66124 Acoma Ave Desert Hot Springs, CA 92240
Estimated payment $4,040/month
Total Views
3,084
5
Beds
3
Baths
2,096
Sq Ft
$310
Price per Sq Ft
About This Home
Cap rate of almost 10% ($6k per month rent), based on pro-forma. An outstanding opportunity to acquire a set of three legal units! Two of three are rented ($4k) and one delivered vacant worth another $2k. All units have been upgraded and are move in ready. Unit 1&2 boast 2 bed, 2 baths and the third unit is 2 bed, 1 bath in a separate building in the back. Live in one and rent the others or rent them all and make a big buck! Inside, you'll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful barn doors, the bathrooms are in great shape. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,084
Year Built
- Built in 1974
Interior Spaces
- 2,096 Sq Ft Home
- 1-Story Property
- Gas And Electric Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Driveway
Additional Features
- 6,534 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 641-021-035
Map
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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 |
|---|---|---|---|---|
| 2023 | $7,084 | $241,242 | $80,413 | $160,829 |
| 2022 | $4,617 | $236,513 | $78,837 | $157,676 |
| 2021 | $4,546 | $231,877 | $77,292 | $154,585 |
| 2020 | $5,257 | $229,500 | $76,500 | $153,000 |
| 2019 | $4,337 | $225,000 | $75,000 | $150,000 |
| 2018 | $2,399 | $74,907 | $7,490 | $67,417 |
| 2017 | $2,293 | $73,440 | $7,344 | $66,096 |
| 2016 | $2,148 | $72,000 | $7,200 | $64,800 |
| 2015 | $6,944 | $73,000 | $15,000 | $58,000 |
| 2014 | $2,684 | $92,000 | $15,000 | $77,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2025 01/21/25 | For Sale | $650,000 | +188.9% | $310 / Sq Ft |
| 12/17/2018 12/17/18 | Sold | $225,000 | -6.2% | $107 / Sq Ft |
| 12/03/2018 12/03/18 | Pending | -- | -- | -- |
| 08/14/2018 08/14/18 | For Sale | $239,999 | +233.3% | $115 / Sq Ft |
| 10/22/2015 10/22/15 | Sold | $72,000 | -10.0% | $35 / Sq Ft |
| 08/17/2015 08/17/15 | Pending | -- | -- | -- |
| 06/21/2015 06/21/15 | For Sale | $80,000 | -- | $39 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $225,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Grant Deed | $72,000 | Ticor Title Company | |
| Grant Deed | -- | None Available | |
| Trustee Deed | $168,334 | Lsi Title | |
| Interfamily Deed Transfer | -- | Southland Title Corporation | |
| Grant Deed | $205,000 | Southland Title Corporation | |
| Grant Deed | -- | Southland Title Corporation | |
| Grant Deed | $35,000 | First American Title Co | |
| Grant Deed | $19,000 | Investors Title Company | |
| Trustee Deed | $42,500 | American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $176,000 | New Conventional | |
| Closed | $168,750 | New Conventional | |
| Previous Owner | $72,000 | Commercial | |
| Previous Owner | $93,000 | Credit Line Revolving | |
| Previous Owner | $153,750 | Commercial | |
| Previous Owner | $31,453 | Commercial | |
| Previous Owner | $25,000 | Commercial |
Source: Public Records
Similar Homes in Desert Hot Springs, CA
Source: The MLS
MLS Number: 25-487095
APN: 641-021-035
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