66800 1st Street, Desert Hot Springs, CA 92240
Property
Sold March 2023
Listing Agent: Doug Fischer (DRE #01299270) · Listing Office: Coldwell Banker Realty · Contact: (760) 776-9898 · Bought with: Subscriber Non · Non-Participant Office · MLS #219088741DA · Source: CRMLS
About this property
Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.
Listing description from the March 2023 sale, as reported to CRMLS.
Sale history