Property Detail
Description
4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong verified rental income. This stabilized, low-maintenance asset is an ideal addition to any investment portfolio. The property features three studio units and one 1-bedroom/1-bathroom unit, all updated in a full 2023 renovation including kitchens, bathrooms, windows, etc. Tenants enjoy an attached on-site laundry room, a premium amenity that keeps vacancy low and tenants happy. Pest control service is already in place.**Why this property stands out:**Strong fundamentals with a 9.08% cap rate and GRM of 8.59 - well below the Coachella Valley market average of 10-12x. The debt coverage ratio sits at a healthy 1.60, making this an easy financing story for buyers. Unit #4 is currently $150 below market rent, representing approximately $1,800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.
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Listing provided courtesy of Maria Corbisiero of Compass. Last updated 2026-06-30 08:11:27.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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