
Desert Hot Springs, California 92240
This 3-bedroom Investment-Grade Residential Asset is listed at $399,900, representing a stable entry point aligned with its $396,976 Fair Market Value. The property features a rare indoor pool and spa, mountain views, and a Fair Condition Rating, offering clear value-add potential through interior modernization and the addition of an ADU on the expansive 13,068 sqft lot. Located within the Palm Springs Unified district, this tenant-occupied home is part of a strategic four-property portfolio for a 1031 exchange. It is a high-potential acquisition for Buy-and-Hold Investors or Portfolio Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66176 Desert View Avenue Subject | $399,900* List Price | 3 | 2 | 1,532 | $259 | - |
A 66262 4th Street Sold | $358,000 | 3 | 3 | 1,889 | $190 | 0.5 mi |
B 66795 66795 1st Sold | $415,000 | 3 | 2 | 1,527 | $272 | 0.7 mi |
C 66835 1st Street Sold | $328,000 | 3 | 2 | 1,467 | $224 | 0.7 mi |
D 66846 Desert View Avenue Sold | $280,000 | 3 | 2 | 1,402 | $200 | 0.7 mi |
E 66304 8th Street Sold | $374,900 | 3 | 2 | 1,595 | $235 | 0.8 mi |
F 65940 5th Street Active | $399,900 List Price | 3 | 2 | 1,340 | $298 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is functional but shows significant signs of age. The kitchen features dated white tile countertops and older cabinetry styles. While the listing notes some maintained systems like a 7-year-old AC and a resurfaced indoor pool, the overall interior—including the tile flooring, brick archways, and general fixtures—reflects a lack of recent comprehensive renovation, placing it firmly in the fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1532.
The property features a rare indoor pool and spa, providing a year-round private retreat and a distinct competitive advantage in the Desert Hot Springs market.
Situated on a generous 13,068 sqft lot, the property offers ample space for an ADU and is part of a larger 4-property portfolio ideal for seasoned investors looking to scale.
Current tenant occupancy limits immediate showings, and the reliance on older marketing photos may not accurately reflect the property's present condition.
The requirement for a 1031 exchange and the seller's preference for a bulk portfolio sale may complicate the acquisition process for traditional individual buyers.
INVESTORS! 4 Pool & Spa Properties Available Great opportunity for investors looking to expand their portfolio. Beautiful 4BD home with an INDOOR pool & spa on almost 1/3 acre lot! Plenty of space for an ADU. Features include a large G-shaped kitchen with an island that offers plenty of cabinetry and storage. Spacious layout with a large living room, dining area, and family room. There's tile flooring throughout, ceiling fans. Newer doors, newer pool resurface & Ac 7yrs old. The master suite features a walk-in shower and walk-in closet. Enjoy the spacious backyard with an open patio & room for entertaining or future possibilities. Currently rented but will be vacant soon. Seller would prefer to sell all 4 properties together if possible. Also available: 10111 Cactus Dr. and 66344 Cactus Dr, 65940 5th St, all in Desert Hot Springs. Pictures are from the last time it was vacant. Will update as soon as access is granted into the home. 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 | 1,532 | 1,673.5 | 37% |
| Lot Size | 13,068 | 7,841 | 93% |
| Price | $399.9K | $400.0K | 49% |
| Price per sq ft | $261 | $243 | 67% |
| Built year | 1978 | 2004 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 190 | 1% |
Mar 16, 2026
$399,900
Initial Listing
Feb 19, 2016
$140,000
Public Record
Feb 6, 2009
$45,000
Public Record