11583 Cactus DR new Save Request In-Person Tour Request Virtual Tour
Desert Hot Springs,CA 92240
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,574 sqft
Price per Sqft $223
MLS Listing ID 219132798DA
Bedrooms 6
Full Baths 4
Construction Status Repair Cosmetic
Year Built 1956
Annual Tax Amount $7,904
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi-Family
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 Desert Hot Springs
Interior
Heating Central
Cooling Central
Flooring Carpet, Laminate
Equipment Range/Oven
Exterior
Parking Features Driveway, On street
Garage Spaces 6.0
View Y/N Yes
View Mountains
Building
Lot Description Yard
Story 2
Sewer In Connected and Paid
Level or Stories Two
Construction Status Repair Cosmetic
Others
Special Listing Condition Standard