10485 Santa Cruz Rd
Desert Hot Springs, CA 92240
Immeuble residentiel Propriété À vendre · 4 Unités

Fully remodeled 4-unit income property in Desert Hot Springs, CA — 100% occupied with long-term tenants and generating $5,715/month in 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 and bathrooms. 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.
**Unit mix:**
- Unit #1 — Studio · $1,450/mo
- Unit #2 — Studio · $1,350/mo (lease through June 2026)
- Unit #3 — Studio · $1,425/mo
- Unit #4 — 1 Bed / 1 Bath · $1,150/mo
**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.
**Listing price:** $589,000 · $147,250 per unit · All figures cash basis as of March 2026