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66327 7th Street

Desert Hot Springs, CA 92240
  • $1,100,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: IV22118240
UPDATED: 40 min ago
$1,100,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)


Description

This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T10:30:17.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
www.bradschmett.net/homes/129440917
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66327 7th Street Desert Hot Springs, CA 92240

  • Price: $1,100,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 40 min ago
  • MLS #: IV22118240
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1960
Built
Neighborhood:
Desert View Estates (34004)
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
This six-unit property features (1) one-bedroom unit and (5) studio units. The current ownership focus has been on quality improvements of the property, the latest improvements being the roof and exterior paint. The management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at 100% occupancy. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region, sometimes referred to as the Desert Empire. The population was 25,938 at the 2010 census, up from 16,582 at the 2000 census. One can enjoy the calm and relaxing landscape of Desert Hot Springs as well as the many healing natural hot springs for which the community is known for. But if one prefers the hustle and bustle of the city, with an abundance of shops, restaurants, services available and cultural or sportive activities, only 14 miles separate the property to the heart of Palm Springs and 23 miles to the city of Palm Desert. Outdoor and hiking enthusiasts would also enjoy the location, nestled between the Coachella Valley Preserve, only 15 min away and the Morongo Desert preserve, only 30 min away. The property is conveniently situated just blocks from the I-10 freeway, a major thoroughfare between Los Angeles County and the Inland Empire.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 5.18 Common Interest None Community Features Storm Drain(S)Street LightsSidewalks Electric Expense 952 Fuel Expense 952 Garage YN No Gross Income 86880 Gross Scheduled Income 86880 Insurance Expense 1600 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 57472 New Construction YN No New Taxes Expense 13671 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Operating Expense 26802 Pest Control Expense 300 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 952 Water Sewer Expense 952 Water Source Public Zoning Tr



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T10:30:17.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,
Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)