66553 Estrella AVE, Desert Hot Springs, CA 92240
66553 Estrella AVE, Desert Hot Springs, CA 92240
66553 Estrella AVE, Desert Hot Springs, CA 92240
66553 Estrella AVE, Desert Hot Springs, CA 92240
66553 Estrella AVE, Desert Hot Springs, CA 92240
66553 Estrella AVE, Desert Hot Springs, CA 92240
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Jessamine Walker

Jessamine Walker

+1(949) 241-2927
$ 259,000
Est. payment | /mo

6,534 Sqft Lot

Save
$ 259,000
Est. payment | /mo
Save

6,534 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219151168DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1965

Lot Size 6,534 Sqft

Property Description

Prime Desert Hot Springs Investment Duplex - Rent increases can be made now!Maximize your portfolio with this centrally located income-generating duplex in the heart of Desert Hot Springs. Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment. Condition: Both tenants are long time occupants, and both units require some repairs and will require significant cosmetic improvements upon turnover. Property Configurations: Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard. Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard.Strong Financials & Immediate Upside: Stable Cash Flow: Total current gross income of $1,862/month. Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. Currently on a month-to-month lease. Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates. Utilities & Parking Logistics: Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B. Abundant Parking: Includes a 1-car attached garage and 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that access could end at any time but there is plenty of parking out in front on the street. Unbeatable Central Location: Boasting a high walkability factor, this property is a short 4-block stroll to the Hacienda Palms Shopping Center. Tenants enjoy instant access to grocery stores, banking, retail shops, and local dining.NOTE: Some photos have been digitally altered to remove furniture and tenant property for a better visual of the layout.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Central, Electric, Forced Air, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplace No

Appliance Disposal, Gas Range, Refrigerator, Water Heater

Exterior

Parking Features Assigned

Garage Spaces 1.0

Garage Description 1.0

View Y/N No

Roof Type Flat

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Sewer Unknown

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

HOA Name Chris Townson

Senior Community No

Tax ID 641142022

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Christopher Townson eXp Realty of California, Inc. #01033710

Nearby Locations

Jessamine Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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66553 Estrella AVE

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