66229 4th, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 5 bed, 3 bath
ACTIVE$499,000$1,674/sqft
66229 4th, Desert Hot Springs, California 92240
5Beds
3Baths
1,674Sqft
6,534Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property is explicitly marketed as an 'ABSOLUTE CASH COW' with projected total monthly rents ranging from $3,700-$5,000 and impressive CAP RATES of 9-12%, indicating strong investment returns.
Top Cons:
MLS Listing Discrepancy: 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.
Compared to the nearby listings
Price:$499.0K vs avg $464.5K (+$34,500)50%
Size:1,674 sqft vs avg 1,587 sqft50%
Price/sqft:$298 vs avg $29250%
More Insights
Built in 1970 (56 years old).
Condition: The property is described as 'COMPLETELY REMODELED' and appears move-in/rent-ready with fresh paint, updated kitchen cabinets and countertops, and clean, functional bathrooms in both units. The tile flooring throughout is well-maintained. While the original structure was built in 1970, the recent renovations address cosmetic needs, making it immediately habitable. However, the basic style of the updates, absence of visible high-end appliances (especially in the main kitchen), and mixed heating/cooling solutions (wall heater, mini-split, window AC in ADU) prevent it from achieving an 'Excellent' rating. It is a solid, functional, and recently updated property.
Year Built
1970
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$298
HOA
-
Days on market
-
Sold On
-
MLS number
IG26005663
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood
About this home
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!!!
S
Stephen Gyllenhammer
Listing Agent
Price History
Date
Event
Price
04/01/21
Sold
$149,000
10/01/03
Sold
$127,000
08/13/02
Sold
$54,000
Condition Rating
Good
The property is described as 'COMPLETELY REMODELED' and appears move-in/rent-ready with fresh paint, updated kitchen cabinets and countertops, and clean, functional bathrooms in both units. The tile flooring throughout is well-maintained. While the original structure was built in 1970, the recent renovations address cosmetic needs, making it immediately habitable. However, the basic style of the updates, absence of visible high-end appliances (especially in the main kitchen), and mixed heating/cooling solutions (wall heater, mini-split, window AC in ADU) prevent it from achieving an 'Excellent' rating. It is a solid, functional, and recently updated property.
Pros & Cons
Pros
High Income Potential: The property is explicitly marketed as an 'ABSOLUTE CASH COW' with projected total monthly rents ranging from $3,700-$5,000 and impressive CAP RATES of 9-12%, indicating strong investment returns.
Fully Permitted ADU: The inclusion of a fully permitted Accessory Dwelling Unit (ADU) creates a legal two-unit property (Duplex), significantly enhancing its rental income capacity and overall value.
Completely Remodeled: Described as 'ABSOLUTELY BEAUTIFUL and COMPLETELY REMODELED,' the property offers modern aesthetics and updated features, reducing immediate maintenance needs for a new owner or tenant.
Vacant and Rent-Ready: Being 'Fully Vacant and rent ready' allows for immediate tenant placement and income generation without the typical delays or complexities associated with existing leases or tenant turnover.
Duplex Configuration: As a dedicated 'Residential Income' property with a 'Duplex' sub-type, it is ideally structured for investors seeking multi-unit rental opportunities.
Cons
MLS Listing Discrepancy: 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.
Age of Original Structure: Built in 1970, the property's original structure is over 50 years old. While remodeled, potential buyers may have concerns about the condition of underlying infrastructure (e.g., plumbing, electrical, foundation) not explicitly detailed in the remodel.
Generic View: The property offers a 'Neighborhood' view. While it 'has_view', this is a generic description and lacks specific desirable vistas (e.g., mountain, city, or water views) that could command a premium or enhance aesthetic appeal.
Desert Climate Considerations: Located in Desert Hot Springs, the property is situated in a region known for extreme desert temperatures. Without explicit mention of high-efficiency cooling systems or insulation upgrades in the remodel, this could lead to higher utility costs and comfort challenges during hot months.