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$539,900

Est. payment - /mo

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5 Beds

4 Baths

2,326 SqFt

Price Dropped by $100K

66012 5th ST Desert Hot Springs, CA 92240

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,326 sqft

Price per Sqft $232

MLS Listing ID SW26092531MR

Bedrooms 5

Year Built 1954

Lot Size 7,841 Sqft

Property Sub-Type Multi-Family

Property Description

Versatile 3 Unit Property in Desert Hot Springs Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategy House-hack it; Hold it; Scale from it! The flexibility here is real.

Location

State CA

County Riverside

Area Desert Hot Springs

Interior

Heating Other

Cooling Wall/Window Unit(s)

Fireplaces Type None

Laundry Other

Exterior

Garage Spaces 2.0

Pool None

Community Features Gutters, Curbs, Street Lights, Storm Drains, Sidewalks

View Y/N Yes

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Allison James Estates & Homes

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