66320 3rd, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 1 bed, 1 bath
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Desert Hot Springs, California 92240
This Value-Add Residential Asset is listed at $259,999, carrying a premium over the $227,217 Fair Market Value due to its unique development readiness. With a Condition Rating of 5, the property requires a full overhaul, yet offers immense upside via Pre-Approved Expansion & ADU Plans. These plans facilitate a 2-bedroom conversion and a new 800 sqft unit on a 6,534 sqft lot featuring Mountain and City Lights Views. Situated in the Palm Springs Unified District, this is a high-utility acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66320 3rd Subject | $259,999* List Price | 1 | 1 | 804 | $283 | - |
A 66155 2nd Street Sold | $250,000 | 2 | 1 | 950 | $263 | 0.2 mi |
B 66194 1st Street Active | $250,000 List Price | 3 | 1 | 959 | $261 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951, this property is over 70 years old with no indication of significant recent renovations. The listing emphasizes 'potential' and includes architectural plans to convert the existing home, strongly suggesting the current 1-bed, 1-bath structure requires substantial rehabilitation. The absence of interior photos, especially of the kitchen and bathroom, typically indicates these areas are outdated and in poor condition, needing major updates to systems, finishes, and appliances. The property analysis also highlights 'Age of Construction' as a weakness, indicating a need for updates to infrastructure and systems.
The property includes architectural plans to convert the existing home into a 2-bedroom, 2-bathroom residence and to build an 800 sq ft, 2-bedroom, 2-bathroom ADU, offering significant value-add and income potential.
Positioned as an ideal asset for investors or homeowners seeking to capitalize on multi-generational living or rental income, with clear future upside potential.
Conveniently located near essential amenities, dining, and local attractions, with easy access to Palm Springs and major commuter routes.
The existing home is a compact 1-bedroom, 1-bathroom unit spanning only 804 sq ft, which may not meet the immediate needs of larger households without the planned expansions.
Built in 1951, the property is over 70 years old, potentially indicating the need for updates to infrastructure, systems, or finishes beyond the planned expansions.
Buyers are explicitly responsible for verifying all building plans, permits, zoning, and ADU feasibility with the City, which could introduce unforeseen complexities or delays.
Welcome to this desert home nestled in a quiet neighborhood of Desert Hot Springs, offering endless potential for homeowners and investors alike. Situated on a spacious lot, this property features a functional layout, ample driveway parking, and a low-maintenance desert landscape—perfect for enjoying the serene surroundings and nearby mountain views. One of the standout features of this property is that it includes architectural plans to convert the existing home into a 2-bedroom, 2-bathroom residence, as well as plans to build an approximately 800 sq ft, 2-bedroom, 2-bathroom ADU. This creates an incredible opportunity for multi-generational living, rental income, or a value-add investment. Conveniently located near shopping, dining, and local attractions, with easy access to Palm Springs and major commuter routes, this property combines location, flexibility, and future upside. Whether you’re looking to customize your primary residence or capitalize on Desert Hot Springs’ growing demand, this home offers a rare opportunity with expansion plans already in place. Buyer to verify all building plans, permits, zoning, and ADU feasibility with the City of Desert Hot Springs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 804 | 1,675 | 1% |
| Lot Size | 6,534 | 7,841 | 20% |
| Price | $260.0K | $400.0K | 5% |
| Price per sq ft | $323 | $244 | 94% |
| Built year | 1951 | 2004 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 188 | 13% |
Jan 24, 2026
$259,999
Initial Listing
Nov 12, 2021
$145,000
Public Record
Nov 30, 2017
$89,000
Public Record
Jun 12, 2013
$43,000
Public Record