Skip To Content

66327 7th Street

Desert Hot Springs, CA 92240
  • $775,000
  • STATUS: ACTIVE
  • ON SITE: 196 Days
  • ID#: IV23043544
UPDATED: 21 min ago
$775,000
  • 1
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire. This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/137748679
Print Image

66327 7th Street Desert Hot Springs, CA 92240

  • Price: $775,000
  • Status: ACTIVE
  • On Site: 196 Days
  • Updated: 21 min ago
  • ID#: IV23043544
1
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Riv Cty-Desert Hot Spri (92240)
County:
Riverside
Area:
Riv Cty-Desert Hot Spri (92240)
Property Description
This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire. This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 8.86 Annual Expense Actual 10857 Buildings 1 Cfd Mello Roos Fee 9632.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 8.26 Gross Scheduled Income Actual 93840 Monthly Total Fees 802 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1284.0 Unit2 Rent Actual 1400.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Albert Le of Le Investment Group: 909-256-7889. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305888133-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305888133-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305888133-1.jpg
Logo
Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110