$912,500
SOLD AUG 15, 2025
10 Beds
8 Baths
4,800 Sq Ft
0.41 Acres

Recently Sold

$190 Per Sq Ft

8% Below List Price

138 Days on Market

About This Home

As of August 2025

Super clean Desert Knolls 4 Plex with sweeping desert views. 2 – 2 bedroom 2 bath and 2 – 3 bedroom 2 bath. All units have laundry facilities and 30’ deep 2 car garages, both 3 bedroom units have fireplaces. 50% of the AC units have been replaced within the last 5 years and water main line from meter to building recently replaced.

Desert Knolls 4-Plex – A Prime Investment with Stunning Views!
Super clean and well-maintained 4-plex in the highly desirable Desert Knolls neighborhood! Offering breathtaking desert vistas, this property features:
*2 Spacious 2-Bed/2-Bath Units
*2 Large 3-Bed/2-Bath Units
*In-Unit Laundry in all units for Tenant Convenience
*Fireplaces (in the 3bedroom units)
*All units have oversized 30’ Deep 2-Car Garages for Ample Storage
*50% of AC units replaced in the last 5 years
*Brand new water main line recently installed
*All units are Month to Month
A rare turnkey opportunity for investors seeking strong rental potential in a prime location! Don’t miss out!

Last Agent to Sell the Property

Bob Basen

Coldwell Banker Commercial Rea Brokerage Phone: 7607928622 License #00521368 Listed on: 03/04/2025

Coldwell Banker Commercial Rea

Co-Listed By

Jerrad Schendel

Coldwell Banker Commercial Rea Brokerage Phone: 7607928622 License #01971338

Last Buyer's Agent

Peter Adler

Incom Properties License #01520651

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 368
  • Tax Tract Number 7802
  • Assessor Parcel Number 0473412170000
  • $445 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,917
  • Trash Expense $2,990
  • Water Sewer Expense $2,532
  • Operating Expense $10,439
  • Gross Income $55,452
  • Net Operating Income $45,013

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2532.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0473412170000
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One, Two
  • Price Per Square Foot: 190.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2990.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, 16-20 Units/Acre
  • Lot Size Sq Ft: 18025.00
  • Lot Size Acres: 0.4138

Multi Family

  • Gross Income: 55452.00
  • Gross Scheduled Income: 55452.00
  • Insurance Expense: 4917.00
  • Lot Size Area: 18025.0000 Square Feet
  • Net Operating Income: 45013.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10439.00
  • Rent Control: Yes
  • Total Expenses: 10439.00

Tax Info

  • Tax Census Tract: 121.01
  • Tax Lot: 368
  • Tax Tract Number: 7802
  • TaxOtherAnnualAssessmentAmount: 445.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2025
Closed on
Aug 5, 2025
Sold by
Frederickson Family Revocable Trust and Frederickson Dean L
Bought by
Castillo Jose Vidal
Seller's Agent
Bob Basen
Coldwell Banker Commercial Rea
Buyer's Agent
Peter Adler
Incom Properties
List Price
$990,000
Sold Price
$912,500
Premium/Discount to List
-$77,500
-7.83%
Views
50
Current Estimated Value
$886,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,793
Avg. Annual Appreciation
-7.09%
Original Mortgage
$547,500
Outstanding Balance
$546,842
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$339,865

Purchase Details

Closed on
Jan 18, 2006
Sold by
Frederickson Dean L
Bought by
Frederickson Dean L and Frederickson Roberta K

Purchase Details

Closed on
Sep 20, 2005
Sold by
Frederickson Dean L
Bought by
Frederickson Dean L and Frederickson Roberta K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2004
Sold by
Frederickson Dean L
Bought by
Frederickson Dean L and Frederickson Roberta K

Purchase Details

Closed on
Jan 8, 1996
Sold by
Provost James F
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $912,500 Orange Coast Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Home Connects
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Trustee Deed $153,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $547,500 New Conventional
Previous Owner $225,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $912,500 -7.8% $190 / Sq Ft
07/20/2025 07/20/25 Pending -- -- --
05/20/2025 05/20/25 For Sale $990,000 0.0% $206 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $990,000 -- $206 / 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 $3,133 $274,105 $49,837 $224,268
2024 $3,133 $268,731 $48,860 $219,871
2023 $3,104 $263,462 $47,902 $215,560
2022 $3,058 $258,296 $46,963 $211,333
2021 $2,988 $253,231 $46,042 $207,189
2020 $2,952 $250,635 $45,570 $205,065
2019 $2,897 $245,720 $44,676 $201,044
2018 $2,826 $240,902 $43,800 $197,102
2017 $2,787 $236,178 $42,941 $193,237
2016 $2,682 $231,547 $42,099 $189,448
2015 $2,642 $228,069 $41,467 $186,602
2014 $2,607 $223,602 $40,655 $182,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD25047495

California Regional Multiple Listing Service (CRMLS)

APN: 0473-412-17