Property Details
About this Property
This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs! Please see directly below! At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!! At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return. Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses. Finally, we have two other tri
MLS Listing Information
MLS #
CRSW25235051
MLS Source
California Regional MLS
Days on Site
26
Interior Features
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
66590 Joseph Way is a Triplex in Desert Hot Springs, CA 92240. This – square foot property sits on a 7,405 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $650,000 and was built in 1986. This address can also be written as 66590 Joseph Way, Desert Hot Springs, CA 92240.
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This listing information is up-to-date as of October 17, 2025. For the most current information, please contact Tony Burton
