10485 Santa Cruz Rd

2,640 Sq. Ft.
$223 / Sq. Ft.
2,640
Sq. Ft.
$223
per Sq. Ft.

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...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.
  1. Listed by Maria Corbisiero • DRE #02092247 • Compass

Property Details for 10485 Santa Cruz Road

Subdivision Name
Desert View Estates
Carport Spaces
.00
Garage Spaces
.00
View
No
Cross Street
Santa Cruz
LISTING UPDATED: 05/19/2026 03:54 PM

Property Details for 10485 Santa Cruz Road

StatusActive
MLS #219148018
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.25 AC / 10,890 SF
CountyRiverside County

Location

Listing Courtesy of Compass, Maria Corbisiero, DRE #02092247
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Building Information for 10485 Santa Cruz Road

Stories1Residences4Year Built1965Building Size-Lot Size0.25 AC / 10,890 SF

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$3,529 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,935

Property Taxes

$594

HOA Dues

$0

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Property Information for 10485 Santa Cruz Road

Summary
Location and General Information
  • City: Desert Hot Springs
  • Country: US
  • Directions: Santa Cruz Rd - 12th St.
  • Levels: Ground
  • Area: 340 - Desert Hot Springs
  • Senior Community: No
  • Unparsed Address: 10485 Santa Cruz Road, Desert Hot Springs, CA 92240
  • Walk Score: 0
Parking
  • Parking Features: Driveway, Total Uncovered/Assigned Spaces
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Level
  • Lot Size Area: 10,890.00
  • Lot Size Source: Assessor
  • Parcel Number: 639032027
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 0
  • Entry Location: Ground Level - No Steps
  • New Construction: No
  • Property Condition: Repairs Major
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Sewer: In Connected and Paid
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Fencing: Wood
  • Foundation Details: Slab
  • Patio And Porch Features: Enclosed
  • Pool Private: No
  • Spa: No
  • Stories Total: 1
Interior Features
  • Appliances: Water Heater, Refrigerator, Dishwasher
  • Bathrooms Full: 4
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 4
  • Fireplace: No
  • Flooring: Laminate
  • Heating: Electric
  • Heating: Yes
  • Interior Features: All Bedrooms Down, Other, Granite Counters
  • Laundry Features: Community
  • Living Area: 2,640.00
  • View: No
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Special Listing Conditions: Standard
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 10485 Santa Cruz Road

DateEvent & SourcePriceAppreciation
May 31, 2026

Expired

GPSMLS #219143149

$595,000—
May 30, 2026

Expired

CRMLS #219143149DA

—
May 18, 2026

Listed (Active)

CRMLS #219148018DA

$589,000—
DateEvent & SourcePrice
05/31/2026

Expired

GPSMLS #219143149

$595,000
05/30/2026

Expired

CRMLS #219143149DA

—
05/18/2026

Listed (Active)

CRMLS #219148018DA

$589,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10485 Santa Cruz Road

Taxable ValueLand$84,896Additions$360,810Total$445,706
Tax Record2025$7,124 ($594 / month)
Home Facts
Total Finished SqFt1,943 SqFtAbove Grade Finished SqFt1,943 SqFtStories1Lot Size10,890 SqFtStyleQuadraplexYear Built1965ZoningR1CountyRIVERSIDEAPN639-032-027

Schools near 10485 Santa Cruz Road

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bella Vista Elementary School
PublicK to 5

Painted Hills Middle School
Public6 to 8

Desert Hot Springs High School
Public9 to 12

Mt. San Jacinto High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

10485 Santa Cruz Road is a multi-family home for sale in Desert Hot Springs, CA 92240. This property was listed for sale on May 18, 2026 by Compass, it's currently listed at $589,000. It has been on the market for a total of 32 days and was last sold on February 10, 2023. This listing's school district is Palm Springs Unified School District. Nearby schools include Bella Vista Elementary School, Painted Hills Middle School and Desert Hot Springs High School. 10485 Santa Cruz Road is a 4-bed, 4-bath, 2,640 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Maria Corbisiero, DRE #02092247

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.