NOT LISTED FOR SALE

66365 7th St Desert Hot Springs, CA 92240

12 Beds
12 Baths
5,400 Sq Ft
0.45 Acres

Last Sold April 12, 2019

Last sale price $728,000 $135 Per Sq Ft

17 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Enclosed Patio or Porch
  • 19,481 Sq Ft lot
  • Adobe Architecture
  • 5-minute walk to Wardman Park

About This Home

As of April 2019

Tremendous opportunity! Looking for a resort property with lots of upside potential? Then no need to look further than this historic inn & Spa, with 4 1bedroom/1bath, 6 single-units, 1 cottage & a 2 bedroom owner's Unit, just waiting for a creative investor to make their entrepreneurial dreams come true.., Recently been renovated and adapted to multifamily. All units have kitchens and made livable by the current owner. A new owner may maintain the building as a motel. Operating as apartments, could achieve over a 10% cash-on-cash Annual return with very conservative realistic underwriting. City may prefer to operate it as motel which shall generate higher revenue. Showing by accepted offer. Property is sold "As Is". Owner makes no warranty of any kinds. Some units needs TLC. All units has its own kitchen, patio. A beautiful pool room, Breeze room, extra bath/kitchen, Giant yard, cottage are bonus of this resort. Please don't go inside property.

Last Agent to Sell the Property

kathy Golshani

Pacific Paradise Realty License #01273636 Listed on: 09/09/2018

Last Buyer's Agent

kathy Golshani

Pacific Paradise Realty License #01273636 Listed on: 09/09/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.45

Home Design

  • Adobe Architecture
  • Fixer Upper

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 12 Parking Spaces
  • Carport

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • 0.45 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 639-202-050

Community Details

Overview

  • 2 Buildings
  • 11 Units

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Adobe
  • Street Number Display: Yes
  • Advertising Remarks: The building has 4 electric meter.
  • Living Area: 5400
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 10
  • Number Refrigerator: 11
  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 12.00
  • Den: 0
  • Equipment: Refrigerator
  • Price Per S Q F T: 129.44

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 8
  • Patio: Enclosed
  • Pool Description: Community, Fenced
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 12

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Water: Meter on Property

Lot Info

  • Assessed Improvement Value: 422480
  • Assessed Land Value: 158100
  • Assessor Parcel Number: 639-202-050
  • Geocode Override: No
  • Lot Size Area: 19481

Rental Info

  • Number Leased: 8
  • Rent Control: No
  • Tenant Pays: Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 7.00
  • Number Of Units: 11
  • Total Annual Expense: 24430
  • Type Of Units: attached
  • Vacancy Rate: 30

Tax Info

  • Private Transfer Taxes: No

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $728,000 +4.1% $135 / Sq Ft
11/03/2018 11/03/18 Price Changed $699,000 +16.7% $129 / Sq Ft
09/09/2018 09/09/18 For Sale $599,000 -- $111 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • k

    Seller's Agent in 2019

    kathy Golshani

    Pacific Paradise Realty

    (310) 913-8098

    4 Total Sales

    kathy Golshani
    Section Image
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Map

Source: The MLS

MLS Number: 18-380246

The MLS

APN: 639-202-050

California Riverside County Desert Hot Springs 92240

66365 7th St, Desert Hot Springs, CA

This home is located at 66365 7th St, Desert Hot Springs, CA 92240 since 09 September 2018. This property was built in 1965. 66365 7th St is a home located in Riverside County with nearby schools including Painted Hills Middle School and Desert Hot Springs High School.

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