11583 Cactus Drive, Desert Hot Springs, CA 92240
Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
11583 Cactus Drive,Desert Hot Springs, CA 92240
$574,850
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kate rust
Office: wilson-meade commercial real estate
MLS#:219132798DA
Source:CRMLS
Price summary
- Price:$574,850
About this home
Price improved to $574,850. Excellent opportunity to acquire a fully occupied, income-producing triplex with upside potential through future rent increases and implementation of RUBS for utility reimbursement. Situated on the corner of Cactus Drive and 3rd Street, just blocks from downtown Desert Hot Springs, the property offers a strong unit mix consisting of a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. All units feature tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system currently covering all electrical costs, significantly reducing operating expenses. Recent improvements include fresh exterior paint, refinished stucco edges, partial exterior drywall replacement, new fencing, and updated landscaping. The owner also added a 45-foot RV parking area. Interior upgrades include new ceiling fans, lighting, interior paint, new doors and locks, as well as drywall touch-ups and a newly installed main A/C unit. With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking consistent cash flow and long-term appreciation. Please do not disturb tenants. Contact listing broker for more information.
Contact an agent
Home facts
- Year built:1956
- Listing ID #:219132798DA
- Added:137 day(s) ago
- Updated:December 01, 2025 at 11:43 AM
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1956
- Lot area:0.22 Acres
Finances and disclosures
- Price:$574,850
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