
Desert Hot Springs, California 92240
This property presents a High-Potential Investment Opportunity with a List Price of $289,000—positioned well above the $204,489 Fair Market Value by -41%. While the property requires a full rehab due to its Condition Rating of 5, the 7,405 sqft lot and cul-de-sac location in the Mission Lakes area offer significant value-add potential. Featuring a spa and patio, this asset is primed for short-term rental conversion. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a project with high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9120 Calle Barranca Subject | $289,000* List Price | 2 | 2 | 1,020 | $200 | - |
A 66124 Avenida Ladera Sold | $337,500 | 3 | 2 | 1,134 | $298 | 0.4 mi |
B 66087 Avenida Cadena Sold | $340,000 | 3 | 2 | 1,210 | $281 | 0.3 mi |
C 66247 Avenida Suenos Sold | $340,000 | 3 | 2 | 1,322 | $257 | 0.2 mi |
D 66180 14th Street Sold | $335,000 | 2 | 2 | 1,375 | $244 | 0.6 mi |
E 66320 12th Street Sold | $340,000 | 3 | 3 | 1,134 | $300 | 0.7 mi |
F 9051 Calle Del Diablo Active | $299,000 List Price | 3 | 2 | 1,134 | $264 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old) with no evidence of recent renovations. The property is sold 'AS IS' and exhibits significant wear including stained carpeting, missing baseboards, and a dated kitchen with worn cabinetry. The overall condition indicates a need for a full rehab to address cosmetic and likely system-related neglect.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1020.
Situated in a quiet cul-de-sac within the highly desirable Mission Lakes area, the property offers a peaceful residential setting with reduced through-traffic.
The property is positioned as an excellent short-term vacation rental opportunity, providing a strong entry point for investors looking to capitalize on the local tourism market.
The home is being sold in as-is condition with no repairs, signaling that the buyer will need to budget for immediate renovation and maintenance costs.
Built in 1979 and described as 'full of potential,' the property likely requires significant modernization of its 1,020 square foot interior to meet current market standards.
Discover this charming 2 bedroom 1.5 bath nestled in the highly desirable Mission Lakes area. Located in a Cul-de-sac Full of potential. Being sold AS IS with no repairs, this property offers, excellent short term vacation rental opportunities, creating a fantastic investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,020 | 1,666 | 4% |
| Lot Size | 7,405 | 7,841 | 48% |
| Price | $289.0K | $399.0K | 9% |
| Price per sq ft | $283 | $245 | 79% |
| Built year | 1979 | 2004 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 178 | 1% |
May 23, 2026
$289,000
Initial Listing
Jul 29, 2003
$135,000
Public Record
May 6, 2002
$77,000
Public Record