68040 Club Circle, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 0 bed, 0 bath
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Desert Hot Springs, California 92240
This Income-Generating Triplex is a strategic multifamily asset with a List Price of $560,000, compared to a $472,723 Fair Market Value. Situated in the premier Spa Zone near Desert Springs Middle School, the property offers a strong 7.17% Cap Rate with consistent in-place income and desirable Mountain Views. Despite its Fair Condition Rating, the property qualifies for Residential Financing, allowing for favorable interest rates and lower down payments. This is a high-stability acquisition for Buy-and-Hold Investors or Portfolio Managers looking to capitalize on the Desert Hot Springs rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68040 Club Circle Subject | $560,000* List Price | 0 | 0 | 1,950 | $242 | - |
A 12700 Parma Sold | $510,000 | 0 | 0 | 2,336 | $218 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, the property is aged but appears to have been maintained through regular upkeep, such as a seemingly newer roof and clean exterior surfaces. However, the lack of interior photos and the listing's own mention of aging infrastructure suggest that the kitchens, bathrooms, and major systems are likely outdated and will require modernization to remain competitive. It fits the 'fair' criteria as a functional but aged asset with no evidence of major recent renovations.
The property features a robust 7.17% cap rate with consistent in-place income, offering investors a high immediate return on investment compared to typical Southern California averages.
Situated in the desirable Spa Zone of Desert Hot Springs, the asset is located in a well-maintained neighborhood known for its unique mineral springs and tourism appeal.
As a three-unit triplex, this property qualifies for residential financing, allowing owner-occupants or investors to leverage lower down payment options and favorable interest rates.
The property was recently sold within the past year on 2025-07-25. The sold price is $1,350,000.00.
Built in 1967, the property may require significant capital expenditures for long-term maintenance, system upgrades, or modernization to remain competitive in the rental market.
With 162 days on the market and recent price fluctuations, the property may be facing challenges regarding its current valuation or buyer interest in the immediate area.
Le Investment Group is pleased to present this three (3) unit triplex located in Desert Hot Springs, CA. The property is situated within a well-maintained neighborhood in the city’s desirable Spa Zone. Offered at $530,000, the asset features a strong unit mix of two (2) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, providing functional layouts and consistent in-place income. The property is currently operating at a 7.17% cap rate. This investment offers flexibility for both investors and potential owner-occupants, with the ability to leverage residential financing while benefiting from diversified income across three units.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,950 | 2,336 | 20% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $560.0K | $560.0K | 50% |
| Price per sq ft | $287 | $233 | 80% |
| Built year | 1967 | 1972 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 167 | 167 | 60% |
Apr 17, 2026
$560,000
$530,000
+6% Price Increase
Initial Listing
Nov 19, 2025
$530,000
$550,000
-4% Price Drop
Initial Listing
Nov 6, 2025
$550,000
Initial Listing
Jul 25, 2025
$1,350,000
Public Record
Apr 12, 1996
$48,000
Public Record