LKV Realty
Logo
$589,000
$2,900Reward *
10485 Santa Cruz Road, Desert Hot Springs, CA 92240Listing ID 219148018DA

10485 Santa Cruz Road, Desert Hot Springs, CA 92240

Active
Desert View Estates
Time on site: 91 daysLast updated: May 19, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Acres
Acres
0.25
Days on Site
Days on Site
90
Cooling
Cooling
Wall/Window Unit(s)
Heating
Heating
Electric
Year Built
Year Built
1965
Parking
Parking
Driveway

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.

Property Information

Property Details

Location

Address
10485 Santa Cruz Road
County
Riverside
City
Desert Hot Springs
Zip Code
92240
Subdivision
Desert View Estates
MLS Area
340 - Desert Hot Springs

Interior Features

Heating and Cooling

Cooling
Wall/Window Unit(s)
Heating
Electric

Building

Building Information

Year Built
1965
Foundation
Slab
Condition
Repairs Major

Financial

Special Conditions
Standard
Maria CorbisieroCompass, (619) 317-1875

Market Report for 92240

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CDAR-d84981