

10485 Santa Cruz RoadDesert Hot Springs, CA 92240
Multi-Family · 4 Beds · 4 Full Baths · 2,640 Sq. ft.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.
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
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
10485 Santa Cruz Road Market Data
Based on the last 30 days in this zip code
10485 Santa Cruz Road History
| Date | Value | Agent |
|---|---|---|
| 5/18/2026Source: CRMLS | May 18, 2026 |
|
| 5/18/2026Source: California Desert MLS | May 18, 2026 |