66620 5th St, Desert Hot Springs, CA 92240
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66620 5th St Desert Hot Springs, CA 92240

$775,000
  • 7 Beds
  • 6 Baths
  • 2,400 Sq.Ft.
Pending
$775,000 Get Pre-Qualified

Map preview of 66620 5th St, Desert Hot Springs, CA 92240

Property Overview: 66620 5th St Desert Hot Springs, CA has 7 bedrooms, 6 bathrooms, 2,400 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 6 Unit complex in Desert Hot Springs. One unit recently upgraded and remodeled. Very unique complex as there is a pool for tenants to share. Each unit has their own electrical meter. All units have electric range/ovens. Only one water and one gas meter. Although there is only one gas meter, the gas company gives the climate credit for six units. Two water heaters. The two bed and one bed units have central HVAC. Three studios have mini splits and one unit has window AC with heat.

Listed by Sonya Feigen | BRE #01266327 | Vogler Feigen Realty
Last checked: 15 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Mixed Use
Status
Pending
MLS#
SW24149785
City
Desert Hot Springs
County
Riverside
Time on Site
67 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $940
  • Total Rent: $940
  • Pro Forma/Market Rent: $940
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $920
  • Pro Forma/Market Rent: $920
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $975
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $75,420
  • Net Operating Income: $59,971
  • Gross Operating Income: $77,820
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $17,849
  • Electric: $0
  • Gas/Fuel: $1,296
  • Trash: $2,448
  • Insurance: $5,293
  • Professional Management: $0
  • Water/Sewer: $5,800

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Property Details for 66620 5th St

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private, Gunite
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 639271020
  • Year Built Source: Seller
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: none
  • Directions: Palm and Pierson
Neighborhood Information
  • Community Features: Suburban
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Sale History for 66620 5th St

Last sold for $382,000 on May 8th, 2019
  • September, 2024

  • Sep 12, 2024

    Date

    Pending

    CRMLS: SW24149785

    $775,000

    Price

  • Jul 21, 2024

    Date

    Active

    CRMLS: SW24149785

    $775,000

    Price

  • July, 2024

  • Jul 20, 2024

    Date

    Canceled

    CRMLS: SW24095696

    $730,000

    Price

  • May 12, 2024

    Date

    Active

    CRMLS: SW24095696

    $730,000

    Price

  • Listing provided courtesy of CRMLS

    Single story 6 unit complex in Desert Hot Springs. Building is single story and common area includes a pool.

  • August, 2022

  • Aug 5, 2022

    Date

    Expired

    CRMLS: AR22023120

    $588,000

    Price

  • Feb 4, 2022

    Date

    Active

    CRMLS: AR22023120

    $588,000

    Price

  • Listing provided courtesy of CRMLS

    Located in designated spa zone six unit property. Convenient location and fully rented. Excellent investment opportunity with pool and spa for tenants to enjoy. Each unit has own electric meter and ranges/stoves are electric. New roof, new pool filter, and new pool pump. Updated cabinets, and tile flooring throughout. HVAC unit in each unit. Each unit has one designated parking space and property has locked main entry door. Property sold "as is". Please do not disturb tenants.

  • August, 2021

  • Aug 28, 2021

    Date

    Withdrawn

    CRMLS: EV21138023

    $499,000

    Price

  • Aug 8, 2021

    Date

    Hold

    CRMLS: EV21138023

    $499,000

    Price

  • Jul 23, 2021

    Date

    Active Under Contract

    CRMLS: EV21138023

    $499,000

    Price

  • Jun 25, 2021

    Date

    Active

    CRMLS: EV21138023

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    YOUR SUMMER INVESTMENT IS HERE, 6 UNITS FULLY OCCUPIED & SOLID PAYING TENANTS. NEW ROOF INSTALLED A FEW MONTHS AGO. THIS GREAT MULTI-FAMILY OFFERS A GATED POOL/SPA WHICH IS A MUST IN DESERT HOT SPRINGS. ALL UNITS ARE IN GREAT SHAPE, GREAT COMMUNITY FOR TENANTS AS ITS CENTRALLY LOCATED NEAR RESORTS, GROCERIES STORES, FREEWAYS 15 MINUTES AWAY FROM MORONGO CASINO, 15 MINUTES AWAY FROM DOWNTOWN PALMP SPRINGS. THIS IS A MUST ADDED PROPERTY TO A CASH FLOWING REAL ESTATE PORTFOLIO. COME AND SEE WHAT THIS INVESTMENT HAS TO OFFER. GREAT CASH FLOW EVERY MONTH.

