66012 5th Street, Desert Hot Springs, CA 92240
- $539,000
- 5
- BD
- 4
- BA
- 2,384
- SqFt
- Sold Price
- $539,000
- List Price
- $539,900
- Closing Date
- Jun 24, 2026
- Status
- CLOSED
- MLS#
- SW26093702
- Year Built
- 1954
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,384
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- Corner Lot
- Days on Market
- 4
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Other
Property Description
Versatile 3 Unit Property in Desert Hot Springs – Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. — putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done — the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley — putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategy…House-hack it; Hold it; Scale from it! The flexibility here is real.
Additional Information
- Pool Description
- None
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palm Springs Unified
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Theresa DiCiolla (theresadiciolla@gmail.com) from Listing Office: Allison James Estates & Homes.
Listing sold by Jonathan Johnson from Coldwell Banker Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.