John E Burge

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Listing provided courtesy of Equity Union- MLS# 219142976MLS Provider

66338 2nd St StreetDesert Hot Springs, CA 92240

Multi-Family · 3 Beds · 3 Full Baths · 1,500 Sq. ft.
$446,000 Active

66338 2nd St Street Overview

Time on Site:
140 days
Visits:
2

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.

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66338 2nd St Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,500
  • Price/Sq.ft. $297

Details

General

Building Information

  • Year Built: 1942

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 340 - Desert Hot Springs
  • Subdivision Name: Not Applicable
  • Walk Score: 0

General Information

  • Disclosures: None
  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 639242035
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1500.0

General Information

  • Fireplace: false
  • Flooring: Mixed
  • Levels: One
  • Living Area: 1500.0
  • Spa: false
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Driveway,Total Uncovered/Assigned Spaces
  • Parking Total: 4.0

Lot Information

  • Lot Size Area: 6534.0
  • Lot Size Source: Assessor
  • Number Of Buildings: 2

Waterfront/View

  • View: false

General Information

  • Pool Private: false
  • Sewer: In Street Paid

66338 2nd St Street Neighborhood

Desert Hot Springs

Desert Hot Springs, also referred to as "DHS", is a Riverside County city located in the Coachella Valley north of Palm Springs. The city’s name is derived from the numerous natural hot springs that dot the landscape. It is one of the few places in the world to boast naturally occurring hot and cold mineral springs due to the presence of two aquifers that are separated by the Mission Creek Fault, a branch of the San Andreas Fault. 

About Desert Hot Springs

Community

92240 (Desert Hot Springs) Demographics

37
Median Age
981
Population Density (per sq. mile)
23%
College Educated
$40,456
Estimated Median Income
6,801
Estimated Total Home Owners
6,154
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

66338 2nd St Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

66338 2nd St Street Market Data

Based on the last 30 days in this zip code

$423,362
Average List Price
$252
Average Price per Square Foot
45
Properties Sold
92
Average Days on Market
498
Properties for Sale
Calculations provided by Reliance Network

66338 2nd St Street History

Date Event Value Agent
2/9/2026Source: CRMLS Added to Database
February 09, 2026
2/9/2026Source: California Desert MLS Added to Database
February 09, 2026
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