Desert Hot Springs, CA 92240,66800 1st ST
Desert Hot Springs, CA 92240,66800 1st ST
Desert Hot Springs, CA 92240,66800 1st ST
37
$975,000
$1,050,000
7.1%
Est.Price: ?

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10,454 Sqft Lot

66800 1st ST Desert Hot Springs, CA 92240

Est. payment /mo
SOLD DATE : 03/01/2023

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Key Details

Sold Price $975,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219088741DA

Sold Date 03/01/23

HOA Y/N No

Year Built 1965

Lot Size 10,454 Sqft

Property Description

Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Electric, Forced Air, Natural Gas, Wall Furnace

Cooling Central Air, Evaporative Cooling, Wall/Window Unit(s)

Flooring Tile

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water To Refrigerator, Water Heater

Exterior

Parking Features Side By Side, Unassigned

Pool Gunite, In Ground

View Y/N No

Roof Type Composition

Total Parking Spaces 8

Private Pool Yes

Building

Story 1

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 639322014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Fischer • Coldwell Banker Realty
Bought with Subscriber Non • Non-Participant Office

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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