10485 Santa Cruz Road, Desert Hot Springs, CA 92240

Desert Hot Springs
Local realty services provided by:Better Homes and Gardens Real Estate Champions
10485 Santa Cruz Road,Desert Hot Springs, CA 92240
$589,000
  • 4 Beds
  • 4 Baths
  • 2,640 sq. ft.
  • Multi-family
  • Active
Listed by: maria n corbisiero
Office: compass
MLS#:219148018
Source:CA_DAMLS

Price summary

  • Price:$589,000
  • Price per sq. ft.:$223.11

About this home

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,...

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Home facts

  • Year built:1965
  • Listing ID #:219148018
  • Added:54 day(s) ago
  • Updated:July 11, 2026 at 05:42 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Laminate
  • Bathrooms Description:Shower & Tub
  • Kitchen Description:Granite Counters
  • Bedroom Description:All Bedrooms Down
  • Living area:2,640 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Year built:1965
  • Building area:2,640 sq. ft.
  • Lot area:0.25 Acres
  • Lot Features:Level
  • Construction Materials:Stucco
  • Exterior Features:Enclosed Patio
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Sewer:Connected and Paid, In

Finances and disclosures

  • Price:$589,000
  • Price per sq. ft.:$223.11

Features and amenities

  • Laundry features:Community
Based on information from the California Desert Association of REALTORS® as of July 11, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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