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$574,850

Est. payment - /mo

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9,583 Sqft Lot

Active

11583 Cactus DR Desert Hot Springs, CA 92240

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219132798DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1956

Lot Size 9,583 Sqft

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

Flooring Carpet, Laminate

Fireplace No

Appliance Gas Range, Water Heater

Exterior

Parking Features Driveway, On Street

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

View Mountain(s)

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot, Yard

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 639221049

Acceptable Financing Cash, Cash to New Loan, VA Loan

Listing Terms Cash, Cash to New Loan, VA Loan

Special Listing Condition Standard

Listed by Kate Rust Wilson-Meade Commercial Real Estate

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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