25
See all 25 photos
$595,000
Est. payment /mo
5 Beds
2,012 SqFt
New
13855 Verbena Drive Desert Hot Springs, CA 92240
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Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,012 sqft
Price per Sqft $295
MLS Listing ID CL25530577
Bedrooms 5
HOA Y/N No
Year Built 1984
Lot Size 7,841 Sqft
Acres 0.18
Property Sub-Type OTHER
Property Description
Cap rate of 7.3%, $4350 per month current total rent. Garage work has started to be converted into another unit (1bed), potentially bringing additional rent $$! An outstanding opportunity to acquire a set of units already rented at almost top rent value but still with room for increase. Both units have been updated and cleaned up. Unit A boast 3 bed, 2 baths and unit B is 2 bed, 2 bath with a separate entrance in the back. Inside, you'll discover spacious kitchens adorned with nice countertops. The generous living rooms offer ample space, the bedrooms have beautiful wood doors & the bathrooms are in good shape. Extra space on the roof via spiral staircase for the beautiful view of the valley and mountains. Whether you're looking to diversify your investment portfolio or execute a 1031 exchange, this location is ideal for investors seeking prime real estate opportunities with a potential of 10% cap rate. Each unit has it's own meters. Make a buck while doing nothing. Good part of DHS! Property is gated.
Location
State CA
County Riverside
Zoning R2
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 641321018
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Listed by Anna Sadowska • Crissanna Luxury Real Estate