66194 1st Street, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 1 bath
ACTIVE$250,000$959/sqft
Est. Value: $197,671
-20%
AboveEstimate
66194 1st Street, Desert Hot Springs, California 92240
3Beds
1Bath
959Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($197,670.92) is $52,329.08 (20%) lower than the list price ($250,000). This property may be overpriced.
Key pros and cons
Top Pros:
R-3 Zoning & Development Potential: The R-3 zoning offers significant flexibility for future use and development, including multi-family possibilities (buyer to verify), presenting a strong investment opportunity.
Top Cons:
Age and Condition (Built 1946): As a 1946 build, the property likely requires significant updates to systems, finishes, and overall modernization, implying immediate capital expenditure for the buyer.
Compared to the nearby listings
Price:$250.0K vs avg $405.0K ($-155,000)4%
Size:959 sqft vs avg 1,635 sqft2%
Price/sqft:$261 vs avg $25159%
More Insights
Built in 1946 (80 years old).
Condition: Built in 1946, this property shows significant age and wear. While some minor updates like laminate flooring, a mini-split AC unit, and a tiled shower are present, the kitchen features dated tiled countertops and cabinets, and the overall condition suggests major systems (electrical, plumbing, HVAC, windows) are likely original or very old and require substantial rehabilitation. The listing itself describes it as a 'solid starting point' needing 'significant updates to systems, finishes, and overall modernization,' aligning with the 'poor' condition criteria.
Year Built
1946
Close
-
List price
$250K
Original List price
$295K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
219140166DA
Home ConditionPoor
Features
View-
About this home
An opportunity filled with potential, this property is zoned R-3, offering flexibility for future use and development (buyer to verify). The expansive yard provides ample space and may be suitable for an ADU or additional structures, subject to city approval.The existing home offers a solid starting point for those looking to add value over time. With its zoning, lot size, and layout, the property presents strong potential for a variety of residential possibilities.Located near local amenities and major routes, this property invites vision and planning for what could be created next. Buyers are encouraged to verify zoning, development options, and intended use with the appropriate local agencies.
J
Jacqueline Esparza
Listing Agent
Condition Rating
Poor
Built in 1946, this property shows significant age and wear. While some minor updates like laminate flooring, a mini-split AC unit, and a tiled shower are present, the kitchen features dated tiled countertops and cabinets, and the overall condition suggests major systems (electrical, plumbing, HVAC, windows) are likely original or very old and require substantial rehabilitation. The listing itself describes it as a 'solid starting point' needing 'significant updates to systems, finishes, and overall modernization,' aligning with the 'poor' condition criteria.
Pros & Cons
Pros
R-3 Zoning & Development Potential: The R-3 zoning offers significant flexibility for future use and development, including multi-family possibilities (buyer to verify), presenting a strong investment opportunity.
Expansive Lot with ADU Potential: The generous 6,534 sqft lot provides ample space for expansion, an Accessory Dwelling Unit (ADU), or additional structures, subject to city approval, enhancing its long-term value.
Significant Value-Add Opportunity: Described as a 'solid starting point,' this property is ideal for buyers looking to invest and add substantial value through renovation and customization, allowing for personalized improvements.
Recent Price Reduction: A notable price drop from $295,000 to $250,000 makes this property a more attractive and competitive investment, potentially offering immediate equity.
Strategic Location: Conveniently located near local amenities and major routes, offering good accessibility and potential for future growth within Desert Hot Springs.
Cons
Age and Condition (Built 1946): As a 1946 build, the property likely requires significant updates to systems, finishes, and overall modernization, implying immediate capital expenditure for the buyer.
Limited Bathroom Count: With only one bathroom for three bedrooms, this could be a practical inconvenience and a drawback for families or those seeking more modern living standards.
Extensive Buyer Due Diligence Required: The listing explicitly places the burden on the buyer to verify all zoning, development options, and intended uses, which can be a complex and time-consuming process.