10485 Santa Cruz Road, Desert Hot Springs, CA 92240

Desert Hot Springs
Local realty services provided by:ERA Excel Realty
10485 Santa Cruz Road,Desert Hot Springs, CA 92240
$589,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maria corbisiero
Office: compass619-317-1875
MLS#:219148018DA
Source:CRMLS

Price summary

  • Price:$589,000

About this home

4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong verified rental income. This stabilized, low-maintenance asset is an ideal addition to any investment portfolio. The property features three studio units and one 1-bedroom/1-bathroom unit, all updated in a full 2023 renovation including kitchens, bathrooms, windows, etc. Tenants enjoy an attached on-site laundry room, a premium amenity that keeps vacancy low and tenants happy. Pest control service is already in place.**Why this property stands out:**Strong fundamentals with a 9.08% cap rate and GRM of 8.59 - well below the Coachella Valley market average of 10-12x. The debt coverage ratio sits at a healthy 1.60, making this an easy financing story for buyers. Unit #4 is currently $150 below market rent, representing approximately $1,800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth,...

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Home facts

  • Year built:1965
  • Listing ID #:219148018DA
  • Added:2 day(s) ago
  • Updated:May 21, 2026 at 10:40 AM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Refrigerator

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Electric

Structure and exterior

  • Year built:1965
  • Lot area:0.25 Acres
  • Lot Features:Level with Street, Yard
  • Foundation Description:Slab

Finances and disclosures

  • Price:$589,000

Features and amenities

  • Appliances:Dishwasher
  • Amenities:Water Heater

Parking

  • Total parking spaces:8
  • Parking description:Driveway
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