65940 5th Street, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 2 bath
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Desert Hot Springs, California 92240
This Investment-Grade Residential Asset is listed at $399,900, a stable entry point aligning with local market trends and its $389,774 Fair Market Value. Boasting a Condition Rating of 4, the home is functional but offers substantial Value-Add Potential through interior modernization. High-cost infrastructure is already addressed with a 10-year-old roof, 10-year-old AC, and newer pool equipment. The expansive quarter-acre lot features a large pool and spa with mountain views, ideal for the rental market in the Palm Springs Unified district. This motivated-seller listing is a strategic acquisition for Portfolio Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 65940 5th Street Subject | $399,900* List Price | 3 | 2 | 1,340 | $291 | - |
A 65821 Avenida Ladera Sold | $420,000 | 3 | 2 | 1,650 | $255 | 0.7 mi |
B 66042 12th Street Sold | $345,900 | 3 | 2 | 1,216 | $284 | 0.4 mi |
C 66320 12th Street Sold | $340,000 | 3 | 3 | 1,134 | $300 | 0.6 mi |
D 66591 Yucca Drive Sold | $399,000 | 4 | 2 | 1,248 | $320 | 0.9 mi |
E 66320 Avenida Barona Sold | $346,000 | 3 | 2 | 1,392 | $249 | 1.0 mi |
F 66795 66795 1st Sold | $415,000 | 3 | 2 | 1,527 | $272 | 0.9 mi |
G 9676 Del Ray Lane Pending | $356,900 List Price | 3 | 2 | 1,250 | $286 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, this property is functional and move-in ready but shows significant signs of being outdated. While major systems like the roof and AC are approximately 10 years old and the pool equipment is newer, the interior features dated tile countertops in the kitchen and bathrooms, older cabinetry, and basic light fixtures. The consistent tile flooring is a practical feature, but the overall style lacks modern renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1340.
The property boasts a large pool, spa, and oversized roofed pergolas on a nearly quarter-acre lot, providing a premium outdoor entertainment space ideal for the desert climate.
Significant capital improvements including a 10-year-old roof, a 10-year-old AC system, and newer pool equipment offer buyers reduced immediate maintenance costs.
The use of undated marketing photographs creates uncertainty regarding the current physical state of the 1970s interior, which may necessitate a more rigorous inspection process.
The seller's preference to sell four properties together and the requirement of a 1031 exchange may complicate negotiations and timelines for individual residential buyers.
Undated pictures - INVESTORS! 4 Pool & Spa Properties Available Great opportunity for investors looking to expand their portfolio. Beautiful 3BD home with huge pool and spa on nearly a ¼-acre lot. Enter through the foyer with a large closet into a spacious living room. The galley kitchen offers ample cabinetry and storage, while the primary suite features a tiled walk-in shower and matching countertops. All bedrooms are generously sized. The large backyard includes a huge pool, spa, and extra-large open roofed pergolas, perfect for entertaining. Additional highlights include a 2-car garage, RV parking, and a side yard with mature trees. Pool equipment newer, AC is 10 yr old, New roof 10 yr old Seller would prefer to sell all 4 properties together if possible. Also available: 10111 Cactus Dr. and 66176 Desert View Rd., 66344 Cactus Dr. all in Desert Hot Springs. Seller motivated! Subject to a 1031 exchange. Call for details
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,340 | 1,675 | 20% |
| Lot Size | 10,019 | 7,841 | 87% |
| Price | $399.9K | $400.0K | 48% |
| Price per sq ft | $298 | $244 | 86% |
| Built year | 1970 | 2004 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 188 | 1% |
Mar 16, 2026
$399,900
Initial Listing
Mar 7, 2012
$63,000
Public Record