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For sale
    • Listed by: Equity Union • Richard MacMillan • Contact: 760-574-2299
    $446,000

    66338 2nd St, Desert Hot Springs, CA 92240

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    Multi Family
    Built in 1942
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Two updated units
    Income Property in Desert Hot Springs - Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A - $1350 Monthly,Unit B - $1150 Monthly,Unit C - $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations - 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit - $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
    164 days
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    50
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    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Richard MacMillan DRE #01183445 760-574-2299,

    Equity Union,

    Co-Listing Agent: Paige Maccio-Smith DRE #01956853,

    Equity Union

    Source: CRMLS,MLS#: 219142976DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

      Facts & features

      Interior

      Rooms
      • Room types: Great Room
      Heating
      • Central
      Cooling
      • Wall/Window Unit(s)
      Features
      • Has fireplace: No

      Property

      Parking
      • Total spaces: 4
      • Parking features: Driveway
      • Uncovered spaces: 4
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 6,534 Square Feet
      Details
      • Parcel number: 639242035
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • New construction: No
      • Year built: 1942

      Community & HOA

      Community
      • Subdivision: Not Applicable-1
      Location
      • Region: Desert Hot Springs

      Financial & listing details

      • Date on market: 2/9/2026
      • Listing terms: Cash,Cash to New Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,637/mo

        Price history

        DateEventPrice
        2/10/2026Listed for sale$446,000+30.4%
        Source: Greater Palm Springs Realtors #219142976 Report a problem
        3/30/2022Sold$342,000-5%
        Source: CDAR/ Desert Area MLS #219073242 Report a problem
        3/15/2022Pending sale$360,000
        Source: CRMLS #219073242DA Report a problem
        3/2/2022Price change$360,000-10%
        Source: CRMLS #219073242DA Report a problem
        2/24/2022Listed for sale$400,000
        Source: CRMLS #219073242DA Report a problem
        2/15/2022Pending sale$400,000
        Source: CRMLS #219073242DA Report a problem
        1/31/2022Listed for sale$400,000+220%
        Source: CRMLS #219073242DA Report a problem
        1/21/2016Sold$125,000-3.8%
        Source: Agent Provided Report a problem
        10/30/2015Pending sale$129,900
        Source: Realty ONE Group Champions #IG15230622 Report a problem
        10/22/2015Price change$129,900-3.7%
        Source: Realty ONE Group Champions #IG15230622 Report a problem
        7/14/2015Price change$134,900+3.8%
        Source: Realty ONE Group Champions #IG14249970 Report a problem
        11/29/2014Price change$129,900+3.9%
        Source: Realty ONE Group - Champions #IG14249970 Report a problem
        6/3/2014Listed for sale$125,000+64.5%
        Source: Realty ONE Group - Champions #SW14106599 Report a problem
        4/27/2001Sold$76,000
        Source: CDAR/ Desert Area MLS #4907497 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92240

        Getting around

        71 / 100
        Very Walkable
        34 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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