Date
Details
Price
Change
Source
2/09/2026
Listed
$446,000
—
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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1/21
$446,000
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1/21
Property Description
Income Property in Desert Hot Springs - Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A - $1350 Monthly,Unit B - $1150 Monthly,Unit C - $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations - 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit - $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Full Property Details
Full Property Details for 66338 2nd St St
General
- Price: $446,000
- Status: Active
- Type: Multi-Family
- Source: Desert_Area_Palm_Springs
- MLS ID: 219142976
- Updated: 2/10/2026
- Added to Site: 14 day(s) ago
Interior
- Number of Fireplaces: 1
- Flooring: Mixed
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Additional Information
- Security/Safety: None
Parking
- Total Spaces: 4
Location
- Area: 340 - Desert Hot Springs
- County: Riverside
- Subdivision: Not Applicable
- Cross Streets: 2nd & Palm
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: In Street Paid
Structural Information
- Sub-Flooring: Mixed
- Year Built: 1942
- Year Built Source: Assessor
Lot Features
- Lot Size Source: Assessor
Financial Considerations
- Price Per Unit: 148000
- Terms: Cash, Cash to New Loan
Disclosures and Reports
- APN: 639242035
Listed by HomeSmart, Richard H MacMillan and HomeSmart, Paige Maccio-Smith
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Listing agents
— 66338 2nd St St —
Richard H MacMillan
HomeSmart
Paige Maccio-Smith
HomeSmart
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 66338 2nd St St
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 | 1.3 mi |
Painted Hills Middle School 9250 Sonora Drive, Desert Hot Springs, CA 92240 | 6-8 | 1.4 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 66338 2nd St St
Estimate the Cost
Estimate the Cost for 66338 2nd St St
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,064Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,388Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,170Sq. Ft.
Listed by Ariana Lopez (CalRE#: 02143946) (760) 601-5137 and Jenell VanDenBos (CalRE#: 01833698) (760) 831-4126
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66338 2nd St Street, Desert Hot Springs, CA 92240 (MLS# 219142976) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 66338 2nd St Street is currently listed for $446,000 and was received on February 09, 2026. Want to learn more about 66338 2nd St Street? 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.