66553 Estrella Ave, Desert Hot Springs, CA 92240

Property Description

Prime Desert Hot Springs Investment Duplex - Rent increases can be made now!Maximize your portfolio with this centrally located income-generating duplex in the heart of Desert Hot Springs. Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment. Condition: Both tenants are long time occupants, and both units require some repairs and will require significant cosmetic improvements upon turnover. Property Configurations: Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard. Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard.Strong Financials & Immediate Upside: Stable Cash Flow: Total current gross income of $1,862/month. Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. Currently on a month-to-month lease. Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates. Utilities & Parking Logistics: Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B. Abundant Parking: Includes a 1-car attached garage and 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that