66553 Estrella Avenue
Property Description
Prime Desert Hot Springs Investment Duplex - High-Yield Potential Maximize your portfolio with this centrally located income-generating duplex in the heart of Desert Hot Springs. Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment. Some cosmetic improvements would allow for nice rent increases. Property Configurations: - Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard. - Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard. Strong Financials & Immediate Upside: - Stable Cash Flow: Total current gross income of $1,862/month. - Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP assistance ($983/mo guaranteed). Currently on a month-to-month lease. - Unit B ($745/mo): Occupied by a long-term tenant since 2017. Currently on a month-to-month lease. - Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates. Utilities & Parking Logistics: - Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B. - Abundant Parking: Includes a 1-car attached garage and 2 off-street spaces for the front unit. The rear unit features massive alley-access parking that easily accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). Unbeatable Central Location: Boasting a high walkability factor, this property is a short 4-block stroll to the Hacienda Palms Shopping Center. Tenants enjoy instant access to grocery stores, banking, retail shops, and local dining. NOTE: Some photos have been digitally altered to remove furniture and tenant property for a better visual of the layout. The original unedited photo is also included for reference.
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: | $329,000 |
| No. of Units: | 2 |
| Year Built: | 1965 |
| Lot Size: | 1,355.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $164,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 3 |
ID: 3yd-CDARCA-219151168
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