Date
Details
Price
Change
Source
5/18/2026
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$589,000 Just Listed
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Property Description
4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong 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, bathrooms, windows, etc. 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.**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. OR live in one and rent the others - great options.
Full Property Details
Full Property Details for 10485 Santa Cruz Rd
General
- Price: $589,000
- Status: Active
- Type: Multi-Family
- Source: Desert_Area_Palm_Springs
- MLS ID: 219148018
- Updated: 5/19/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Fireplaces: 1
- Appliances: Dryer, Washer, Refrigerator, Dishwasher
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Bathroom Features: Shower & Tub
Bedrooms
- Bedroom Features: All Bedrooms Down
Other Rooms
- Kitchen: Granite Counters
- Laundry: Own
Additional Information
- Security/Safety: None
Exterior
- Deck/Patio: Enclosed
Parking
- Total Spaces: 8
Location
- Area: 340 - Desert Hot Springs
- County: Riverside
- Subdivision: Desert View Estates
- Cross Streets: Santa Cruz
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Other
Utilities
- Sewer: In, Connected and Paid
Structural Information
- Exterior Const.: Stucco
- Foundation: Slab
- Sub-Flooring: Laminate
- Entry Location: Ground Level - No Steps
- Year Built: 1965
- Year Built Source: Assessor
- Property Condition: Major Repairs
Lot Features
- Lot Size Source: Assessor
- Lot Features: Level, Yard
- Lot Description: Level, Yard
Financial Considerations
- Terms: 1031 Exchange, VA Loan, FHA, Cash, Conventional
- Owner Pays: Other, Water, Trash Collection
- Tenant Pays: Cable TV, Gas, Electricity
Disclosures and Reports
- APN: 639032027
Listed by Compass, Maria N Corbisiero
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Listing agent
— 10485 Santa Cruz Rd —
Maria N Corbisiero
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 10485 Santa Cruz Rd
School District:Palm Springs Unified School District
| Name | Grades | Distance |
|---|---|---|
Bella Vista Elementary School, Desert Hot Springs, CA 65750 Avenida Jalisco, Desert Hot Springs, CA 92240 | K-5 | 0.7 mi |
Painted Hills Middle School 9250 Sonora Drive, Desert Hot Springs, CA 92240 | 6-8 | 0.8 mi |
Desert Hot Springs High School 65850 Pierson Boulevard, Desert Hot Springs, CA 92240 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10485 Santa Cruz Rd
Tax History
Tax History for 10485 Santa Cruz Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,261
—
$445,706
2%
2024
$7,261
11%
$436,968
21%
2023
$6,515
—
$361,720
2%
2022
$6,512
-6%
$354,629
2%
2021
$6,929
3%
$347,677
1%
2020
$6,716
1%
$344,113
2%
2019
$6,627
3%
$337,366
2%
2018
$6,456
3%
$330,752
2%
2017
$6,276
5%
$324,267
2%
2016
$6,002
32%
$317,910
2%
2015
$4,559
40%
$313,136
53%
2014
$3,259
-1%
$205,000
—
2013
$3,308
—
$205,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 10485 Santa Cruz Rd
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,127Sq. Ft.
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- Updated 2 days ago
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- Condo
- Active
- Updated 18 hours ago
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- Single Family
- Closed
- 4Beds
- 2Total Baths
- 2,120Sq. Ft.
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,730Sq. Ft.
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,820Sq. Ft.
10485 Santa Cruz Road, Desert Hot Springs, CA 92240 (MLS# 219148018) is a Multi-Family property with 4 units containing 0 bedrooms and 4 full bathrooms. 10485 Santa Cruz Road is currently listed for $589,000 and was received on May 18, 2026. Want to learn more about 10485 Santa Cruz Road? Do you have questions about finding other Multi-Family real estate for sale in Desert Hot Springs? You can browse all Desert Hot Springs real estate or contact a Coldwell Banker agent to request more information.