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10970 SANTA CRUZ RD Desert Hot Springs, CA 92240
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Key Details
Sold Price $240,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19521680
Sold Date 03/26/20
HOA Y/N No
Year Built 1959
Property Description
This lovely Duplex is situated in the middle of a peaceful neighborhood only a couple minutes away from the Hot Springs of the Desert Hot Springs area. Conveniently close to Morongo Casino and Desert Hills Premium Outlets! Police Station, Fire Station, and the City Library are mere minutes away as well. This is a perfect location to live in one unit while renting out the other unit to pay for mortgage. The second unit is already occupied at market rate so there's no need to look for a tenant. This can also potentially be a perfect property for investment as well. Rent out both units to pay for your mortgage while generating passive income every month. Another option is to Air BNB the first unit and generate even more income! This property is in great condition! GRM is at 12.10 and Cap Rate is 5.6%.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Zoning R1C
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 2
Building
Story 1
Additional Building Shed(s)
Others
Senior Community No
Tax ID 639072013
Special Listing Condition Standard
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Bought with Daniel Han • Landpac Properties