66124 Acoma ave, Desert Hot Springs, CA 92240

Active

$650,000

3 Units

5 Beds

3 Baths

2,096 Area(sq.ft.)

Lot: 6,534 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	2	2	No	$ 2,200	$ 1,975	$ 2,200
Unit 2	1	2	2	No	$ 2,200	$ 1,952	$ 2,200
Unit 3	1	2	1	No	n/a	n/a	$ 2,100
	3	6	5		$ 4,400	$ 3,927	$ 6,500

MLS #:	25-487095
Days On Market:	319
Listing Date:	January 21, 2025
County:	Riverside
Property Type:	Residential Income
Price per ft²:	$ 310
Price per unit:	$ 216,667
Year Built:	1974

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Cap rate of almost 10% ($6k per month rent), based on pro-forma. An outstanding opportunity to acquire a set of three legal units! Two of three are rented ($4k) and one delivered vacant worth another $2k. All units have been upgraded and are move in ready. Unit 1&2 boast 2 bed, 2 baths and the third unit is 2 bed, 1 bath in a separate building in the back. Live in one and rent the others or rent them all and make a big buck! Inside, you'll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful barn doors, the bathrooms are in great shape. Whether you're looking to diversify your investment portfolio or execute a 1031 exchange, this location is ideal for investors seeking prime real estate opportunities with a potential of 10% cap rate. Each unit has it's own meters.

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Income Details

Gross Operating Income:	$ 78,000
Total Annual Expense:	$ 10,250
Net Operating Income:	$ 78,000
Gross Annual Income:	$ 6,500
Cap Rate:	10%
Gross Rent Multiplier:	8.30