors or owner-occupants looking to offset their mortgage.
Situated in the desirable La Quinta Cove, the property is within walking distance to Old Town La Quinta and premier dining, all while offering scenic mountain views and no HOA fees.
Unlike traditional duplexes, these units are completely detached with no common walls, providing enhanced privacy for tenants and a circular driveway that accommodates four vehicles.
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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Originally built in 1974, the property may require ongoing maintenance or future capital improvements to aging infrastructure systems common in homes of this vintage.
With two detached units situated on a 5,000-square-foot lot, private yard space for each individual unit is relatively constrained compared to standard single-family residences.
Prime La Quinta Cove — 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. Live in one and rent the other for extra income.
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 21, 2026
$609,000
Initial Listing
May 13, 2022
$490,000
Public Record
Mar 9, 2012
$114,000
Public Record
Nov 1, 2002
$125,000
Public Record