66357 4th Street

Desert Hot Springs, CA 92240

$509,000
Last Sold Price
3
Beds
15
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Capitalize on your investment, gross annual income of $52,572, this desert beauty offers plenty of opportunities. A total of five fully-occupied apartment homes with low operating expenses. Easy to manage, close to shopping centers, schools, offices and restaurants, prime income property in the heart of the springs. Recent improvements include electrical, roofing, paint, flooring, and plumbing. FREE lot next door included with the purchase. Call listing agent with additional questions or concerns.Capitalize on your investment, gross annual income of $52,572, this desert beauty offers plenty of opportunities. A total of five fully-occupied apartment homes with low operating expenses. Easy to manage, close to shopping centers, schools, offices and restaurants, prime income property in the heart of the springs. Recent improvements include electrical, roofing, paint, flooring, and plumbing. FREE lot next door included with the purchase. Call listing agent with additional questions or concerns.
  1. Listed by Violeta De La Torre • DRE #02087895 • Brokerage DRE #01862781 • AARE

Property Details for 66357 4th Street

Cooling Type
Wall/Window
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Assessor Parcel Number
639-241-010
Property Attached YN
false
Stories Total
1
Parking for RV
On-Site Parking

Location

Listing Courtesy of AARE, Violeta De La Torre, DRE #02087895

Sold By Classic Investments, Evelyn Waidhofer, DRE #00972179

Add your commute
LISTING UPDATED: 05/21/2021 10:29 AM

Property Details for 66357 4th Street

StatusClosed
MLS #200043128
Days on Market173
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size-
CountyRiverside County

Location

Listing Courtesy of AARE, Violeta De La Torre, DRE #02087895

Sold By Classic Investments, Evelyn Waidhofer, DRE #00972179

Add your commute

Building Information for 66357 4th Street

Stories1Residences-Year Built1950Building Size-Lot Size-

Payment Calculator

$3,454 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,778

Property Taxes

$676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 66357 4th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas/Propane
Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $52,572
  • Other Income 1: $0
  • Gross Multiplier: 9.79
  • Cap Rate: 14.03
Expense Details
  • Total Expenses: $15,859
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community: OUT OF AREA
  • Complex/Park: Desert Hot Springs
  • Complex Features: Laundry Facilities
  • Park Name: Desert Hot Springs
Property / Structure Info
Interior Features
Exterior Features
  • Security: N/K
  • Construction Materials: Block, Brick, Stucco, Wood Siding
  • Exterior Construction: Block, Brick, Stucco
  • Exterior: Block, Brick, Stucco, Wood
  • Roof: Composition
  • Fence: Yes
  • Fence: Partial
  • Fencing: Partial
  • Miscellaneous: Hdicap/Whlchair, Value in Land
Land/Lot Info
  • Number Of Units: 5
  • Topography: Canyon/Valley
  • Levels: One
Parking Info
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $795
  • Unit Type Total Rent: $795
  • Unit Type Pro Forma: 825
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $975
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $725
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $750
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $975
  • Unit Type Total Rent: $975
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number With Dishwasher: 0
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Patio: 5

Property History for 66357 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 66357 4th Street

Taxable ValueLand$72,828Additions$383,907Total$456,735
Tax Record2023$8,114 ($676 / month)
Home Facts
Total Finished SqFt432 SqFtAbove Grade Finished SqFt432 SqFtStories1Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningR2CountyRIVERSIDEAPN639-241-010

Schools near 66357 4th Street

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

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AARE, Violeta De La Torre, DRE #02087895

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.