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66351 1st St
Desert Hot Springs, CA 92240
 66351 1st Street · Multifamily Property For Sale · 5 Units

Apartment Buildings California Desert Hot Springs 66351 1st St, Desert Hot Springs, CA 92240

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Investment Highlights

  • Great location one block off Pierson
  • 100% occupied below market rents
  • Ample off street parking

Executive Summary

One bedroom one bathroom units comes with a big living room, good size kitchen, separate bathroom and roomy bedroom. Located close to downtown these units are within walking distance of stores and entertainment. Ample off street parking. Easily rented although currently 100% occupied. Value add opportunity.

Property Facts

Price Per Unit $307,846 CAD Lot Size 0.31 AC
Sale Type Investment Building Size 3,000 SF
Cap Rate 4.04% Average Occupancy 100%
Gross Rent Multiplier 14.59 No. Stories 1
No. Units 5 Year Built 1972
Property Type
Multifamily
  • Multifamily Apartments
 Parking Ratio 3.33/1,000 SF
Apartment Style Garden Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning VS-MU - Multi Unit Residential
Price Per Unit $307,846 CAD
Sale Type Investment
Cap Rate 4.04%
Gross Rent Multiplier 14.59
No. Units 5
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.31 AC
Building Size 3,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1972
Parking Ratio 3.33/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning VS-MU - Multi Unit Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - -

Property Taxes

Parcel Number 639-252-010 Improvements Assessment $284,196 CAD
Land Assessment $121,796 CAD Total Assessment $405,993 CAD

Property Taxes

Parcel Number
639-252-010
Land Assessment
$121,796 CAD
Improvements Assessment
$284,196 CAD
Total Assessment
$405,993 CAD
 

  • Listing ID: 40904545

  • Date on Market: 2026-06-12

  • Last Updated:

  • Address: 66351 1st St, Desert Hot Springs, CA 92240

The Multifamily Property at 66351 1st St, Desert Hot Springs, CA 92240 is currently available for Sale. Contact Realty West Commercial for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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