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$ 950,000
Est. payment /mo
Active
66229 8th Street Desert Hot Springs, CA 92240
5 Beds
4 Baths
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25101408
Bedrooms 5
HOA Y/N No
Lot Size 0.280 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Victor Martinez & Associates is pleased to present 8TH ST APARTMENTS, a 6-unit multifamily property located at 66229 8th St in Desert Hot Springs, CA. This value-add opportunity features a well-balanced unit mix consisting of (3) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (1) studio, offering a strong appeal to a broad tenant base in a high-demand rental area. Situated on 0.28 acres, the property was built in 1965 and provides on-site parking and direct street frontage on 8th St. Tenants pay for their own trash service, while all other utilitieswater, gas, electricity, and sewerare paid directly by ownership. The property is located in a quiet, residential neighborhood just across from a public park, making it an ideal setting for long-term renters. 8TH ST APARTMENTS is positioned in a growing submarket of the Coachella Valley with strong rental demand and limited supply. With land available for additional improvements and future upside through potential interior or exterior enhancements, this asset presents a rare chance to acquire a well-maintained, income-producing property with long-term growth potential. Property Highlights: 6 total units: (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) Studio 0.28-acre lot with on-site parking Located across from a public park in a quiet residential area Tenants pay trash; owner pays water, gas, electric, and sewer Strong local rental market with room for growth Built in 1965 | Individual ownership | APN: 639-181-025
Victor Martinez & Associates is pleased to present 8TH ST APARTMENTS, a 6-unit multifamily property located at 66229 8th St in Desert Hot Springs, CA. This value-add opportunity features a well-balanced unit mix consisting of (3) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (1) studio, offering a strong appeal to a broad tenant base in a high-demand rental area. Situated on 0.28 acres, the property was built in 1965 and provides on-site parking and direct street frontage on 8th St. Tenants pay for their own trash service, while all other utilitieswater, gas, electricity, and sewerare paid directly by ownership. The property is located in a quiet, residential neighborhood just across from a public park, making it an ideal setting for long-term renters. 8TH ST APARTMENTS is positioned in a growing submarket of the Coachella Valley with strong rental demand and limited supply. With land available for additional improvements and future upside through potential interior or exterior enhancements, this asset presents a rare chance to acquire a well-maintained, income-producing property with long-term growth potential. Property Highlights: 6 total units: (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) Studio 0.28-acre lot with on-site parking Located across from a public park in a quiet residential area Tenants pay trash; owner pays water, gas, electric, and sewer Strong local rental market with room for growth Built in 1965 | Individual ownership | APN: 639-181-025
Victor Martinez & Associates is pleased to present 8TH ST APARTMENTS, a 6-unit multifamily property located at 66229 8th St in Desert Hot Springs, CA. This value-add opportunity features a well-balanced unit mix consisting of (3) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (1) studio, offering a strong appeal to a broad tenant base in a high-demand rental area. Situated on 0.28 acres, the property was built in 1965 and provides on-site parking and direct street frontage on 8th St. Tenants pay for their own trash service, while all other utilitieswater, gas, electricity, and sewerare paid directly by ownership. The property is located in a quiet, residential neighborhood just across from a public park, making it an ideal setting for long-term renters. 8TH ST APARTMENTS is positioned in a growing submarket of the Coachella Valley with strong rental demand and limited supply. With land available for additional improvements and future upside through potential interior or exterior enhancements, this asset presents a rare chance to acquire a well-maintained, income-producing property with long-term growth potential. Property Highlights: 6 total units: (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) Studio 0.28-acre lot with on-site parking Located across from a public park in a quiet residential area Tenants pay trash; owner pays water, gas, electric, and sewer Strong local rental market with room for growth Built in 1965 | Individual ownership | APN: 639-181-025
Location
State CA
County Riverside
Area Riv Cty-Desert Hot Spri (92240)
Zoning Assessor
Building
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $235
Acceptable Financing Conventional
Space Rent $1,300
Listing Terms Conventional
Listed by William Melton • PAEZ REALTY COMPANY