66385 Cahuilla Avenue, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - bed, bath
ACTIVE$394,000$952/sqft
66385 Cahuilla Avenue, Desert Hot Springs, California 92240
0Bed
0Bath
952Sqft
6,534Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property is an investment duplex with both units currently rented out, providing immediate and consistent rental income for a new owner.
Top Cons:
Age of Property: Built in 1947, the property is quite old, which may imply potential for unseen structural issues or older systems (e.g., electrical, HVAC, roof) not explicitly mentioned as upgraded.
Compared to the nearby listings
Price:$394.0K vs avg $412.0K ($-18,000)50%
Size:952 sqft vs avg 1,226 sqft50%
Price/sqft:$414 vs avg $35050%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property has received functional updates such as new permitted plumbing, fresh paint, and granite countertops. However, the overall aesthetic, including basic kitchen cabinets, dated tile flooring throughout, simple light fixtures, and non-central wall/window AC units, indicates an older property that has been maintained but not extensively modernized. The bathrooms are also very basic. While move-in ready for tenants, it shows its age and would benefit from further cosmetic and system updates to meet current quality standards.
Year Built
1947
Close
-
List price
$394K
Original List price
$394K
Price/Sqft
$414
HOA
-
Days on market
-
Sold On
-
MLS number
PW26009404
Home ConditionFair
Features
View-
About this home
Investment duplex with both units rented out for rental income in Desert Hot Springs. 1. Front Unit: 1 Bedroom + EXTRA DEN (can be used as a bedroom), 1 Bath, upgrades throughout, including granite countertops. 2. Back Unit: Large studio, full kitchen, granite countertops. Both units have new permitted plumbing and new paint.
J
Justin Miller
Listing Agent
Price History
Date
Event
Price
01/18/22
Sold
$220,000
12/23/16
Sold
$100,000
05/23/14
Sold
$58,500
09/22/11
Sold
$32,500
Condition Rating
Fair
Built in 1947, this property has received functional updates such as new permitted plumbing, fresh paint, and granite countertops. However, the overall aesthetic, including basic kitchen cabinets, dated tile flooring throughout, simple light fixtures, and non-central wall/window AC units, indicates an older property that has been maintained but not extensively modernized. The bathrooms are also very basic. While move-in ready for tenants, it shows its age and would benefit from further cosmetic and system updates to meet current quality standards.
Pros & Cons
Pros
Immediate Rental Income: The property is an investment duplex with both units currently rented out, providing immediate and consistent rental income for a new owner.
Recent Permitted Upgrades: Both units benefit from new permitted plumbing and fresh paint, along with granite countertops, reducing immediate capital expenditure and enhancing tenant appeal.
Duplex Configuration: As a duplex, the property offers diversified income streams and potentially higher overall rental yield compared to a single-family home, mitigating vacancy risk.
Flexible Unit Layout: The front unit features a 1 Bedroom + EXTRA DEN, which can be used as an additional bedroom, offering versatility and appealing to a broader range of tenants.
Historical Appreciation Trend: The property's sales history indicates significant value growth over the past decade, suggesting potential for continued appreciation in the Desert Hot Springs market.
Cons
Age of Property: Built in 1947, the property is quite old, which may imply potential for unseen structural issues or older systems (e.g., electrical, HVAC, roof) not explicitly mentioned as upgraded.
Limited Square Footage: With a total of 952 sqft for two units, the individual unit sizes are relatively small, which could limit the tenant pool or potential rental rates compared to larger properties.
Lack of Views: The property description explicitly states 'view: None,' which might be a minor detractor for some potential buyers or tenants seeking scenic surroundings.