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66445 5th Street

Desert Hot Springs, CA 92240
  • $339,950
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 219150828
UPDATED: 70 min ago
$339,950
  • 4
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,288
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Information

High School:
School District:

Description

Maximize your rental yield with this turnkey, centrally located duplex in the heart of Desert Hot Springs. Featuring strong tenant history, individual meters, and good rental history. This asset is optimized for cash flow from day one.OVERSIZED HOMES: Note these units are extremely easy to rent due to their rare and huge 1144 sq foot living spaces. Financial Highlights: Gross Rental Income: Unit A (2 Bed / 1 Bath): Generates $1,495/month in market-rate rent from a reliable occupant. Deposit is $1495. Lease term began 4-10-26 and expires 3-31-27. Unit B (2 Bed / 1 Bath): Generates $1,330/month with predictable, with approx. 50% government-backed HAP assistance payments. Deposit is $1250. Lease term began 1/20/23. Last rent increase was effective 1-1-25 so unit is eligible for rent increase any time. Utility Expenses: Units are individually metered for electricity and gas so tenant pays for these expenses. Owner Expenses: Covered costs are water, sewer and trash services.Property Configurations & Amenities: Spacious Layouts: Mirrored floorplans boasting 1,144 square feet of optimized living space per unit. Climate Control: Energy-efficient central heating and AC paired with cooling ceramic tile and luxury vinyl bedroom flooring. Kitchens: Full appliance setups including a dishwasher, gas stove, and refrigerator with a built-in breakfast bar. In-Unit Laundry: Separate laundry inside each unit to maximize tenant retention and convenience. Exterior Features: Large, covered front patios for outdoor relaxation and off-street parking accommodating up to four vehicles. Possible small RV or boat parking too.Prime Central Location: Walker's Paradise: Located in central Desert Hot Springs with a two-minute walk to daily necessities like the Dollar General and dining at Las Palmas Mexican Restaurant.

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©2026 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Malbec Realty. Based on information from the California Desert Association of Realtors as of 2026-09-04T18:35:53.437. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.malbecrealty.com/homes/179403617
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66445 5th Street Desert Hot Springs, CA 92240

  • Price: $339,950
  • Status: Active
  • On Site: 36 Days
  • Updated: 70 min ago
  • MLS #: 219150828
4
Beds
2
Baths
0
½ Baths
0.16
Acres
2,288
SQFT
$149
$/SQFT
1980
Built
Neighborhood:
Agua Dulce
County:
Riverside
Area:
340 - Desert Hot Springs
High School:
Desert Hot Springs
School District:
Palm Springs Unified
Property Description
Maximize your rental yield with this turnkey, centrally located duplex in the heart of Desert Hot Springs. Featuring strong tenant history, individual meters, and good rental history. This asset is optimized for cash flow from day one.OVERSIZED HOMES: Note these units are extremely easy to rent due to their rare and huge 1144 sq foot living spaces. Financial Highlights: Gross Rental Income: Unit A (2 Bed / 1 Bath): Generates $1,495/month in market-rate rent from a reliable occupant. Deposit is $1495. Lease term began 4-10-26 and expires 3-31-27. Unit B (2 Bed / 1 Bath): Generates $1,330/month with predictable, with approx. 50% government-backed HAP assistance payments. Deposit is $1250. Lease term began 1/20/23. Last rent increase was effective 1-1-25 so unit is eligible for rent increase any time. Utility Expenses: Units are individually metered for electricity and gas so tenant pays for these expenses. Owner Expenses: Covered costs are water, sewer and trash services.Property Configurations & Amenities: Spacious Layouts: Mirrored floorplans boasting 1,144 square feet of optimized living space per unit. Climate Control: Energy-efficient central heating and AC paired with cooling ceramic tile and luxury vinyl bedroom flooring. Kitchens: Full appliance setups including a dishwasher, gas stove, and refrigerator with a built-in breakfast bar. In-Unit Laundry: Separate laundry inside each unit to maximize tenant retention and convenience. Exterior Features: Large, covered front patios for outdoor relaxation and off-street parking accommodating up to four vehicles. Possible small RV or boat parking too.Prime Central Location: Walker's Paradise: Located in central Desert Hot Springs with a two-minute walk to daily necessities like the Dollar General and dining at Las Palmas Mexican Restaurant.
Exterior Features

Building Style Hacienda Entry Floor Number 1 Entry Location Ground Level - No Steps Exterior Construction CombinationWoodStucco Gated Community No Levels Ground Parking Side By SideCoveredShared Driveway Patio Features Covered Paved Yes Property Orientation Faces Front Door Faces North Property Sub Type Duplex Total Carport Spaces 4.00 Total Covered Spaces 4.00 Total Parking Spaces 12.00 Total Uncovered Assigned Spaces 4.00 Unit Location End UnitGround Floor View No Window Treatments Vertical Blinds

Interior Features

Appliances DishwasherExhaust FanGas RangeRefrigeratorDisposal Bathroom Features Double Vanity(s)Shower & Tub Bedroom Features Main Floor Bedroom Cooling Type Air ConditioningGasCentral AirCeiling Fan(s) Fireplace No Flooring Ceramic TileVinyl Heating Forced Air Heating Fuel Natural Gas Rooms BarDining Area Total Fireplaces 1

Property Features

Ada Compliant No Elevator No Green Features No Land Type Fee Simple Laundry Yes Laundry Equipment Hook-Ups Laundry Location Laundry Area Listing Terms ConventionalVA LoanFHACash Lot Description Street Public Lot Location Near Public Transit Pool No Private Transfer Tax No Property Attached Detached Yes Rent Control No Sale Type Standard Security Safety None Senior Community No Sewer Unknown Spa Hot Tub No Tax Mello Roos Unknown Tenant Pays ElectricitySee RemarksGas Water Heater Yes

Listing information © 2026 California Desert Association of Realtors.
Listing provided courtesy of Christopher Townson of eXp Realty of California, Inc.: (888) 584-9427.
©2026 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Malbec Realty. Based on information from the California Desert Association of Realtors as of 2026-09-04T18:35:53.437. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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