10485 Santa Cruz Rd , Desert Hot Springs, CA 92240
$589,000
Est. Payment: $2,963.75/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.

Highlights

Listed by Maria Corbisiero , (714) 580-9103 Compass , (619) 317-1875. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1965

County

Riverside

Area

340 - Desert Hot Springs

Neighborhood

Desert View Estates

Listing ID

219148018DA

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Dishwasher, Refrigerator, Water Heater
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Laminate

Exterior Features

Lot:Level,Yard,No Land Lease
Garage Capacity:8
Others:Repairs Major,2+ Total Units
Parking Features:Driveway
Principal Interest
$2,964
Taxes
$375

Home Price

$589,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$117,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,963.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,963.75 $375.49 $0.00 $3,339.24
Yearly $35,565.06 $4,505.85 $0.00 $40,070.91
Total $1,066,951.76 $135,175.50 $0.00 $1,202,127.26

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Desert Hot Springs, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T12:37:49.000Z

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