Listing provided courtesy of Compass- MLS# 219148018MLS Provider

10485 Santa Cruz RoadDesert Hot Springs, CA 92240

Multi-Family · 4 Beds · 4 Full Baths · 2,640 Sq. ft.
$589,000 Active

10485 Santa Cruz Road Overview

Time on Site:
42 days
Visits:
0

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.

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10485 Santa Cruz Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,640
  • Price/Sq.ft. $223

Details

General

Building Information

  • New Construction: false
  • Year Built: 1965

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 340 - Desert Hot Springs
  • Subdivision Name: Desert View Estates
  • Walk Score: 0

Rent/Lease Information

  • Tenant Pays: Cable TV,Electricity,Gas

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
  • Parcel Number: 639032027
  • Property Condition: Repairs Major
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 2640.0

General Information

  • Appliances: Dishwasher,Dryer,Refrigerator,Washer
  • Fireplace: false
  • Flooring: Laminate
  • Foundation Details: Slab
  • Interior Features: All Bedrooms Down,Other,Granite Counters
  • Laundry Features: Community
  • Levels: Ground
  • Living Area: 2640.0
  • Spa: false
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Driveway,Total Uncovered/Assigned Spaces
  • Parking Total: 8.0

Lot Information

  • Lot Features: Level
  • Lot Size Area: 10890.0
  • Lot Size Source: Assessor
  • Number Of Buildings: 1

Waterfront/View

  • View: false

Building Exterior/Construction

  • Construction Materials: Stucco
  • Patio And Porch Features: Enclosed

General Information

  • Fencing: Wood
  • Pool Private: false
  • Sewer: In, Connected and Paid

10485 Santa Cruz Road Neighborhood

Desert Hot Springs

Desert Hot Springs, also referred to as "DHS", is a Riverside County city located in the Coachella Valley north of Palm Springs. The city’s name is derived from the numerous natural hot springs that dot the landscape. It is one of the few places in the world to boast naturally occurring hot and cold mineral springs due to the presence of two aquifers that are separated by the Mission Creek Fault, a branch of the San Andreas Fault. 

Community

92240 (Desert Hot Springs) Demographics

37
Median Age
981
Population Density (per sq. mile)
23%
College Educated
$40,456
Estimated Median Income
6,801
Estimated Total Home Owners
6,154
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10485 Santa Cruz Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10485 Santa Cruz Road Market Data

Based on the last 30 days in this zip code

$423,362
Average List Price
$252
Average Price per Square Foot
45
Properties Sold
92
Average Days on Market
498
Properties for Sale
Calculations provided by Reliance Network

10485 Santa Cruz Road History

Date Event Value Agent
5/18/2026Source: CRMLS Added to Database
May 18, 2026
5/18/2026Source: California Desert MLS Added to Database
May 18, 2026
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