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11583 Cactus Drive Desert Hot Springs, CA $ 574,850
11583 Cactus Drive
$ 574,850
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11583 Cactus Drive

Desert Hot Springs, CA, 92240
$ 574,850
Baths0.0

Monthly Estimate*

$ 3,586

Listed by Wilson-Meade Commercial Real Estate
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Studio

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

for $574,850. This home was built in 1956 on a lot size of 0.22.

Price improved to $574,850. Excellent opportunity to acquire a fully occupied, income-producing triplex with upside potential through future rent increases and implementation of RUBS for utility reimbursement. Situated on the corner of Cactus Drive and 3rd Street, just blocks from downtown Desert Hot Springs, the property offers a strong unit mix consisting of a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. All units feature tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system currently covering all electrical costs, significantly reducing operating expenses. Recent improvements include fresh exterior paint, refinished stucco edges, partial exterior drywall replacement, new fencing, and updated landscaping. The owner also added a 45-foot RV parking area. Interior upgrades include new ceiling fans, lighting, interior paint, new doors and locks, as well as drywall touch-ups and a newly installed main A/C unit. With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking consistent cash flow and long-term appreciation. Please do not disturb tenants. Contact listing broker for more information.

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Multi-Family Active

Price

$ 574,850

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.22

Year Built

1956

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

219132798DA

Days on Market

253

Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Gas Range Water Heater
HOA Fee 0
Garage Spaces 4
Year Built 1956
Tenant Pays Cable TV
View Mountain(s)
Stories Count 2
Levels Two
County Riverside
Net Operating Income 37077
Insurance Expense 2500
New Construction 0
Property Type Residential Income
Subdivision Name Not Applicable-1
Garage Y/N 1
Special Listing Conditions Standard
Status Active
Directions From I-10 travel North on Palm Drive to 3rd ST. travel west on 3rd Street. Property is located on the NWC of Cactus and 3rd.
City Desert Hot Springs
Senior Community Y/N 0
Open Parking Spaces 0
Number Of Units Total 3
MLS Area 340 - Desert Hot Springs
Lot Size Units Square Feet
Lot Size Square Feet 9583
Carport Spaces 0
Listing Terms Cash Cash to New Loan VA Loan
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 0
Property Condition Repairs Cosmetic
Trash Expense 2064
Water Sewer Expense 1612
Rent Control Y/N 0
Standard Status Active
Year Built Source Assessor
Total Actual Rent 4379
Cap Rate 6.45
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Interior
Flooring Carpet Laminate
Total Stories 2
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Total Baths 0
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Exterior
Parking Features Driveway On Street
Lot Features Corner Lot Yard
Total Parking 6
Lot Size Area 9583
Number of Buildings 1
Spa 0
Lot Size Acres 0.22
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
Wilson-Meade Commercial Real Estate

Broker

kate@wilson-meade.com

Email

Affordability Calculator

$3,586
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Monthly Principal & Interest
$3,586
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$574,850 Listed Price

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11583 Cactus Drive, Desert Hot Springs, CA, 92240 is a Multi-Family Home for sale at $574,850 with a lot size of 0.22. 11583 Cactus Drive is a studio with 0.0 baths and was built in 1956. The property's zip code is 92240 which is in Desert Hot Springs, CA