Desert Hot Springs, CA 92240 66229 8th Street

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Presented By: William Melton with PAEZ REALTY COMPANY;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV25101408
  • 05/07/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 7
  • Baths • 6
  • SQFT • 3,000

Home Details

Victor Martinez & Associates is pleased to present 8TH ST APARTMENTS, a 6-unit multifamily property located at 66229 8th St in Desert Hot Springs, CA. This value-add opportunity features a well-balanced unit mix consisting of (3) 1-bed/1-bath units, (2) 2-bed/1-bath units, and (1) studio, offering a strong appeal to a broad tenant base in a high-demand rental area. Situated on 0.28 acres, the property was built in 1965 and provides on-site parking and direct street frontage on 8th St. Tenants pay for their own trash service, while all other utilities—water, gas, electricity, and sewer—are paid directly by ownership. The property is located in a quiet, residential neighborhood just across from a public park, making it an ideal setting for long-term renters. 8TH ST APARTMENTS is positioned in a growing submarket of the Coachella Valley with strong rental demand and limited supply. With land available for additional improvements and future upside through potential interior or exterior enhancements, this asset presents a rare chance to acquire a well-maintained, income-producing property with long-term growth potential. Property Highlights: 6 total units: (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (1) Studio 0.28-acre lot with on-site parking Located across from a public park in a quiet residential area Tenants pay trash; owner pays water, gas, electric, and sewer Strong local rental market with room for growth Built in 1965 | Individual ownership | APN: 639-181-025
Presented By: William Melton with PAEZ REALTY COMPANY;

Interior Features for 66229 8th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 66229 8th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityDesert Hot Springs
Community FeaturesBiking, Park, StreetLights
CountyRiverside
DirectionsOff of 8th Street & Cactus Drive
Electric Expense4200.0
Electric On Property Y/NNo
Entry Location8th Street
Fuel Expense1200.0
Garage Spaces0.0
Garage Y/NNo
Gross Income93480.0
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsConventional
Lot Size Square Feet12197.0
Lot Size UnitsSquareFeet
MLS Area340 - Desert Hot Springs
MobileHomeRemainsYNNo
Net Operating Income61808.0
New ConstructionNo
Number Of Units Total6
Operating Expense31672.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameDHS
Tax Lot2
Trash Expense0.0
UtilitiesSewerNotAvailable
Water Sewer Expense1800.0
Year Built1965
Year Built SourceAssessor
ZoningR1

Exterior for 66229 8th Street

Building Area Total3000.0
Crops Included Y/NNo
Gulf-FrontNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.28
Lot Size Area12197.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $950,000
MLS#CV25101408
List Date 05/07/2025
Property Type Multi-Family
Phone 714.742.6515
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