NOT LISTED FOR SALE

15160 Via Montana Desert Hot Springs, CA 92240

Estimated Value: $323,000 - $757,000

5 Beds
3 Baths
2,690 Sq Ft
$193/Sq Ft Est. Value

Last Sold January 23, 2024

Last sale price $505,000 $188 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,010/month

139 Days on Market

Highlights

  • Park
  • Back Yard
  • 1-Story Property
  • Laundry Room

About This Home

As of January 2024

EXCELLENT OPORTUNITY TO OWN THIS RENTAL INCOME PROPERTY.
It's a very good monthly/yearly income, great Investment with a 8% cap rate. can get this cap rate no where, palm Springs is 4,5 Cap Rate.
3 units describe as the first unit is 3/1 = 3 bed, one full bath, second unit 1/1 = one bed, one full bath, third unit is 1/1 = one bed, one full bath. off street parking 6 spaces, Property build on 1958 but fully remodeled on 2015, Good condition
This property has Lots of potential!!!!! Do not miss this opportunity There is nothing like this on the market inventory is very Low.
Property is offered "as-is" as!!!
Seller is very motivated.

Last Agent to Sell the Property

Maritza Gutierrez

REALTY ONE GROUP WEST - CORONA License #01865624 Listed on: 08/08/2023

REALTY ONE GROUP WEST - CORONA

Last Buyer's Agent

Maritza Gutierrez

REALTY ONE GROUP WEST - CORONA License #01865624 Listed on: 08/08/2023

REALTY ONE GROUP WEST - CORONA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,157

Year Built

  • Built in 1959

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • No Landscaping
  • Back Yard

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,690 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Listing and Financial Details

  • Tax Lot 755
  • Tax Tract Number 445
  • Assessor Parcel Number 656102028
  • $920 per year additional tax assessments

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,330
  • Fuel Expense $1,095
  • Insurance Expense $1,650
  • Trash Expense $1,260
  • Water Sewer Expense $1,965
  • Operating Expense $8,650
  • Gross Income $49,200
  • Net Operating Income $40,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,157

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 9515883889
  • Other Phone Number: 9515883889
  • Price Per Unit: 166000
  • Property Attached: No
  • Subdivision Name Other: Dos Palmas TR Unit 6
  • Water Sewer Expenses: 1965.00
  • Zoning: W-2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 656102028
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 187.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1260.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, No Landscaping
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Other

Multi Family

  • Electric Expense: 4330.00
  • Fuel Expense: 1095.00
  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1650.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 40550.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 7
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 8650.00
  • Rent Control: No
  • Total Actual Rent: 49200.00
  • Total Expenses: 8650.00

Tax Info

  • Tax Census Tract: 445.15
  • Tax Lot: 755
  • Tax Tract Number: 445.15
  • TaxOtherAnnualAssessmentAmount: 920.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Basbous Liza
Bought by
Maher Fadi
Current Estimated Value
$519,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2016
Sold by
Naredo Juana R and Deloya William
Bought by
Valenzuela Rafael Andres

Purchase Details

Closed on
Dec 16, 2015
Sold by
Ralph Loren Chattels Llc
Bought by
Naredo Juana R and Deloya William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,628
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
May 11, 2014
Closed on
Jan 12, 2015
Sold by
Boyer Franklin and Boyer Lorraine
Bought by
Ralph Loren Chattels Llc
Seller's Agent
Bronson White
Bennion Deville Homes
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.01%
Original Mortgage
$72,000
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maher Fadi -- Pacific Coast Title
Maher Fadi $505,000 Pacific Coast Title
Valenzuela Rafael Andres -- None Available
Naredo Juana R $158,500 Orange Coast Title
Ralph Loren Chattels Llc $80,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maher Fadi $378,750
Previous Owner Naredo Juana R $155,628
Previous Owner Ralph Loren Chattels Llc $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2024 01/23/24 Sold $505,000 +1.4% $188 / Sq Ft
11/18/2023 11/18/23 For Sale $498,000 -1.4% $185 / Sq Ft
11/06/2023 11/06/23 Off Market $505,000 -- --
11/02/2023 11/02/23 For Sale $498,000 -1.4% $185 / Sq Ft
10/17/2023 10/17/23 Off Market $505,000 -- --
08/08/2023 08/08/23 For Sale $498,000 +522.5% $185 / Sq Ft
01/24/2015 01/24/15 Sold $80,000 -5.9% $36 / Sq Ft View Prior Sale
12/20/2014 12/20/14 Pending -- -- --
11/12/2014 11/12/14 Price Changed $85,000 -5.5% $39 / Sq Ft
05/11/2014 05/11/14 For Sale $89,900 -- $41 / 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 $3,157 $515,100 $127,500 $387,600
2023 $3,157 $180,339 $18,201 $162,138
2022 $3,203 $176,804 $17,845 $158,959
2021 $4,866 $173,339 $17,496 $155,843
2020 $3,052 $171,563 $17,317 $154,246
2019 $3,008 $168,200 $16,978 $151,222
2018 $2,938 $164,903 $16,646 $148,257
2017 $2,866 $161,670 $16,320 $145,350
2016 $1,799 $81,600 $8,160 $73,440
2015 $1,786 $121,759 $7,791 $113,968
2014 $1,774 $119,377 $7,640 $111,737
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Maritza Gutierrez

    REALTY ONE GROUP WEST - CORONA

    (951) 588-3889

    2 in this area

    12 Total Sales

    Maritza Gutierrez
    Section Image

  • B

    Seller's Agent in 2015

    Bronson White

    Bennion Deville Homes

    Section Image

  • N

    Buyer's Agent in 2015

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23146429

California Regional Multiple Listing Service (CRMLS)

APN: 656-102-028

California Riverside County Desert Hot Springs 92240

15160 Via Montana, Desert Hot Springs, CA

This home is located at 15160 Via Montana, Desert Hot Springs, CA 92240 since 08 August 2023 and is currently estimated at $519,667, approximately $193 per square foot. This property was built in 1959. 15160 Via Montana is a home located in Riverside County with nearby schools including Bubbling Wells Elementary School, Desert Springs Middle School, and Desert Hot Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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