11583 Cactus DR new Save Request In-Person Tour Request Virtual Tour
Desert Hot Springs,CA 92240
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