11583 Cactus Dr Desert Hot Springs, CA 92240
Estimated payment $3,520/month
Highlights
- Mountain View
- Private Yard
- Living Room
- Corner Lot
- Balcony
- Central Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,484
Year Built
- Built in 1956
Lot Details
- 9,583 Sq Ft Lot
- East Facing Home
- Corner Lot
- Private Yard
Interior Spaces
- 2,574 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Area
- Mountain Views
- Gas Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Garage
- Driveway
- On-Street Parking
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- The owner pays for electricity, water, trash collection, gas, gardener
- Assessor Parcel Number 639221049
Community Details
Overview
- 3 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $2,500
- Trash Expense $2,064
- Net Operating Income $37,077
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,484 | $384,948 | $104,040 | $280,908 |
| 2023 | $5,484 | $107,118 | $26,775 | $80,343 |
| 2022 | $2,243 | $105,018 | $26,250 | $78,768 |
| 2021 | $2,209 | $102,960 | $25,736 | $77,224 |
| 2020 | $2,143 | $101,906 | $25,473 | $76,433 |
| 2019 | $2,111 | $99,909 | $24,974 | $74,935 |
| 2018 | $2,051 | $97,951 | $24,485 | $73,466 |
| 2017 | $1,984 | $96,031 | $24,005 | $72,026 |
| 2016 | $1,887 | $94,149 | $23,535 | $70,614 |
| 2015 | $1,329 | $92,737 | $23,183 | $69,554 |
| 2014 | $1,311 | $90,923 | $22,730 | $68,193 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $574,850 | -- | $223 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $370,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Orange Coast Title Co | |
| Grant Deed | $87,000 | Orange Coast Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $199,500 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $277,500 | New Conventional | |
| Previous Owner | $88,900 | Commercial | |
| Previous Owner | $65,250 | Commercial | |
| Previous Owner | $210,000 | Negative Amortization | |
| Previous Owner | $149,600 | Commercial | |
| Previous Owner | $101,700 | Commercial |
Source: California Desert Association of REALTORS®
MLS Number: 219132798
APN: 639-221-049
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