10485 Santa Cruz, Desert Hot Springs CA 92240 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of Maria Corbisiero of Compass. Last updated 2026-05-26 08:11:28.000000. Listing information © 2026 Sandicor.

Asking Price: $589,000 | ​​​​​​​

10485 Santa Cruz, Desert Hot Springs CA 92240

Community: ​340 - Desert Hot Springs


This property was built in 1965 and is priced at $589,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 219148018DA
  • Type:
  • Year Built: 1965
4-UNITS: fully remodeled, income producing property. 100% occupied with long-term tenants and generating strong verified rental income. This stabilized, low-maintenance asset is an ideal addition to any investment portfolio. The property features three studio units and one 1-bedroom/1-bathroom unit, all updated in a full 2023 renovation including kitchens, bathrooms, windows, etc. Tenants enjoy an attached on-site laundry room, a premium amenity that keeps vacancy low and tenants happy. Pest control service is already in place.**Why this property stands out:**Strong fundamentals with a 9.08% cap rate and GRM of 8.59 - well below the Coachella Valley market average of 10-12x. The debt coverage ratio sits at a healthy 1.60, making this an easy financing story for buyers. Unit #4 is currently $150 below market rent, representing approximately $1,800/year in untapped NOI at the next lease renewal -- with no work required.Desert Hot Springs continues to benefit from population growth, proximity to Palm Springs, and rising demand for affordable rentals in the Inland Empire. This is a rare turnkey opportunity in a market with strong long-term tailwinds. OR live in one and rent the others - great options.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152