5
See all 5 photos
$574,850
Est. payment /mo
6 Beds
4 Baths
2,574 SqFt
New
11583 Cactus DR Desert Hot Springs, CA 92240
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,574 sqft
Price per Sqft $223
MLS Listing ID 219132798
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1956
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Price improved to $574,850. Excellent opportunity to acquire a fully occupied, income-producing triplex with upside potential through future rent increases and implementation of RUBS for utility reimbursement. Situated on the corner of Cactus Drive and 3rd Street, just blocks from downtown Desert Hot Springs, the property offers a strong unit mix consisting of a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. All units feature tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system currently covering all electrical costs, significantly reducing operating expenses. Recent improvements include fresh exterior paint, refinished stucco edges, partial exterior drywall replacement, new fencing, and updated landscaping. The owner also added a 45-foot RV parking area. Interior upgrades include new ceiling fans, lighting, interior paint, new doors and locks, as well as drywall touch-ups and a newly installed main A/C unit. With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking consistent cash flow and long-term appreciation. Please do not disturb tenants. Contact listing broker for more information.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Balcony
Garage Spaces 4.0
Fence Fenced
View Y/N true
View Mountain(s)
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer In, Connected and Paid
Level or Stories Two
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan, VA Loan
Listing Terms Cash, Cash to New Loan, VA Loan
Special Listing Condition Standard
Listed by Wilson-Meade Commercial Real Estate