66155 1st · Desert Hot Springs, CA 92240

$147,500

1 bd · 1.0 ba · 804 sqft · SingleFamily public records · 84 Days on market

Built 1949 6,534 sqft lot $183/sqft · 41% below area Est $251k · 41% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.1/10.0
• Rent growth +3.4/5.0
• Schools +2.7/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unlock the potential of this Desert Hot Springs fixer upper. An incredible opportunity for investors, flippers, or buyers looking to create their dream desert retreat. Situated in a growing community known for its natural mineral springs and stunning mountain views. This property offers a spacious lot and a flexible layout ready for your vision. Bring your tools and imagination- this home needs work but offers solid bones and endless upside. Conveniently located near natural hot springs, outdoor nature, hiking, trails, Joshua National Park, Museums, downtown and local events, golfing, and more! Priced to sell and full of potential! Do not miss your chance to invest in one of the desert's most up and coming areas. Square footage not taped, buyer to verify.

Key facts

• 6,534 sq ft lot
• Built 1949
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $139k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.0% in Desert Hot Springs — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 49/100 on livability (#1,149 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing B+; Watch: crime D+, schools F, amenities F.
• Palm Springs Unified (suburban): math 21% / reading 42% proficiency, ranked #328 of 517 in CA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.7%/yr); 515 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 36% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask has dropped $28k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $119k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,650 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.89%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (median comp): $250,508
• List price: $147,500
• Delta: -41.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
66146 Acoma	0.10mi	2/1.0 (+1)	850 (+6%)	4mo	$289,000	$340	78
66299 7th St	0.41mi	1/1.0	798 (-1%)	11mo	$240,000	$301	70
66425 Desert View Ave	0.42mi	1/1.0	754 (-6%)	3mo	$176,000	$233	68
66029 1st St	0.13mi	2/1.0 (+1)	846 (+5%)	18mo	$270,000	$319	65
65860 Acoma Ave	0.31mi	2/1.0 (+1)	900 (+12%)	2mo	$280,000	$311	59
66010 Granada Ave	0.49mi	2/1.0 (+1)	850 (+6%)	9mo	$249,000	$293	55
66140 Buena Vista Ave	0.16mi	2/1.0 (+1)	912 (+13%)	19mo	$295,000	$323	49
66165 Desert View Ave	0.31mi	2/1.0 (+1)	720 (-10%)	20mo	$300,000	$417	46
66154 6th St	0.35mi	2/1.0 (+1)	908 (+13%)	21mo	$315,000	$347	40
66670 Granada Ave	0.71mi	2/1.0 (+1)	919 (+14%)	12mo	$275,000	$299	28
13145 Cuyamaca Dr	0.63mi	2/1.5 (+1)	887 (+10%)	22mo	$280,000	$316	28
66691 Flora Ave	0.70mi	2/2.0 (+1)	884 (+10%)	20mo	$258,000	$292	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.66% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,491
• Equity at exit: $21,993

10-year hold

• IRR: 6.9%
• Equity multiple: 1.54×
• Total profit: $22,129
• Equity at exit: $12,753

Cash invested: $41,300 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92240

• Home prices YoY: -19.6%
• Rents YoY: 3.7%
• Active inventory: 515
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,634 high
• Mortgage (P&I): −$774
• Tax est. 1.5%: −$184 /mo · $2,212/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $272

Break-even live

Break-even rent $1,290

Max offer price $147,500

Occupancy floor 78%

Sensitivity live

Price	-10% $373	-5% $322	+0% $272	+5% $221	+10% $170
Rent	-10% $142	-5% $207	+0% $272	+5% $336	+10% $401
Rate	-1.0pp $346	-0.5pp $309	base $272	+0.5pp $233	+1.0pp $194

