66434 Estrella Avenue, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 4 bed, 3 bath
ACTIVE$475,000
66434 Estrella Avenue, Desert Hot Springs, California 92240
4Beds
3Baths
1,450Sqft
6,534Lot
Year Built
1946
Close
-
List price
$475K
Original List price
$495K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
219125766DA
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $475.0K(76th), sqft - 1450(32th), beds - 4(68th), baths - 3(71th).
2 Bedroom, 1 Bath house in the front (600 S.F.) sellers getting $1500 rent, and a 2 Bedroom, 2 Bath ADU in the back (850 S.F.), getting $2,000 rent per month.
Condition Rating
Good
This property consists of two units: a main house (built 1946) and a newer ADU. While the main house shows signs of age with dated tile flooring and window AC units, the ADU appears to have undergone a significant and recent renovation. The ADU's bathroom (Image 2) features modern white cabinetry, contemporary fixtures, and marble-look tile, indicating high-quality updates. The ADU's bedroom (Image 3) also shows modern tile and a clean aesthetic. The property is currently generating substantial rental income from both units, confirming their move-in ready and functional status. The overall condition is elevated to 'Good' due to the extensive and modern updates in the ADU, which is a significant portion of the property, making it move-in ready with no immediate major renovations required, despite the older elements in the main house.
Pros & Cons
Pros
Strong Rental Income: The property generates a substantial combined rental income of $3,500 per month from both units, offering immediate and attractive cash flow for investors.
Income-Generating ADU: The presence of a separate 2-bedroom, 2-bath Accessory Dwelling Unit (ADU) significantly enhances the property's value, rental potential, and flexibility for multi-generational living or additional income streams.
Dual Unit Property: With two distinct living units, the property offers versatile options for investors seeking multiple rental streams or owner-occupants looking to offset mortgage costs.
Established Tenancy: Both units are currently rented, providing proven income and reducing the risk of vacancy for a new owner.
Total Capacity: The combined property offers 4 bedrooms and 3 bathrooms, providing ample living space across the two units.
Cons
Significant Valuation Discrepancy: The current listing price of $475,000 is 28% higher than the estimated property value, suggesting potential overpricing or a challenging valuation relative to market comparables.
Age of Main Structure: The main house was built in 1946, indicating potential for deferred maintenance, outdated systems, or a need for significant renovations to meet modern standards and buyer expectations.
Small Main House Footprint: The front house is only 600 sq ft, which is quite small for a 2-bedroom unit, potentially limiting its market appeal or rental premium compared to larger properties.