66229 4th, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 5 bed, 3 bath
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Desert Hot Springs, California 92240
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $449,000, which aligns with its $449,000 Fair Market Value. Featuring a Fully Permitted ADU and a 5-bed/3-bath configuration, this asset offers significant rental income potential with projected monthly returns of $3,700–$5,000. While the property holds a Condition Rating of 4, its rent-ready status allows for immediate cash flow. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage house-hacking strategies in the Palm Springs Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66229 4th Subject | $439,000* List Price | 5 | 3 | 1,674 | $262 | - |
A 66271 Buena Vista Active | $549,900 List Price | 4 | 3 | 1,718 | $320 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the listing states 'COMPLETELY REMODELED' and the interiors show fresh paint, updated white cabinets, and clean tile flooring, the renovation appears to be cosmetic and budget-focused. Both kitchens are missing essential appliances (stove/oven, refrigerator), which means they are not fully functional or 'move-in ready' without immediate purchases. The bathrooms feature basic vanities and older-style shower stalls/tub surrounds. The light fixtures are basic, and the ADU relies on wall-mounted AC units and a wall heater, not central HVAC. The property was built in 1970, and despite the refresh, the overall quality of the finishes and the missing appliances prevent it from reaching a 'Good' score. It requires significant functional additions (appliances) and could benefit from further updates to elevate its style and features.
The property has been 'ABSOLUTELY BEAUTIFUL and COMPLETELY REMODELED,' suggesting modern updates and a move-in ready condition for tenants or owners.
Features a 'Fully Permitted ADU - 2 Unit Property,' providing a legal and valuable second dwelling unit for enhanced income or multi-generational living.
Advertised as an 'ABSOLUTE CASH COW' with potential total monthly rents ranging from $3,700-$5,000, indicating strong rental income generation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1674, other record living area = 1715. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1970, the underlying structure is over 50 years old. While remodeled, potential buyers may have concerns about the integrity of original systems not explicitly updated.
The property has undergone multiple price reductions from an original list price of $499,000 to the current $449,000, which could indicate market resistance or initial overpricing.
Welcome to this ABSOLUTELY BEAUTIFUL and COMPLETELY REMODELED HOME with Fully Permitted ADU - 2 Unit Property!!! This is an ABSOLUTE CASH COW!!! With rents up to $1,500-2,000/month for the back unit (2/1) and $2,200-$3,000/month for the front unit (3/2), total monthly rents range from $3,700-$5,000. CAP RATES at 9-12%!!! Fully Vacant and rent ready. COME SEE THESE AWESOME UNITS TODAY!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 1,674 | 2,384 |
| Lot Size | 6,534 | 7,841 |
| Price | $439.0K | $584.8K |
| Price per sq ft | $262 | $232 |
| Built year | 1970 | 1954 |
| HOA | $0 | $0 |
| Days on market | 194 | 145 |
Jul 9, 2026
$439,000
$449,000
-2% Price Drop
Initial Listing
Jan 28, 2026
$449,000
$479,000
-6% Price Drop
Initial Listing
Jan 23, 2026
$479,000
$499,000
-4% Price Drop
Initial Listing
Jan 9, 2026
$499,000
Initial Listing
Apr 1, 2021
$149,000
Public Record
Oct 1, 2003
$127,000
Public Record
Aug 13, 2002
$54,000
Public Record