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 represents a strategic multifamily acquisition with a List Price of $560,000, evaluated against a $485,853 Fair Market Value. The asset’s primary value lies in its impressive 7.17% Cap Rate and prime location within the desirable Spa Zone. Featuring panoramic mountain views and a Dated Condition Rating, the property offers functional layouts and diversified rental income near Desert Springs Middle School. This stable, cash-flowing asset is an ideal 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 | $249 | - |
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, this property is 58 years old, placing it well beyond the 20-year threshold for modern systems. While the description notes it is 'well-maintained' and 'functional' for rental income, the exterior shows dated aluminum windows and older roof-mounted HVAC units. Without mention of recent renovations to kitchens or baths, the asset is considered dated and likely requires minor repairs or cosmetic updates to meet current market standards.
The property boasts a strong 7.17% cap rate, offering investors an attractive immediate return on investment and consistent in-place income in a competitive market.
Situated in the sought-after Spa Zone of Desert Hot Springs, the property is located in a well-maintained neighborhood known for its mineral springs, enhancing its rental appeal.
The combination of two 1-bedroom units and one 2-bedroom unit provides a diversified income stream and flexibility for both pure investors and potential owner-occupants.
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 more frequent maintenance or capital improvements to systems and structures compared to newer multi-family assets.
Local schools are rated between 3 and 4 out of 10, which may limit the property's appeal to families and potentially impact long-term tenant stability.
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 | 213 | 213 | 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