13855 Verbena Dr Desert Hot Springs, CA 92240
Estimated payment $3,587/month
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.
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
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 | $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 |
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 |
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 |
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: The MLS
MLS Number: 25530577

APN: 641-321-018
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