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Sharon Baluku

sharon@omwoyo.com +1(323) 381-0266

$ 229,000

Est. payment -/mo

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Price Dropped by $30K

66553 Estrella AVE Desert Hot Springs, CA 92240

2 Beds

3 Baths

1,355 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,355 sqft

Price per Sqft $169

MLS Listing ID 219151168DA

Bedrooms 2

Full Baths 3

Construction Status Repair Cosmetic

Year Built 1965

Lot Size 6,534 Sqft

Property Sub-Type Multi-Family

Property Description

Best deal in Desert Hot Springs Investment Duplex - Rent increases can be made now! Long term tenants have beat this place up BUT they want to stay!!! 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. Condition: Both tenants are long time occupants, and both units require repairs and will require significant cosmetic improvements upon turnover. 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 section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. 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 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that access could end at any time but there is

Location

State CA

County Riverside

Area Desert Hot Springs

Rooms

Kitchen Tile Counters

Interior

Heating Central, Electric, Forced Air, Wall

Cooling Air Conditioning, Central, Wall/Window

Flooring Carpet, Tile

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Outside

Exterior

Parking Features Assigned

Garage Spaces 5.0

View Y/N No

Roof Type Flat

Building

Lot Description Street Public

Story 1

Sewer Unknown

Water Water District

Structure Type Stucco, Wood Siding

Construction Status Repair Cosmetic

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of California, Inc.

Sharon Baluku

Agent License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

Sharon Baluku

66553 Estrella AVE Desert Hot Springs, CA 92240

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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66553 Estrella AVE