# 66338 2nd St, Desert Hot Springs, CA 92240

> **TL;DR:** 3bd/3ba residential multi family, $446,000 ($297/sqft), built 1942, 1,500 sqft.
> A/C. Est. $1,933/mo. Listed 60 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $446,000 |
| Price/sqft | $297 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 1,500 |
| Year Built | 1942 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 60 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,933 |
| **Total** | **$1,933** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1942
- 0.15 acre lot
- 4 parking spaces

## Description

### 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.

## Location

- **Address:** 66338 2nd St, Desert Hot Springs, CA 92240
- **County:** Riverside
- **Coordinates:** 33.963573, -116.504198
- **Google Maps:** https://www.google.com/maps?q=33.963573,-116.504198

## Listing Agent

- **Name:** Richard H MacMillan
- **Brokerage:** HomeSmart
- **Phone:** 7605742299
- **Email:** rhmacmillan@yahoo.com

## Primary Photo

![66338 2nd St - Primary Photo](http://lh.rdcpix.com/f8e0050078a690eaa263e745ce30ba1cl-f2816489948r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/66338-2nd-st-desert-hot-springs-ca-92240-19142976)*

---

**MLS#:** 219142976 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/66338-2nd-st-desert-hot-springs-ca-92240-19142976)

---

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