66445 5th Street
Property Description
Maximize your rental yield with this turnkey, centrally located duplex in the heart of Desert Hot Springs. Featuring strong tenant history, individual meters, and good rental history. This asset is optimized for cash flow from day one. OVERSIZED HOMES: Note these units are extremely easy to rent due to their rare and huge 1144 sq foot living spaces. Financial Highlights: Gross Rental Income: Unit A (2 Bed / 1 Bath): Generates $1,495/month in market-rate rent from a reliable occupant. Deposit is $1495. Lease term began 4-10-26 and expires 3-31-27. Unit B (2 Bed / 1 Bath): Generates $1,330/month with predictable, with approx. 50% government-backed HAP assistance payments. Deposit is $1250. Lease term began 1/20/23. Last rent increase was effective 1-1-25 so unit is eligible for rent increase any time. Utility Expenses: Units are individually metered for electricity and gas so tenant pays for these expenses. Owner Expenses: Covered costs are water, sewer and trash services. Property Configurations & Amenities: Spacious Layouts: Mirrored floorplans boasting 1,144 square feet of optimized living space per unit. Climate Control: Energy-efficient central heating and AC paired with cooling ceramic tile and luxury vinyl bedroom flooring. Kitchens: Full appliance setups including a dishwasher, gas stove, and refrigerator with a built-in breakfast bar. In-Unit Laundry: Separate laundry inside each unit to maximize tenant retention and convenience. Exterior Features: Large, covered front patios for outdoor relaxation and off-street parking accommodating up to four vehicles. Possible small RV or boat parking too. Prime Central Location: Walker's Paradise: Located in central Desert Hot Springs with a two-minute walk to daily necessities like the Dollar General and dining at Las Palmas Mexican Restaurant.
Broker Details
eXp Realty of California, Inc. (888) 584-9427 x119
MLS ID: d86901
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $339,950 |
| No. of Units: | 2 |
| Year Built: | 1980 |
| Lot Size: | 2,288.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $169,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-CDARCA-219150828
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