66344 Cactus Drive, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 2 bath
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Desert Hot Springs, California 92240
This Income-Producing Residential Asset is listed at $389,000, positioned well below the $396,600 Fair Market Value by 1%. This valuation provides $7,600 in Instant Equity for a property that offers immediate cash flow, currently leased through October 2026. While maintaining a Condition Rating of 4 due to its dated interior, the home features a Private Pool and Spa with newer equipment and stunning Mountain Views. Located in the Palm Springs Unified district, this is a low-risk acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, turnkey desert rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66344 Cactus Drive Subject | $389,000* List Price | 3 | 2 | 1,548 | $256 | - |
A 65821 Avenida Ladera Sold | $420,000 | 3 | 2 | 1,650 | $255 | 0.5 mi |
B 10421 Verbena Drive Sold | $379,000 | 3 | 2 | 1,543 | $246 | 0.6 mi |
C 9095 Calle Barranca Sold | $435,000 | 3 | 2 | 1,739 | $250 | 0.6 mi |
D 9724 Valencia Drive Sold | $370,000 | 3 | 2 | 1,591 | $233 | 0.3 mi |
E 65537 Avenida Dorado Sold | $429,000 | 3 | 2 | 1,514 | $283 | 0.8 mi |
F 10683 Ambrosio Drive Sold | $370,000 | 4 | 2 | 1,439 | $257 | 0.7 mi |
G 65617 Avenida Cadena Active | $384,999 List Price | 3 | 2 | 1,399 | $275 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old property is functional but dated. The kitchen features older tile countertops and cabinetry that show their age, and the overall interior aesthetic requires modernization. While the HVAC system is relatively new (4 years old) and the pool equipment has been updated, the property's age and dated finishes align with 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 = 9148, living area = 1548.
The property is currently leased through October 2026, providing a guaranteed and stable revenue stream for investors seeking a turnkey, income-producing asset.
The home features a private pool and spa with stunning mountain views and newer equipment, significantly increasing its desirability in the desert rental market.
The long-term lease agreement through late 2026 makes this property unsuitable for owner-occupants or buyers requiring immediate possession.
The sale is subject to a 1031 exchange and a seller preference for a bulk portfolio purchase, which may complicate negotiations for individual property buyers.
INVESTORS! 4 Pool & Spa Properties Available Great opportunity for investors looking to expand their portfolio. Beautiful 2BD w/ very lg den being used as a 3rd bd, home with pool, spa, and stunning mountain views in Desert Hot Springs. The U-shaped kitchen offers ample cabinetry and storage, while the primary suite features a walk-in shower and Jacuzzi tub. Spacious backyard with pool, spa, and an open roofed pergolas & plenty of room for entertaining. Pool equipment newer, AC 4 yr old. Features include tile and wood plank flooring, plantation shutters, ceiling fans, fireplace, large den, and an extra-large walk-in pantry/laundry room. Additional highlights include a 2-car garage with built-in cabinets and a convenient location near Mission Lakes Blvd. Currently rented through October 2026, making it an excellent income-producing investment. Seller would prefer to sell all 4 properties together if possible. Also available: 10111 Cactus Dr. and 66176 Desert View Rd, 65940 5th St, all in Desert Hot Springs. Subject to a 1031 exchange. Call for details.
No exterior & parking available.
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.1 mi
Grades K-12 • 11.1 mi
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 | 1,548 | 1,675 | 39% |
| Lot Size | 9,148 | 7,841 | 72% |
| Price | $389.0K | $400.0K | 40% |
| Price per sq ft | $251 | $244 | 57% |
| Built year | 1990 | 2004 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 188 | 1% |
Apr 4, 2026
$389,000
$424,900
-8% Price Drop
Initial Listing
Mar 16, 2026
$424,900
Initial Listing
Feb 11, 2013
$131,000
Public Record
Jul 23, 1998
$109,500
Public Record