66553 Estrella Avenue, Desert Hot Springs, CA 92240
Local realty services provided by:Better Homes and Gardens Real Estate Champions
66553 Estrella Avenue,Desert Hot Springs, CA 92240
$229,000
- 2 Beds
- 3 Baths
- 1,355 sq. ft.
- Multi-family
- Active
Listed by: christopher j townson
Office: exp realty of california, inc.
MLS#:219151168
Source:CA_DAMLS
Price summary
- Price:$229,000
- Price per sq. ft.:$169
About this home
Best deal in Desert Hot Springs Investment Duplex - Rent increases can be made now! Long term tenants have beat this place up BUT they want to stay!!! Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment.
• Condition: Both tenants are long time occupants, and both units require repairs and will require significant cosmetic improvements upon turnover.
Property Configurations:
• Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard.
• Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard.
Strong Financials & Immediate Upside:
• Stable Cash Flow: Total current gross income of $1,862/month.
• Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease.
• Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. Currently on a month-to-month lease.
• Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates.
Utilities & Parking Logistics:
• Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B.
• Abundant Parking: Includes a 1-car attached garage and 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that access could end at any time but there is plenty of parking out in front on the street.
• Unbeatable Central Location: Boasting a high walkability factor, this property is a short 4-block stroll to the Hacienda Palms Shopping Center. Tenants enjoy instant access to grocery stores, banking, retail shops, and local dining.
NOTE: Some photos have been digitally altered to remove furniture and tenant property for a better visual of the layout...
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Home facts
- Year built:1965
- Subdivision & Development:Not Applicable
- Listing ID #:219151168
- Added:84 day(s) ago
- Updated:October 30, 2026 at 04:10 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Tile
- Bathrooms Description:Shower & Tub
- Kitchen Description:Range Hood, Tile Counters
- Bedroom Description:Main Floor Bedroom
- Living area:1,355 sq. ft.
Heating and cooling
- Cooling:Air Conditioning, Central Air, Wall/Window Unit(s)
- Heating:Central, Electric, Forced Air, Wall Furnace
- Central air:Yes
Structure and exterior
- Roof:Flat
- Year built:1965
- Building area:1,355 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Street Public
- Architectural Style:Hacienda
- Construction Materials:Stucco, Wood Siding
- Levels:1 Story, One Level
Utilities
- Water:Water District
Finances and disclosures
- Price:$229,000
- Price per sq. ft.:$169
Features and amenities
- Laundry features:Outside
Parking
- Garage spaces:1
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