66365 5th St Desert Hot Springs, CA 92240
Estimated payment $4,474/month
Total Views
1,158
5
Beds
5
Baths
1,430
Sq Ft
$517
Price per Sq Ft
Highlights
- No HOA
- Central Air
- 1-Story Property
- Laundry Room
- No Heating
About This Home
Rarely available quadplex delivered completely vacant, making this a true investor special with massive upside. Located at 66365 5th St in Desert Hot Springs, this four-unit property offers a unique opportunity in a growing rental market with high demand. Each unit has its own entrance and layout, ideal for long-term rentals, short-term vacation use, or multi-family living. The entire property is ready for renovation, lease-up, or a full reposition. Whether you’re looking to house hack, cash flow, or flip, this is the type of opportunity that doesn’t hit the market often. Perfect for a 1031 exchange, BRRRR strategy, or adding to your portfolio in one of Southern California’s most promising areas. Minutes from Palm Springs and close to local shops, spas, and major highways. Act quickly—quadplexes like this rarely come fully vacant and ready for your vision.
Last Listed By
Elite REO Brokers Brokerage Phone: 909-210-5999 License #02012164 Listed on: 05/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,562
Year Built
- Built in 1948
Lot Details
- 0.3 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
Interior Spaces
- 1,430 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
Laundry
- Laundry Room
- Washer Hookup
Utilities
- Central Air
- No Heating
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Legal Lot and Block 40 / P
- Tax Tract Number 2
- Assessor Parcel Number 639212011
- $1,950 per year additional tax assessments
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 | $6,562 | $371,836 | $49,213 | $322,623 |
| 2022 | $6,643 | $364,547 | $48,249 | $316,298 |
| 2021 | $6,539 | $357,400 | $47,303 | $310,097 |
| 2020 | $6,320 | $353,736 | $46,818 | $306,918 |
| 2019 | $6,229 | $346,800 | $45,900 | $300,900 |
| 2018 | $6,057 | $340,000 | $45,000 | $295,000 |
| 2017 | $5,533 | $306,000 | $51,000 | $255,000 |
| 2016 | $4,317 | $223,355 | $40,610 | $182,745 |
| 2015 | $2,918 | $220,000 | $40,000 | $180,000 |
| 2014 | $2,018 | $145,863 | $35,004 | $110,859 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | Price Changed | $740,000 | -1.3% | $517 / Sq Ft |
| 05/01/2025 05/01/25 | For Sale | $750,000 | +120.6% | $524 / Sq Ft |
| 07/25/2017 07/25/17 | Sold | $340,000 | -12.6% | -- |
| 06/08/2017 06/08/17 | Pending | -- | -- | -- |
| 04/09/2017 04/09/17 | For Sale | $389,000 | +29.7% | -- |
| 03/30/2016 03/30/16 | Sold | $300,000 | -5.9% | -- |
| 02/29/2016 02/29/16 | Pending | -- | -- | -- |
| 02/19/2016 02/19/16 | For Sale | $318,888 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $340,000 | Orange Coast Title Company | |
| Grant Deed | $300,000 | Title 365 | |
| Grant Deed | $220,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Southland Title | |
| Grant Deed | $140,000 | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,498 | FHA | |
| Closed | $333,841 | FHA | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $95,200 | Commercial | |
| Previous Owner | $39,000 | Commercial |
Source: Public Records
Similar Homes in Desert Hot Springs, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25096259
APN: 639-212-011
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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