66590 Joseph Way, Desert Hot Springs, CA 92240 - Photo 1 of 18, Desert Hot Springs, CA
1 / 18
Sold$630,000on Mar 10, 2026

66590 Joseph Way, Desert Hot Springs, CA 92240

2Beds
1Baths
0
30Days Listed

About This Property

This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs! Please see directly below! At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!! At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return. Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses. Finally, we have two other triplexes like this that can be bought.

Property Location

Map

Property Details

Property Type
Res Income 2-4 Units
Bedrooms
2
Bathrooms
1
Building Area
0 Sqft
Living Area
0 sqft
Year Built
0
Status
Sold
Days on Market
30
Cumulative Days on Market
31
Original Price
$680,000

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Desert Hot Springs Market Snapshot

226

Active Listings

$290K

Median Price

115

Avg Days on Market

Last updated: Mar 11, 2026

More Sold Properties in Desert Hot Springs

View all

Listed by

Tony Burton, Burton Commercial, Inc. · 951-375-7433

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.

$650,000