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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$935,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219143150DA

HOA Y/N No

Year Built 2024

Lot Size 0.340 Acres

Property Description

Rare investment opportunity in Desert Hot Springs trading at an 8.61 GRM with a clear path to a 9.44% stabilized cap. This 2024 built 7 unit property features a versatile mix for rental income: 1 fully detached 2BD/1BA, 1 attached 2BD/1BA, 1 1BD/1BA, and 4 studios. All units sit behind a private gate, providing privacy and security for tenants. Current gross rents of $9,191/mo ($110,292/yr) are in place and documented, with six of seven units occupied.The operational story is what separates this deal. Seven individual electric meters, designed in at construction, mean tenants absorb the single largest line item in the Coachella Valley, the summer cooling bill. Combined with the lower maintenance profile of new construction, this drives owner operating expenses to just 27% of gross income.Conveniently located near local amenities, shopping, and easy freeway access, the asset is ideal for the investor seeking a turnkey rental portfolio or the owner occupant looking to offset a mortgage with six streams of rental income. No deferred maintenance, no CapEx event, no refresh cycle. Just rent mark to market as leases turn. Full pro forma, T12 expenses, and rent roll available

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplace No

Exterior

Parking Features Driveway

View Y/N No

Private Pool No

Building

Story 2

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 639322016

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

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Listed by Peyson Robertson eXp Realty Of Southern California Inc #02115525

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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11771 Upland WAY Desert Hot Springs, CA 92240

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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