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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.
Property Type(s):
Residential Income
| Last Updated | 7/16/2025 | Tract | Not Applicable-1 |
|---|---|---|---|
| Year Built | 1956 | Community | 340 - Desert Hot Springs |
| Garage Spaces | 4.0 | County | Riverside |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Water Heater |
| AREA | 340 - Desert Hot Springs |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Driveway, On Street |
| STORIES | 2 |
| SUBDIVISION | Not Applicable-1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
Location
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Listed with Wilson-Meade Commercial Real Estate
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