66553 Estrella Avenue, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 2 bed, 3 bath
Loading property details...
Desert Hot Springs, California 92240
This Value-Add Residential Income Asset is listed at $330,000, positioned above its $248,476 Fair Market Value due to its rare duplex configuration and immediate income-generating potential. Holding a Condition Rating of 5, the 1965-built structure requires a comprehensive rehabilitation of its aging systems and interiors to unlock forced appreciation. The property features partial mountain views and a prime central location within the Palm Springs Unified School District. This is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors seeking a versatile project with high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66553 Estrella Avenue Subject | $330,000* List Price | 2 | 3 | 1,355 | $183 | - |
A 13285 Caliente Drive Sold | $320,000 | 3 | 2 | 1,355 | $236 | 0.3 mi |
B 66846 Desert View Avenue Sold | $280,000 | 3 | 2 | 1,402 | $200 | 0.3 mi |
C 13576 La Mesa Drive Sold | $325,000 | 4 | 3 | 1,134 | $287 | 0.5 mi |
D 66954 Flora Ave Avenue Sold | $310,000 | 2 | 2 | 1,204 | $257 | 0.4 mi |
E 66155 2nd Street Sold | $250,000 | 2 | 1 | 950 | $263 | 0.6 mi |
F 66672 Flora Avenue Active Under Contract | $279,000 List Price | 2 | 2 | 1,330 | $210 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (59 years old) with no evidence of recent renovations. The listing description explicitly targets investors to 'make improvements' or 'improve to sell,' indicating the property is in a dated state requiring significant rehab to kitchens, baths, and likely aging systems.
As a tenanted duplex, this property offers immediate cash flow for investors, providing a turnkey opportunity in a high-demand rental market.
The property is situated in a convenient, centrally located area of Desert Hot Springs, offering residents easy access to local amenities and the main commercial corridor.
The property supports multiple exit strategies, including maintaining current tenancies, performing value-add improvements for higher rents, or renovating for a future resale.
Built in 1965, the property may require significant capital expenditures to modernize aging systems and structural components to meet contemporary standards.
The listing identifies the property as a Single Family Residence while describing it as a duplex, which may complicate financing options and require careful zoning verification.
Welcome to this charming duplex in Desert Hot Springs, CA! This property is perfect for investors looking to purchase a tenanted property, or make improvements & later move-in tenants, or improve to sell. Located in a convenient, centrally located area, residents will have easy access to nearby amenities and the main drag of DHS. Don't miss out on this opportunity! Contact us today for more information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,355 | 1,508 |
| Lot Size | 6,534 | 7,841 |
| Price | $330.0K | $398.1K |
| Price per sq ft | $244 | $248 |
| Built year | 1965 | 1986 |
| HOA | $0 | $334 |
| Days on market | 83 | 88 |
Apr 30, 2026
$330,000
Initial Listing
Aug 7, 2009
$35,500
Public Record
Sep 5, 2007
$322,000
Public Record
Jul 27, 2005
$220,000
Public Record
Mar 14, 2000
$28,000
Public Record