NOT LISTED FOR SALE

1540 N Chaparral Rd Palm Springs, CA 92262

14 Beds
14 Baths
-- Sq Ft
0.48 Acres

Last Sold November 21, 2013

Last sale price $1,025,000

31 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Mountain View
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • 1-Story Property

About This Home

As of November 2013

Mid Century Modern 10-Unit Residential Income Property complete with tropical landscaping and pool. Ten units consist of four 2bd/1.75ba units, roughly 800 square feet in size and six 1bd/1ba units, approximately 600 square feet in size. The larger two-bedroom units have private poolside front patios, fireplaces and include upgraded kitchens with laminate counters and dishwashers. The smaller one-bedroom units have private rear patios with sliding glass doors. Property shows real pride of ownership with a local, hands on owner and landlord. Drive by this property now. You'll appreciate the curbside charm and appeal. Located just a few blocks from Palm Canyon Drive and downtown Palm Springs, this property would make an excellent investment property with a 6.0% CAP rate or a great owner occupy. Don't let this one slip away. *Available for Back-up Offers.*

Last Agent to Sell the Property

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 10/20/2013

Coldwell Banker Realty

Co-Listed By

Richard Chamberlin

Coldwell Banker Realty License #01232493

Last Buyer's Agent

Tom DeWitt

Coldwell Banker Realty License #01467319

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.48 Acre Lot
  • Fenced
  • Rectangular Lot

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Tar and Gravel Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Raised Hearth
  • Gas Log Fireplace
  • Vertical Blinds
  • Living Room with Fireplace
  • Mountain Views
  • Security Lights

Bedrooms and Bathrooms

  • 14 Bedrooms

Pool

  • In Ground Pool
  • Fence Around Pool
  • Gunite Pool

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 507023015

Community Details

Overview

  • 10 Units
  • El Mirador Subdivision

Recreation

  • Community Pool

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,558
  • Trash Expense $2,994
  • Gross Income $100,680
  • Net Operating Income $64,988

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level, No Unit Above, One
  • Price Per Unit: 108250.00
  • Building Style: Mid Century
  • Entry Location: Ground Level - No Steps
  • Lp Sp Ratio: 0.9469
  • View Type: Mountain(s)
  • Water District Name: CVWD
  • Co Listing Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 325-4578
  • Internal Listing I D: 20190608184608883738000000
  • Listing I D: 213002036
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Selling Member Fax: (760) 406-6128
  • Selling Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Selling Office Fax: (760) 325-4578
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: El Mirador
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Number Of Disposals: 10
  • Number of Ranges: 10
  • Fireplace Features: Gas Log, Raised Hearth
  • Total Bedrooms: 14
  • Total Bathrooms: 14.00
  • Full Bathrooms: 10
  • Three Quarter Bathrooms: 4
  • Laundry Equipment: Lease
  • Windows Treatments: Blinds, Vertical Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Tar/Gravel
  • Foundation: Slab
  • Pool: Yes
  • Pool Accessories: Safety Fence, Safety Gate
  • Pool Construction: Gunite, In Ground
  • Pool Location: Community
  • View: Yes
  • Numberof Patios: 10

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 11
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Heating Fuel: Electric
  • Security: Exterior Security Lights
  • Sewer: In, Connected and Paid
  • Water Heater Feature: Water Heater Unit
  • Number Gas Meter: 11
  • Water Heater: Yes

Association/Amenities

  • Gated Community: Yes

Lot Info

  • Assessor Parcel Number: 507023015
  • Lot Description: Fenced, Rectangular Lot
  • Lot Size: 20828.00

Rental Info

  • Owner Pays: Gardener, Water, Pool Service
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 10
  • Total Units: 10

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2013 11/21/13 Sold $1,025,000 -5.3% --
11/20/2013 11/20/13 Pending -- -- --
10/20/2013 10/20/13 For Sale $1,082,500 -- --
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Doug Fischer

    Coldwell Banker Realty

    Section Image

  • R

    Seller Co-Listing Agent in 2013

    Richard Chamberlin

    Coldwell Banker Realty

  • T

    Buyer's Agent in 2013

    Tom DeWitt

    Coldwell Banker Realty

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 213002036

California Desert Association of REALTORS®

APN: 507-023-015

California Riverside County Palm Springs 92262

1540 N Chaparral Rd, Palm Springs, CA

This home is located at 1540 N Chaparral Rd, Palm Springs, CA 92262 since 20 October 2013. 1540 N Chaparral Rd is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm 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 Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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