  • August, 2021

  • Aug 28, 2021

    Date

    Withdrawn

    CRMLS: EV21137915

    $499,000

    Price

  • Aug 8, 2021

    Date

    Hold

    CRMLS: EV21137915

    $499,000

    Price

  • Jul 23, 2021

    Date

    Active Under Contract

    CRMLS: EV21137915

    $499,000

    Price

  • Jun 25, 2021

    Date

    Active

    CRMLS: EV21137915

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    YOUR SUMMER INVESTMENT IS HERE, 6 UNITS FULLY OCCUPIED & SOLID PAYING TENANTS. NEW ROOF INSTALLED A FEW MONTHS AGO. THIS GREAT MULTI-FAMILY OFFERS A GATED POOL/SPA WHICH IS A MUST IN DESERT HOT SPRINGS. ALL UNITS ARE IN GREAT SHAPE, GREAT COMMUNITY FOR TENANTS AS ITS CENTRALLY LOCATED NEAR RESORTS, GROCERIES STORES, FREEWAYS 15 MINUTES AWAY FROM MORONGO CASINO, 15 MINUTES AWAY FROM DOWNTOWN PALMP SPRINGS. THIS IS A MUST ADDED PROPERTY TO A CASH FLOWING REAL ESTATE PORTFOLIO. COME AND SEE WHAT THIS INVESTMENT HAS TO OFFER. GREAT CASH FLOW EVERY MONTH.

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: 219056666PS

    $450,000

    Price

  • Mar 16, 2021

    Date

    Withdrawn

    CRMLS: 219056666PS

    $450,000

    Price

  • Feb 24, 2021

    Date

    Pending

    CRMLS: 219056666PS

    $450,000

    Price

  • Feb 2, 2021

    Date

    Active

    CRMLS: 219056666PS

    $450,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTORS!! This 6 unit apartment building is a great investment opportunity as it will generate positive cash flow. Fully rented the units can generate approximately $4,000 in monthly rental income. There is a pool and spa for the tenants to enjoy in the summertime. The units have updated cabinets and flooring with AC units in all units. There are 6 assigned parking spaces, one for each unit.

  • May, 2019

  • May 9, 2019

    Date

    Sold

    CRMLS: DW19017749

    $382,000

    Price

  • Apr 15, 2019

    Date

    Active Under Contract

    CRMLS: DW19017749

    $400,000

    Price

  • Feb 26, 2019

    Date

    Price Change

    CRMLS: DW19017749

    $400,000

    Price

  • Jan 24, 2019

    Date

    Active

    CRMLS: DW19017749

    $425,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTORS WANTED!! This 6 unit apartment building will be a great asset to add to your real estate portfolio, since it will generate positive cash flow. Fully rented the units are generation approx $3800 in monthly rental income. There is a pool and spa for the tenants to enjoy in the summertime. The units have updated cabinets and flooring, as well as some update windows. There are AC units in all units, in addition to 1 parking spot for each unit. Five of the units are individually metered for electricity, this tenants pay their own electricity.

  • May, 2019

  • May 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $382,000

    Price

  • September, 2015

  • Sep 16, 2015

    Date

    Sold (Public Records)

    Public Records

    $299,000

    Price

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Tax History for 66620 5th St

Assessed Value (2020): $389,640
Year Land Value Improved Value Assessed Value
2020 $91,800 $297,840 $389,640

Home Value Compared to the Market

This property vs the competition

66620 5th St is listed 82.35% higher than the median list price for the city of Desert Hot Springs which has a median list price of $425,000. The median price per/sqft for Desert Hot Springs is $264 and this home is listed at $322.92 per/sqft which puts the price per square foot 22.32% higher than the median price per square foot for the city of Desert Hot Springs.

About 66620 5th St

Detailed summary of property

66620 5th St is a mixed use located in Desert Hot Springs, CA 92240 and is currently in escrow to be sold. This mixed use property offers 7 bedrooms, 6 bathrooms, roughly 2,400 living square feet, and sits on an approximately 7,841 square foot lot. 66620 5th St was first listed on ArdentRealEstateGroup.com on July 22, 2024. The homeowner is currently asking $775,000. The median priced home in Desert Hot Springs is $425,000 with a median price per square foot of $264. Based on Ardent Real Estate Group's Desert Hot Springs Market Data, this home is listed 82.35% higher than the median priced home. Local competing homes currently for sale include 420 S San Pedro St #104, 849 S Broadway #407 and 300 E 59th Pl. While the average home in Desert Hot Springs, CA is selling in 122 days, 66620 5th St has a days on market of 46 days. There are currently 243 homes for sale in the Desert Hot Springs real estate market and 234 of them are single family homes while 9 of them are condos and 0 are townhomes. For more information on this home for sale at 66620 5th St Desert Hot Springs, CA 92240 contact Ardent Real Estate Group and we will put you in touch with one of our Desert Hot Springs agents.

Public Facts for 66620 5th St

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
--
Lot Size
7,840
Stories
1
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Riverside
Lot#
20
APN
639-271-020

The source for these homes facts are from public records.

92240 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$419,000
Median List Price/Sq.Ft.
$263
Median Sold Price
$385,000
Median Sold Price/Sq.Ft.
$253
Total Inventory
226
Median Sale to List Price %
98.97%
Avg Days on Market
40
Loan Type
Conventional (31.25%), FHA (15.63%), VA (12.5%), Cash (21.88%), Other (12.5%)

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Related Resources to 66620 5th St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.