NOT LISTED FOR SALE

13525 Hermano Way Desert Hot Springs, CA 92240

Estimated Value: $430,000 - $479,800

6 Beds
4 Baths
2,160 Sq Ft
$206/Sq Ft Est. Value

Last Sold August 26, 2024

Last sale price $482,000 $223 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,733/month

13 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Laundry Room

About This Home

As of August 2024

Great investment opportunity!!! North of Pierson, nice neighborhood. Duplex:3 bedrooms and 2 bathrooms each with it's own garage and additional parking in the drive way, laundry area inside of each units. One of the units has been completely upgraded in 2019 and another one again in 2020 including newer custom kitchen cabinets, newer appliances, microwaves, newer garbage disposals. Newer vanities in the bathrooms, newer tile floors, brushed nickel faucets in kitchen and bathrooms, newer light fixtures throughout. One AC units were installed in 2020 including digital controls. Newer water heater, newer remote garage doors, newer swamp coolers was done in 2022. New AC was installed in 2022 for Unit B. Low maintenance front and back yard with a desert landscaping. Newer exterior lights. You won't find units this nice anywhere in Desert Hot Springs. This a must see! Selling in AS-IS condition.

Last Agent to Sell the Property

Yulia Basabilvazo

Elevate Real Estate Agency Brokerage Phone: 951-264-4769 License #01853550 Listed on: 07/25/2024

Elevate Real Estate Agency

Last Buyer's Agent

Yulia Basabilvazo

Elevate Real Estate Agency Brokerage Phone: 951-264-4769 License #01853550 Listed on: 07/25/2024

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,772

Year Built

  • Built in 1986

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 231
  • Tax Tract Number 44510
  • Assessor Parcel Number 642211017
  • $336 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,916
  • Trash Expense $960
  • Water Sewer Expense $2,160
  • Operating Expense $6,036
  • Gross Income $25,800
  • Net Operating Income $19,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,772

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 244950
  • Property Attached: No
  • Subdivision Name Other: unknown
  • Water Sewer Expenses: 2160.00
  • Zoning: TR
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 642211017
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 223.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 25800.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 2916.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 19764.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 6036.00
  • Rent Control: No
  • Total Expenses: 6036.00

Tax Info

  • Tax Census Tract: 445.10
  • Tax Lot: 231
  • Tax Tract Number: 044510
  • TaxOtherAnnualAssessmentAmount: 336.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Aug 9, 2024
Sold by
Manalo Erwin Gamboa and Manalo Lucy Maria
Bought by
Hu Waffling and Feng Zhejun
Seller's Agent
Yulia Basabilvazo
Elevate Real Estate Agency
Buyer's Agent
Yulia Basabilvazo
Elevate Real Estate Agency
List Price
$489,900
Sold Price
$482,000
Premium/Discount to List
-$7,900
-1.61%
Views
3
Current Estimated Value
$445,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,800
Avg. Annual Appreciation
-6.56%
Original Mortgage
$360,000
Outstanding Balance
$355,942
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$89,258

Purchase Details

Listed on
Oct 15, 2021
Closed on
Oct 19, 2021
Sold by
Miller Kenzie and Miller Bryce
Bought by
Manalo Erwin Gamboa and Manalo Lucy Maria
Seller's Agent
Yulia Basabilvazo
Elevate Real Estate Agency
Buyer's Agent
Yulia Basabilvazo
Elevate Real Estate Agency
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$262,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2019
Closed on
Oct 24, 2019
Sold by
Bi Properties Llc
Bought by
Miller Kevin D
Seller's Agent
Alifonso Mendoza
Keller Williams Property Team
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$315,000
Sold Price
$260,000
Premium/Discount to List
-$55,000
-17.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.85%
Original Mortgage
$195,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2014
Sold by
Audet William M and Audet Irene M
Bought by
Bi Properties Llc

Purchase Details

Closed on
Apr 22, 2005
Sold by
Real Property Investments Inc
Bought by
Audet William M and Audet Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 15, 2005
Sold by
Fisher Ola Mane
Bought by
Real Property Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 13, 2004
Sold by
Oceanside Property Investments Inc
Bought by
Fisher Ola Mane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2004
Sold by
Deleon Magdalena
Bought by
Ocenaside Property Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1997
Sold by
Hud
Bought by
Deleon Gabriel R and Deleon Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,789
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 1996
Sold by
Citicorp Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Apr 18, 1996
Sold by
Duncan Don
Bought by
Citicorp Mtg Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hu Waffling $482,000 Wfg National Title Company Of
Manalo Erwin Gamboa $350,000 Ticor Title
Miller Kevin D $260,000 First American Title Company
Bi Properties Llc -- None Available
Audet William M $344,000 Orange Coast Title
Real Property Investments Inc -- --
Fisher Ola Mane -- Orange Coast Title Co
Ocenaside Property Investment Inc $220,000 Orange Coast Title Co
Deleon Gabriel R $50,500 Fidelity National Title Ins
Hud -- First Southwestern Title Co
Citicorp Mtg Inc $92,149 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hu Waffling $360,000
Previous Owner Manalo Erwin Gamboa $262,500
Previous Owner Miller Kevin D $195,000
Previous Owner Audet William M $272,000
Previous Owner Fisher Ola Mane $12,000
Previous Owner Ocenaside Property Investment Inc $213,750
Previous Owner Deleon Gabriel R $49,789
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2024 08/26/24 Sold $482,000 -1.6% $223 / Sq Ft
08/09/2024 08/09/24 For Sale $489,900 +1.6% $227 / Sq Ft
08/07/2024 08/07/24 Off Market $482,000 -- --
08/07/2024 08/07/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $489,900 +40.0% $227 / Sq Ft
11/23/2021 11/23/21 Sold $350,000 0.0% $162 / Sq Ft View Prior Sale
10/15/2021 10/15/21 For Sale $350,000 +34.6% $162 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
11/15/2019 11/15/19 Sold $260,000 -8.8% $120 / Sq Ft View Prior Sale
10/01/2019 10/01/19 Pending -- -- --
08/14/2019 08/14/19 Price Changed $285,000 -5.0% $132 / Sq Ft
07/08/2019 07/08/19 Price Changed $299,900 -4.8% $139 / Sq Ft
05/14/2019 05/14/19 For Sale $315,000 -- $146 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,772 $482,000 $72,300 $409,700
2023 $4,772 $273,303 $31,534 $241,769
2022 $3,788 $267,945 $30,916 $237,029
2021 $4,829 $262,692 $30,310 $232,382
2020 $3,544 $260,000 $30,000 $230,000
2019 $2,376 $165,916 $25,857 $140,059
2018 $2,329 $162,663 $25,350 $137,313
2017 $2,290 $159,474 $24,853 $134,621
2016 $2,224 $156,348 $24,366 $131,982
2015 $2,145 $154,000 $24,000 $130,000
2014 $1,864 $130,000 $15,000 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24152234

California Regional Multiple Listing Service (CRMLS)

APN: 642-211-017