Investor's Dream Property! A rare and lucrative income-generating opportunity awaits! This prime investment property, located just outside the city limits of Desert Hot Springs, offers stunning panoramic views of three majestic mountain ranges, all while being just minutes away from the excitement of Palm Springs. The property features a well-maintained single-family home plus a spacious detached ADU. The primary residence is a 3 bedroom, 2 bath home with the 3rd bedroom converted into a great in-law unit with kitchen and private entry. The detached ADU, a grandfathered recreation room conversion, offers 1 bedroom, 1 bath, and a fully equipped kitchen, bringing in an additional $1,800/month. The main house can be potentially rented at $3000/month, offering substantial potential for ongoing revenue. A separate laundry room located beneath a covered patio, with exterior access. Each unit has been meticulously remodeled, with top-tier finishes including white quartz countertops, brand-new appliances, custom cabinetry, energy-efficient LED lighting, and mini-split HVAC units for ultimate comfort and efficiency. The property sits on a generous 2/3-acre lot (approximately 100 feet wide by 300 feet deep), offering abundant space for expansion or additional development. Half of the rear lot is flat and vacant. The entire property is securely fenced with a 6-foot tall, newer wood fence, ensuring privacy. Rear alley access from the southwest corner adds convenience, and a sliding metal/wood gate at both the front and rear of the lot provides easy access and security. For those with recreational vehicles, this property includes full RV hookups, with 30/50 amp electric, water, and sewer connections. Additionally, there are two storage sheds one attached, and one detached offering ample room for all your storage needs. Zoned W-2, the property allows for a range of uses. The flexibility this property offers is unmatched, making it an ideal choice for savvy investors seeking long-term returns. This is an exceptional opportunity to invest in a property with tremendous income potential and future growth possibilities. A must-see for any serious investor!
MLS # | 25497707PS |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1964 |
Days On Site | 143 |
Listing Provided By | Harcourts Desert Homes | Scott James Properties |
Bed(s) | 3 |
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Bath(s) | 3 |
SQ Feet | 1,115 |
Story(s) | 1 |
Units | 3 |
Building(s) | 1 |
Zoning | W-2 |
Acreage | 0.63 |
Property View | Yes |
Cooling | Central Air |
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Heating | Central, Forced Air |
Heating Yes / No | Yes |
Cooling Yes / No | Yes |
Interior Features | Ceiling Fans |
Appliances | Microwave, Dryer, Washer |
Fireplace Yes / No | No |
Roof | Tar Gravel |
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Security Features | Carbon Monoxide Detectors, Fire Detection System, Security Gate, Smoke Detectors |
Construction Materials | Concrete, Stucco |
Foundation Details | Slab |
Parking Features | Controlled Entrance, Electric Gate, Gravel, Rv Hook Ups, Uncovered |
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Sewer | Septic Type Unknown |
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State | CA |
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County | Riverside |
City | Desert Hot Springs |
Zip Code | 92240 |
Area | 340 Desert Hot Springs |
Listing VS Median (in 92240) | |
Price: $589,000 low | high Med: $380,000 SqFt: 1,115 low | high Med: 1,277 $ / SqFt: $528 low | high Med: $298 On site: 143 low | high Med: 94.000000 |