USACADesert Hot SpringsNot Applicable-110485 Santa Cruz Rd
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New
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$589,000

For Sale

7 days ago

10485 Santa Cruz Rd, Desert Hot Springs, CA

House

MLS® 219148018DA

0 Bed

0 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 6
Lot Size 
Approx. Age 1965
MLS® Number 219148018DA

Property Address: 10485 Santa Cruz Rd, Desert Hot Springs, CA, 92240

Average square foot calculated using Size range provided by listing agent.

Description

4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong verified rental income. This stabilized, low-maintenance asset is an ideal addition to any investment portfolio. The property features three studio units and one 1-bedroom/1-bathroom unit, all updated in a full 2023 renovation including kitchens, bathrooms, windows, etc. Tenants enjoy an attached on-site laundry room, a premium amenity that keeps vacancy low and tenants happy. Pest control service is already in place.**Why this property stands out:**Strong fundamentals with a 9.08% cap rate and GRM of 8.59 - well below the Coachella Valley market average of 10-12x. The debt coverage ratio sits at a healthy 1.60, making this an easy financing story for buyers. Unit #4 is currently $150 below market rent, representing approximately $1, 800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.
MLS® Number219148018DA
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1965
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 18, 2026List Date
$589,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$595,000List Price
  • Commute

Commute

Starting Address
Destination Address
10485 Santa Cruz Rd, Desert Hot Springs, CA

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