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
66212 2nd St Desert Hot Springs, CA	2.0	1.0	960	$2,000	$2.08	44d	1	0.11mi
66351 First St Unit 2 Desert Hot Springs, CA	1.0	1.0	800	$1,295	$1.62	44d	1	0.17mi
66051 3rd St Desert Hot Springs, CA	2.0	1.0	760	$1,675	$2.20	25d	1	0.19mi
66435 Acoma Ave Apt 2 Desert Hot Springs, CA	2.0	1.5	775	$1,525	$1.97	44d	1	0.28mi
66299 Desert View Ave Desert Hot Springs, CA	2.0	1.0	800	$1,650	$2.06	44d	1	0.34mi
66309 Desert View Ave Unit 1 Desert Hot Springs, CA	2.0	1.0	800	$1,650	$2.06	44d	1	0.34mi
66434 5th St Desert Hot Springs, CA	2.0	1.0	600	$1,500	$2.50	25d	1	0.38mi
66327 7th St Unit 1 Desert Hot Springs, CA	1.0	1.0	650	$1,499	$2.31	44d	1	0.41mi
66434 Estrella Ave Desert Hot Springs, CA	2.0	2.0	850	$1,800	$2.12	44d	1	0.42mi
66362 7th St Unit J Desert Hot Springs, CA	1.0	1.0	700	$1,675	$2.39	44d	1	0.47mi
66635 2nd St Unit 2 Desert Hot Springs, CA	1.0	1.0	565	$1,425	$2.52	25d	1	0.47mi
66800 Pierson Blvd Desert Hot Springs, CA	2.0	2.0	900	$1,500	$1.67	44d	1	0.66mi
66785 8th St Desert Hot Springs, CA	2.0	1.0	693	$1,695	$2.45	25d	1	0.77mi
13405 Ocotillo Rd Desert Hot Springs, CA	2.0	1.0	864	$1,750	$2.03	2d	1	0.88mi
66590 Joseph Way Unit B Desert Hot Springs, CA	2.0	1.0	785	$2,295	$2.92	25d	1	0.94mi
66810 Yucca Dr Unit A Desert Hot Springs, CA	1.0	1.0	600	$1,425	$2.38	25d	1	0.99mi
13950 West Dr Unit B Desert Hot Springs, CA	2.0	2.0	1008	$1,600	$1.59	2d	1	1.03mi
66929 San Felipe Rd Desert Hot Springs, CA	1.0	1.0	600	$1,400	$2.33	44d	1	1.12mi
67285 Pierson Blvd Desert Hot Springs, CA	2.0	2.0	1000	$2,200	$2.20	44d	1	1.12mi
13895 Luis Dr Desert Hot Springs, CA	2.0	1.0	814	$1,800	$2.21	44d	1	1.26mi
12550 Miracle Hill Rd Desert Hot Springs, CA	2.0	2.0	1000	$1,650	$1.65	4d	1	1.38mi
12550 Miracle Hill Rd Unit 2 Desert Hot Springs, CA	2.0	2.0	1000	$1,650	$1.65	5d	1	1.38mi
13079 Eliseo Rd Unit 2 Desert Hot Springs, CA	2.0	1.0	648	$1,495	$2.31	22d	1	1.49mi
13079 Eliseo Rd Apt 4 Desert Hot Springs, CA	2.0	1.0	648	$1,500	$2.31	22d	1	1.49mi

Listing history 23 events

1. 2026-06-18
   days on market $147,500 Active 84 DOM
2. 2026-06-17
   days on market $147,500 Active 83 DOM
3. 2026-06-16
   days on market $147,500 Active 82 DOM
4. 2026-06-15
   days on market $147,500 Active 81 DOM
5. 2026-06-13
   days on market $147,500 Active 79 DOM
6. 2026-06-13
   pricedays on market $147,500 Active 78 DOM
7. 2026-06-09
   days on market $175,000 Active 75 DOM
8. 2026-06-08
   days on market $175,000 Active 74 DOM
9. 2026-06-07
   days on market $175,000 Active 73 DOM
10. 2026-06-04
    days on market $175,000 Active 70 DOM
11. 2026-06-03
    days on market $175,000 Active 69 DOM
12. 2026-06-02
    days on market $175,000 Active 68 DOM
13. 2026-06-01
    days on market $175,000 Active 67 DOM
14. 2026-05-31
    days on market $175,000 Active 66 DOM
15. 2026-03-26
    listed $175,000 Active 765-char remark

