RealKey
‪(213) 433-7766‬

68040 Club Circle, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - bed, bath

68040 Club Circle, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$530,000
68040 Club Circle, Desert Hot Springs, California 92240
0Bed
0Bath
1,950Sqft
8,276Lot
Year Built
1967
Close
-
List price
$530K
Original List price
$550K
Price/Sqft
$272
HOA
-
Days on market
-
Sold On
-
MLS number
IV25255522
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

We found 4 Cons,5 Pros.

Le Investment Group is pleased to present a three-property multifamily portfolio totaling nine (9) units in Desert Hot Springs, CA. The portfolio includes 12700 Parma Drive, 68040 Club Circle Drive, and 66671 3rd Street, all situated within well-maintained neighborhoods, two of which lie in the city’s desirable Spa Zone. Each property is priced at $530,000 and features a consistent mix of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, offering functional layouts, carport parking, and strong in-place income. Current cap rates are 6.25% (Parma), 7.48% (Club Circle), and 9.01% (3rd Street). These triplexes are offered individually or together, providing flexibility for investors seeking either residential financing advantages or portfolio-scale stability and cash flow. (PLEASE REACH OUT TO LE INVESTMENT GROUP FOR FURTHER INFORMATION ON EACH OF THE THREE TRIPLEXES)

Nearby schools

4/10
Julius Corsini Elementary School
Public,•K-5•1.7mi
4/10
Desert Springs Middle School
Public,•6-8•1.3mi
3/10
Desert Hot Springs High School
Public,•9-12•2.3mi
4/10
Desert Learning Academy
Public,•K-12•9.9mi

Price History

Date
Event
Price
11/19/25
Price Change
$530,000-3.6%
11/06/25
Listing
$550,000
07/25/25
Sold
$1,350,000
04/12/96
Sold
$48,000
Condition Rating
Poor
Built in 1967, this property is 57 years old. The MLS description explicitly notes that it 'may require significant updates to its systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations to meet modern tenant expectations.' The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are severely outdated and in need of substantial rehabilitation or full renovation. While the exterior appears maintained, the age and stated need for system and cosmetic updates indicate that major components are likely beyond their expected lifespan and require significant investment to bring them to modern standards.
Pros & Cons

Pros

Strong Cap Rate: This specific triplex at 68040 Club Circle offers an attractive 7.48% cap rate, indicating a solid return on investment potential.
Investment Portfolio Opportunity: Part of a three-property multifamily portfolio, offering flexibility for investors to purchase individually or scale their holdings.
Desirable Location: Located within Desert Hot Springs' 'Spa Zone,' a well-maintained neighborhood that could appeal to tenants and offer future appreciation.
Functional Unit Mix: Features a consistent and practical mix of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, catering to diverse tenant needs.
Tenant Amenity: Includes carport parking, a valuable amenity that enhances tenant satisfaction and property appeal.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-25. The sold price is $1,350,000.00.
Property Age: Built in 1967, the property may require significant updates to its systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations to meet modern tenant expectations and reduce future maintenance costs.
Limited Individual Property Detail: The description is largely focused on the overall portfolio, providing minimal specific information regarding the current condition, recent upgrades, or individual unit features of 68040 Club Circle, which could imply potential deferred maintenance.
Portfolio Sale Preference: While offered individually, the emphasis on a portfolio sale might suggest a seller preference, potentially influencing negotiation dynamics for a single property.

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