$575,999
$19K PRICE DROP

13855 Verbena Dr Desert Hot Springs, CA 92240

Estimated payment $3,587/month

Total Views 3,096
5 Beds
4 Baths
2,012 Sq Ft
$286 Price per Sq Ft

Highlights

  • 4 Car Attached Garage
  • Central Heating and Cooling System
  • 1-Story Property
  • Shed
  • Ceiling Fan

About This Home

Wow! Cap rate of 7.3%, $4350 per month current total rent. Garage work has started to be converted into another unit (1bed), potentially bringing additional rent $$! An outstanding opportunity to acquire a set of units already rented at almost top rent value but still with room for increase. Both units have been updated and cleaned up. Unit A boast 3 bed, 2 baths and unit B is 2 bed, 2 bath with a separate entrance in the back. Inside, you'll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful wood doors & the bathrooms are in good shape. Extra space on the roof via spiral staircase for the beautiful view of the valley and mountains. Whether you're looking to diversify your investment portfolio or execute a 1031 exchange, this location is ideal for investors seeking prime real estate opportunities with a potential of 10% cap rate. Each unit has it's own meters. Make a buck while doing nothing. Good part of DHS! Property is gated. Price negotiable.

Listing Agent

Anna Sadowska

Crissanna Luxury Real Estate License #01701469 Listed on: 04/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,215

Year Built

  • Built in 1984

Interior Spaces

  • 2,012 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Additional Features

  • Shed
  • 7,841 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 641-321-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,215

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Cap rate of 7.3%, $4350 per month current total rent. Garage work has started to be converted into another unit (1bed), potentially bringing additional rent $$! An outstanding opportunity to acquire a set of units already rented at almost top rent value but still with room for increase. Both units have been updated and cleaned up. Unit A boast 3 bed, 2 baths and unit B is 2 bed, 2 bath with a separate entrance in the back. Inside, you'll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful wood doors & the bathrooms are in good shape. Whether you're looking to diversify your investment portfolio or a 1031 exchange, this location is ideal for investors seeking prime real estate opportunities with a potential of 10% cap rate. Each unit has it's own meters. Make a buck while doing nothing. Price negotiable
  • Builders Tract Code: Not in a Development
  • Living Area: 2012
  • Lot Acreage: 0.1800
  • Stories: 1
  • Year Built: 1984
  • Builders Tract Name: Not in a Development
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 286.28

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Garage - 2 Car, Driveway - Concrete, Garage Is Attached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 77.22
  • Assessed Improvement Value: 326568
  • Assessed Land Percent: 22.78
  • Assessed Land Value: 96353
  • Total Assessed Value: 422921
  • Assessor Parcel Number: 641-321-018
  • Lot Size Area: 7841

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.39
  • Number Of Units: 2
  • Total Annual Expense: 8755
  • Type Of Units: Attached
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,215 $431,379 $98,280 $333,099
2023 $6,215 $414,629 $94,464 $320,165
2022 $4,492 $265,624 $44,271 $221,353
2021 $3,842 $215,954 $35,992 $179,962
2020 $3,448 $192,816 $32,136 $160,680
2019 $3,374 $187,200 $31,200 $156,000
2018 $3,239 $180,000 $30,000 $150,000
2017 $3,126 $175,000 $30,000 $145,000
2016 $2,839 $160,000 $30,000 $130,000
2015 $2,144 $160,000 $30,000 $130,000
2014 $1,704 $123,000 $15,000 $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $575,999 -3.2% $286 / Sq Ft
04/23/2025 04/23/25 For Sale $595,000 +46.9% $296 / Sq Ft
06/15/2022 06/15/22 Sold $405,000 0.0% $136 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $405,000 -- $136 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $301,500 Southland Title Corporation
Grant Deed $77,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,750 Commercial
Open $241,200 Purchase Money Mortgage
Previous Owner $104,595 FHA
Previous Owner $74,884 FHA
Source: Public Records

Source: The MLS

MLS Number: 25530577

The MLS

APN: 641-321-018