    Show marketing remark (765 chars)

    Unlock the potential of this Desert Hot Springs fixer upper. An incredible opportunity for investors, flippers, or buyers looking to create their dream desert retreat. Situated in a growing community known for its natural mineral springs and stunning mountain views. This property offers a spacious lot and a flexible layout ready for your vision. Bring your tools and imagination- this home needs work but offers solid bones and endless upside. Conveniently located near natural hot springs, outdoor nature, hiking, trails, Joshua National Park, Museums, downtown and local events, golfing, and more! Priced to sell and full of potential! Do not miss your chance to invest in one of the desert's most up and coming areas. Square footage not taped, buyer to verify.

16. 2021-09-08
    historical 165-char remark

    Show marketing remark (165 chars)

    This Property is to be sold 'AS IS' Its potential is limitless, a great property for first time buyers, fixer upper. Make great income property. will require repair.

17. 2021-09-07
    soldstatus $118,600 Closed 165-char remark

    Show marketing remark (165 chars)

    This Property is to be sold 'AS IS' Its potential is limitless, a great property for first time buyers, fixer upper. Make great income property. will require repair.

18. 2021-05-27
    status Pending 165-char remark

    Show marketing remark (165 chars)

    This Property is to be sold 'AS IS' Its potential is limitless, a great property for first time buyers, fixer upper. Make great income property. will require repair.

19. 2021-05-24
    listed $130,000 Active 165-char remark

    Show marketing remark (165 chars)

    This Property is to be sold 'AS IS' Its potential is limitless, a great property for first time buyers, fixer upper. Make great income property. will require repair.

20. 2019-05-10
    soldstatus $59,000
21. 2012-09-18
    historical
22. 2011-08-10
    listed $9,900 Active
23. 1993-10-25
    soldstatus $32,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,608
• − Mortgage interest: −$8,262
• − Property taxes: −$2,212
• − Insurance: −$738
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$4,291
• Taxable income: $968
• Est. tax owed @ 24.0%: −$232
• After-tax cash flow: $3,026/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palm Springs Unified
• NCES district ID: 0629550
• Math proficiency: 21% ▼ -7.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $43,638
• Composite: 26.76/100
• National rank: #7131
• State rank: #328 of 517 in CA

Livability — Desert Hot Springs

• Score: 49/100
• State rank: #1149
• US rank: #25774

Category grades

Amenities F Commute F Cost of living D- Crime D+ Employment F Housing B+ Health & safety F User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Desert Hot Springs, CA
• County: Riverside County · 2,287,001 people
• City population: 41,615
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 41,615
• Household income: $54,023
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 2095.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (64%)
• Race & ethnicity: Hispanic / Latino 64% Two or more races 27% White 23% Black 7% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 53%
• Common ancestry: Lithuanian 1% Romanian 1% Italian 1%
• Foreign-born: 27% · Canada, Vietnam
• Languages at home: 47% English-only · Spanish 50% Russian/Polish/Slavic 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.10%
• Current HPI: 418.4691
• Rent YoY: ▲ 3.66%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+446.9% since first listed

9 events — show timeline

• 2026-03-26 Listed $175,000 CRMLS
• 2021-09-08 Listing Removed — GPSMLS
• 2021-09-07 Sold (MLS) $118,600 GPSMLS
• 2021-05-27 Pending — GPSMLS
• 2021-05-24 Listed $130,000 GPSMLS
• 2019-05-10 Sold (Public Records) $59,000 Public Records
• 2012-09-18 Listing Removed — GPSMLS
• 2011-08-10 Listed $9,900 GPSMLS
• 1993-10-25 Sold (Public Records) $32,000 Public Records

Property tax history

+24.7%/yr

Latest (2025): $28,055 · -21.1% YoY. Source: county tax records.