$574,850

11583 Cactus Drive, Desert Hot Springs, CA 92240

Multi-Family Home
Built in 1956
9,583sqft lot
4 car garage
$——/sqft
Listed 6 months ago

Property Description

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.

Listing Status:: Active
Date Added:: July 16, 2025 at 05:00AM
Listing Office:: Wilson-Meade Commercial Real Estate : (760) 837-1880
Listing Agent:: Kate Rust : (760) 409-1532
MLS ID:: 219132798DA

Appliances: Gas RangeWater Heater
Flooring: CarpetLaminate
A/C: Central Air
Heating: Central

Parking: DrivewayOn StreetParking spaces: 6

General: 2

HOA Amenities: 0.0
Originating MLS: CRMLS
County: Riverside

Zoning: 639221049
View: Mountain(s)View

Source: CRMLS

This listing courtesy of Kate Rust, Wilson-Meade Commercial Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Cabot Yerxa Elementary School

67067 Desert View Ave, Desert Hot Springs, CA, 92240

Grades KG-5

0.97 miles away

Painted Hills Middle School

9250 Sonora Dr, Desert Hot Springs, CA, 92240

Grades 6-8

1.35 miles away

Desert Hot Springs High School

65850 Pierson Blvd, Desert Hot Springs, CA, 92240

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.