68040 Club Circle Desert Hot Springs, CA ^$ 550,000

68040 Club Circle

^$ 550,000

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68040 Club Circle

Desert Hot Springs, CA, 92240

^$ 550,000

Studio Baths1.0 Sq 1,950

Monthly Estimate*

^$ 3,431

Listed by LE INVESTMENT GROUP

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Studio

Multi-Family Home for sale in Desert Hot Springs, CA

for $550,000 with 1 full bath. This 1,950 square foot home was built in 1967 on a lot size of 0.19.

Le Investment Group is pleased to present a three-property multifamily portfolio totaling nine (9) units in Desert Hot Springs, CA. The portfolio includes 12700 Parma Drive, 68040 Club Circle Drive, and 66671 3rd Street, all situated within well-maintained neighborhoods, two of which lie in the city’s desirable Spa Zone. Each property is priced at $550,000 and features a consistent mix of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, offering functional layouts, carport parking, and strong in-place income. Current cap rates are 5.98% (Parma), 7.33% (Club Circle), and 8.64% (3rd Street). These triplexes are offered individually or together, providing flexibility for investors seeking either residential financing advantages or portfolio-scale stability and cash flow. (PLEASE REACH OUT TO LE INVESTMENT GROUP FOR FURTHER INFORMATION ON EACH OF THE THREE TRIPLEXES)

Multi-Family Active

Price

^$ 550,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1967

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

IV25255522

Days on Market

Features

General

Sewer Public Sewer

Heating None

Garage Spaces 0

Pool Features None

Year Built 1967

Stories Count 1

Levels One

Property Subtype Triplex

Gross Income 53660

Community Features Sidewalks

Additional Parcels Description 639283004 642093004

County Riverside

Net Operating Income 40333

Operating Expense 13328

Insurance Expense 0

New Construction 0

Property Type Residential Income

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions Please refer to maps for all properties.

City Desert Hot Springs

Entry Location Floor

Senior Community Y/N 0

Number Of Units Total 3

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 8276

Listing Terms Conventional

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 0

Building Area Units Square Feet

Standard Status Active

Year Built Source Appraiser

Tax Lot 41

Property Sub Type Additional Triplex

Cap Rate 7.33

Interior

Total Stories 1

Common Walls 2+ Common Walls

Heating Y/N 0

Laundry Features None

Entry Level 1

Exterior

Lot Features 2-5 Units/Acre

Water Source Public

Total Parking 0

Lot Size Area 8276

Number of Buildings 1

Building Area Total 1950

Lot Size Acres 0.19

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

* Excluded Features

List By

Le Investment Group

Broker

albert.le@leinvestmentgroup.com

Affordability Calculator

$3,431

Per Month

Monthly Principal & Interest: $3,431
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Desert Hot Springs, CA

Average List Price ^$727,064

Percent of Sale Price 32%

About Desert Hot Springs, CA

28,699 Population

56% Since 2002

^$33,838 Median Income

33.65 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$550,000		Listed Price

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68040 Club Circle, Desert Hot Springs, CA, 92240 is a Multi-Family Home for sale at $550,000 with 1,950 sqft and a lot size of 0.19. 68040 Club Circle is a studio with 1.0 baths and was built in 1967. The property's zip code is 92240 which is in Desert Hot Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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68040 Club Circle

Multi-Family Home for sale in Desert Hot Springs, CA

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