How much does the home at 66338 2nd St cost?

The 3-bedroom, 3-bathroom residential multi family at 66338 2nd St in Desert Hot Springs, CA is listed for $446,000 ($297/sqft). The estimated monthly payment is $1,933 based on 20% down payment at 6.5% interest rate.

What features does 66338 2nd St have?

Key features include: Built in 1942, 0.15 acre lot, 4 parking spaces. The property offers 3 bedrooms, 3 bathrooms, and 1,500 square feet of living space.

Who is the listing agent for 66338 2nd St?

This property is listed by Richard H MacMillan of HomeSmart. Contact at 7605742299. Email: rhmacmillan@yahoo.com.

66338 2nd St, Desert Hot Springs, CA 92240 | $446,000

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About This Home

This 3-bedroom, 3-bathroom residential multi family at 66338 2nd St in Desert Hot Springs, CA is listed for $446,000 ($297 per sqft). Built in 1942, the home offers 1,500 sqft of living space on a 0.15 acres lot.

Agent Description

Income Property in Desert Hot Springs - Fully Occupied & Updated Excellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.

The property consists of three units: Unit A: 1-bedroom, 1-bath. Unit B: 1-bedroom, 1-bath. Unit C: 1-bedroom, 1-bath. With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.

Unit A - $1350 Monthly, Unit B - $1150 Monthly, Unit C - $1150 Monthly, Total 2025 Revenue $32,634.00. 2025 General Expenses $14,687.98. 2025 Prop Taxes $5110.00. Renovations - 6577.49. Proforma 2026 Revenue $43,800.00. Pro forma Expenses $15140.00. Pro forma Prop Taxes $5575.00. Cap rate of 5.18%. Price Per unit - $148,667 . A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.

Key Features

Built in 1942
0.15 acre lot
4 parking spaces

Property Details

1 story

3 full

4 spaces

1942

Amenities

A/C

Monthly Cost Estimate

$2,385/mo

20% down · 6.5% · 30 years

Principal$323

Interest$1,933

Insurance$130

Estimates only. Actual payments may vary.

Location

66338 2nd St

Desert Hot Springs, CA 92240

Property Details

Flooring

Mixed

Parking

DrivewayAssigned

Heating

Central

Cooling

Window Unit(s)Wall/Window Unit(s)

Questions & Answers

This 3-bedroom, 3-bathroom residential multi family at 66338 2nd St is listed at $446,000 ($297/sqft). The estimated monthly payment is $1,933 based on 20% down at 6.5% interest.

Key features include: Built in 1942, 0.15 acre lot, 4 parking spaces.

This property is listed by Richard H MacMillan and can be reached at 7605742299 or rhmacmillan@yahoo.com.