66229 4th Street, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 5 bed, 3 bath

66229 4th Street, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$498,000
66229 4th Street, Desert Hot Springs, California 92240
5Beds
3Baths
1,715Sqft
6,534Lot
Year Built
1970
Close
-
List price
$498K
Original List price
$499K
Price/Sqft
$290
HOA
-
Days on market
-
Sold On
-
MLS number
IG25115006
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 3 Cons,5 Pros.

WOW!!! The front home is a 3 bed/2 bath with an attached (about to be permitted) 2 bed/ 1bad unit in back. The front home is currently occupied by a paying tenant who is interested in renting the back unit as well. The back unit is in the final stages of getting permitted by the city. This is a ABSOLUTE CASH COW!!! Please DO NOT Disturb tenants. Come see this awesome property today!!

Price History

Date
Event
Price
09/23/25
Price Change
$498,000
05/22/25
Listing
$499,000
Condition Rating
Poor

Built in 1970, this property is 54 years old. The kitchen features significantly outdated white cabinets, laminate countertops, an older white gas range, and a dated tile backsplash. Bathrooms are also very old, with basic vanities, fixtures, and tile surrounds that appear to be from the 70s or 80s. The property lacks central heating/cooling, with a wall-mounted gas heater visible. While the property appears to be maintained and freshly painted, its major components and finishes are severely outdated and would require substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons

Pros

Strong Income Potential: Configured as a duplex (3 bed/2 bath front, 2 bed/1 bath rear), offering significant rental income opportunities for investors.
Existing Rental Income: The front unit is currently tenant-occupied, providing immediate cash flow upon acquisition.
High Occupancy Potential: The current tenant has expressed interest in renting the second unit, streamlining the leasing process for the entire property.
Value-Add Opportunity (Permitting): The attached second unit is in the final stages of city permitting, which, once completed, will significantly enhance the property's legal rental capacity and market value.
Investor-Ready Asset: Explicitly marketed as an 'absolute cash cow,' appealing directly to investors seeking high-yield properties.

Cons

Unpermitted Status of Second Unit: The rear unit is not yet fully permitted, introducing a degree of risk and potential delays before it can be legally rented out.
Property Age: Built in 1970, the property is over 50 years old, which may necessitate future capital expenditures for system upgrades or renovations.
Limited Access for Showings: The instruction 'DO NOT Disturb tenants' suggests restricted access, potentially hindering thorough buyer inspections and marketing efforts.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state