12375 United rd, Desert Hot Springs, CA 92240
Pending
$589,000
2 Units
3 Beds
3 Baths
1,227 Area(sq.ft.)
Lot: 30,492 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | n/a | n/a | $ 3,000 |
| Unit 2 | 2 | 1 | 1 | Yes | $ 1,800 | $ 1,800 | $ 1,800 |
| 3 | 5 | 4 | $ 3,600 | $ 3,600 | $ 6,600 |
| MLS #: | 25497707PS |
| Days On Market: | 288 |
| Listing Date: | February 21, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 480 |
| Price per unit: | $ 294,500 |
| Year Built: | 1964 |
Property Details
Investor's Dream Property! A rare and lucrative income-generating opportunity awaits! This prime investment property offers stunning panoramic views of three majestic mountain ranges, all while being just minutes away from the excitement of Palm Springs. The property features a well-maintained single-family home plus a spacious detached ADU. The primary residence is a 3 bedroom, 2 bath home with the 3rd bedroom converted into a great in-law unit with private entry. The detached ADU, a grandfathered recreation room conversion, offers 1 bedroom, 1 bath, and a fully equipped kitchen, bringing in an additional $1,800/month. The main house can be potentially rented at $3000/month, offering substantial potential for ongoing revenue. Both the main house and ADU have been meticulously remodeled, with top-tier finishes including white quartz countertops, brand-new appliances, custom cabinetry, energy-efficient LED lighting, and mini-split HVAC units for ultimate comfort and efficiency. The property sits on a generous 2/3-acre lot (approximately 100 feet wide by 300 feet deep), offering abundant space for expansion or additional development. Half of the rear lot is flat and vacant. The entire property is securely fenced with a 6-foot tall, newer wood fence, ensuring privacy. Rear alley access from the southwest corner adds convenience, and a sliding metal/wood gate at both the front and rear of the lot provides easy access and security. For those with recreational vehicles, this property includes full RV hookups, with 30/50 amp electric, water, and sewer connections. Additionally, there are two storage sheds one attached, and one detached offering ample room for all your storage needs. Zoned W-2, the property allows for a range of uses. The flexibility this property offers is unmatched, making it an ideal choice for savvy investors seeking long-term returns. This is an exceptional opportunity to invest in a property with tremendous income potential and future growth possibilities. A must-see for any serious investor!Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 80,400 |
| Total Annual Expense: | $ 24,105 |
| Net Operating Income: | $ 56,295 |
| Gross Annual Income: | $ 39,600 |
| Cap Rate: | 9.5% |
| Gross Rent Multiplier: | 15.00 |
| Actual Gross Rent: | $ 39,600 |
| Actual Rent Total: | $ 3,300 |
Structure
| Type of Units: | ADU |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Exterior Security Lights |
| Style: | Contemporary |
| Sewer: | Septic Tank |
| View Description: | City, City Lights, Mountains |
| Water: | Water District |
Land & Parking
| Zoning: | W-2 |
| Land Lease Type: | Fee |
| Parking Garage: | Auto Driveway Gate, Controlled Entrance, RV Hook-Ups, Uncovered, Driveway - Gravel, Driveway Gate |
Interior
| AC/Cooling: | Air Conditioning, Ceiling Fan, Central |
| Equipment: | Ceiling Fan, Dryer, Washer, Microwave, Gas Or Electric Dryer Hookup, Hood Fan |
| Heating: | Central, Forced Air |
| Fireplace Rooms: | None |
| Kitchen Features: | Quartz Counters, Remodeled |
| Laundry: | Laundry Area, In Closet, Inside |
| Patio Features: | Patio Open |
Exterior
| Exterior Construction: | Concrete, Stucco |
| Pool: | No |
| Roof: | Tar and Gravel |
| Spa: | No |
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