11583 Cactus Dr 3 Unit Apartment Building $794,730 CAD ($264,910 CAD/Unit) 7.69% Cap Rate Desert Hot Springs, CA 92240

Price improved to $574,850. This is a rare opportunity to acquire a fully occupied, income-producing triplex with significant upside potential through future rent increases and the implementation of RUBS for utility reimbursement.
Ideally located on the corner of Cactus Drive and 3rd Street—just blocks from downtown Desert Hot Springs—the property features a desirable unit mix: a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath.
Also on property is an RV spot currently being rented for $550/month
Each unit offers tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system that currently offsets all electrical costs, minimizing operating expenses.
The owner has recently completed numerous upgrades, including:
Fresh exterior paint and stucco edge refinishing
New fencing and redesigned desert landscaping
Addition of a 45-foot RV parking area
Partial exterior drywall repairs
New interior paint, lighting, ceiling fans, doors, and locks
Drywall work as needed and installation of a new main A/C unit
With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking steady cash flow and long-term growth.
Please do not disturb tenants. Contact listing broker for additional information.