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For sale
  • Listing Provided by: 

    Kate Rust DRE #01267678 760-837-1880,

    Wilson-Meade Commercial Real Estate

    $574,850

    11583 Cactus Dr, Desert Hot Springs, CA 92240

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Rv parking areaInterior upgradesTile flooringLow-maintenance desert landscaping
    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.
    33 days
    on Zillow
    |
    182
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 18, 2025 at 09:36am

    Listing Provided by:

    Kate Rust DRE #01267678 760-837-1880,

    Wilson-Meade Commercial Real Estate

    Source: CRMLS,MLS#: 219132798DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR
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    Next available tour time:Today at 1pm

    Facts & features

    Interior

    Rooms
    • Room types: Living Room
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Range, Water Heater
    Features
    • Flooring: Carpet, Laminate
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway, On Street
    • Garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 9,583 Square Feet
    • Features: Corner Lot, Yard
    Details
    • Parcel number: 639221049
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1956

    Community & HOA

    Community
    • Subdivision: Not Applicable-1
    Location
    • Region: Desert Hot Springs

    Financial & listing details

    • Date on market: 7/16/2025
    • Listing terms: Cash,Cash to New Loan,VA Loan
    • Total actual rent: 4379
    • Tenant pays: Cable TV
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