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Sold for $630,000
  • Listed by: Burton Commercial, Inc. • Tony Burton • Contact: 951-375-7433
    Bought with: Keller Williams Luxury Homes
    $630,000

    66590 Joseph Way, Desert Hot Springs, CA 92240

    6beds
    3baths
    2,520sqft
    Triplex
    Built in 1986
    -- sqft lot
    $634,700 Zestimate®
    $250/sqft
    $1,789 Estimated rent

    Home value

    $634,700

    $578,000 - $698,000

    $1,789/mo

    Zestimate® history
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    What's special

    Freshly painted stucco buildingEngineered wood flooringTile roofCentral heating and air
    This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs! Please see directly below! At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!! At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return. Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses. Finally, we have two other triplexes like this that can be bought.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Burton DRE #01014173 951-375-7433,

    Burton Commercial, Inc.

    Bought with:

    Tom Ashworth, DRE #02061000

    Keller Williams Luxury Homes

    Source: CRMLS,MLS#: SW25235051MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Central
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,520
    • Total interior livable area: 2,520 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 7,405 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 641291007
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s)
    • Subdivision: Other
    Location
    • Region: Desert Hot Springs

    Financial & listing details

    • Price per square foot: $250/sqft
    • Tax assessed value: $440,400
    • Annual tax amount: $7,910
    • Date on market: 10/8/2025
    • Cumulative days on market: 30 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    3/10/2026Sold$630,000-3.1%$250/sqft
    Source: CRMLS #SW25235051 Report a problem
    11/7/2025Pending sale$650,000$258/sqft
    Source: CRMLS #SW25235051 Report a problem
    10/14/2025Price change$650,000-4.4%$258/sqft
    Source: CRMLS #SW25235051 Report a problem
    10/8/2025Listed for sale$680,000+63.9%$270/sqft
    Source: CRMLS #SW25235051 Report a problem
    10/5/2025Listing removed$1,675$1/sqft
    Source: Zillow Rentals Report a problem
    9/29/2025Price change$1,675-1.2%$1/sqft
    Source: Zillow Rentals Report a problem
    8/24/2025Listed for rent$1,695$1/sqft
    Source: Zillow Rentals Report a problem
    7/2/2021Sold$415,000$165/sqft
    Source: HomeSmart Intl Solds #219059535_92240 Report a problem
    7/2/2021Pending sale$415,000$165/sqft
    Source: HomeSmart #219059535 Report a problem
    5/5/2021Contingent$415,000$165/sqft
    Source: CDAR/ Desert Area MLS #219059535 Report a problem
    4/30/2021Listed for sale$415,000$165/sqft
    Source: CDAR/ Desert Area MLS #219059535 Report a problem
    4/12/2021Contingent$415,000$165/sqft
    Source: CDAR/ Desert Area MLS #219059535 Report a problem
    3/27/2021Listed for sale$415,000+144.1%$165/sqft
    Source: CDAR/ Desert Area MLS #219059535 Report a problem
    12/17/2015Sold$170,000$67/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,910 -1.7%$440,400 +2%
    2024$8,043 -1.2%$431,766 +2%
    2023$8,137 -0.1%$423,300 +2%
    2022$8,142 +57.4%$415,000 +123.2%
    2021$5,173 +2.3%$185,915 +1%
    2020$5,054 +1.3%$184,010 +2%
    2019$4,988 +3%$180,403 +2%
    2018$4,844 +3.6%$176,867 +2%
    2017$4,676 $173,400 +2%
    2016$4,676 +128.1%$170,000 +63.9%
    2015$2,050 +1%$103,742 +2%
    2014$2,030 $101,712 +0.5%
    2013-- $101,255 +2%
    2012-- $99,271 -34.1%
    2011-- $150,648 +0.8%
    2010-- $149,524 -0.2%
    2009-- $149,882 +2%
    2008-- $146,944 +2%
    2007-- $144,064 +2%
    2006-- $141,240 +2%
    2005-- $138,471 +31.9%
    2003-- $105,000 +31.3%
    2002-- $80,000
    2001$1,146 +0.8%$80,000
    2000$1,137 $80,000
    Find assessor info on the county website

    Neighborhood: 92240

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $634,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $634,700