Leonardo Montenegro
Keller Williams Luxury Homes
(760) 548-4123
132 Total Sales
1 in Sunrise Park
$1,375,000 Price
1711 E Amado Rd Palm Springs, CA 92262
Sunrise Park Neighborhood
5
Beds
5
Baths
8,250
Sq Ft
0.5
Acre Lot
Highlights
- In Ground Pool
- All Bedrooms Downstairs
- Granite Countertops
- Palm Springs High School Rated A-
- 0.5 Acre Lot
- No HOA
About This Home
As of June 2014This apartment is a high pride of ownership gem, offering beautiful desirable apartment living inside & out. Very spacious, extra large units that include tile floors, stainless steel appliances, breakfast bar, large living & bedrooms, and private patios that are like a backyard. Tenants truly enjoy the large swimming pool along with the pool area BBQ & patio. Half the spaces are rented well below market (see unit mix below) leaving room to add tremendous value. At current actual rents, this property boasts a sub-9 GRM and a cap rate just under 7%. These returns are unheard of in the current market place, making this the best apartment buy in Southern California.
This is the best apartment location one can find in Palm Springs. Located downtown, just minutes away from the strip, convention center, shopping, airport, and casino. The historical at or near 100% occupancy attests for the tenants wanting to be in this first class apartment at this coveted fine location. If you purchase this offering, you're buying a trophy property at a wholesale price!!
Last Agent to Sell the Property
Burton Commercial, Inc. License #01014173 Listed on: 03/20/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 21,780 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 14 Parking Spaces
Home Design
- Property Attached
Interior Spaces
- 8,250 Sq Ft Home
- Built-In Features
- Bar
- Dry Bar
- Ceiling Fan
- Tile Flooring
- Granite Countertops
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 5 Bathrooms
Outdoor Features
- In Ground Pool
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 6,7
- Tax Tract Number 67
- Assessor Parcel Number 502063016
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 11 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,400
- Gardener Expense $1,800
- Insurance Expense $2,800
- Pool Expense $1,800
- Professional Management Expense $5,254
- Trash Expense $3,101
- Water Sewer Expense $1,172
- New Taxes Expense $16,137
- Gross Income $9,218
- Net Operating Income $68,872
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 1, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$774,388
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 20, 2014
Closed on
May 13, 2014
Sold by
Bought by
Seller's Agent
Tony Burton CCIM
Burton Commercial, Inc.
Buyer's Agent
Tony Burton CCIM
Burton Commercial, Inc.
List Price
$990,000
Sold Price
$990,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
4.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 27, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
4.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 26, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 25, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 28, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,600
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 2, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,000
Interest Rate
5.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 19, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
8.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 7, 1997
Sold by
Bought by
Purchase Details
Closed on
Dec 18, 1995
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sunrise Park, CA
-
Leonardo Montenegro
-
Jason Allen
Jason Allen
Keller Williams Luxury Homes
(760) 340-7110
47 Total Sales
1 in Sunrise Park
$760,000 Price
-
Kayla Toohey
Kayla Toohey
Desert Sotheby's Int'l Realty
(760) 302-6884
31 Total Sales
3 in Sunrise Park
$270,000 Price Range
-
Fredy Rodriguez
Fredy Rodriguez
Responds QuicklyeXp Realty Of Southern California Inc
(760) 507-2271
319 Total Sales
3 in Sunrise Park
$389,000 Price Range
-
Byron Lohman
Byron Lohman
SolCal Properties
(760) 548-3895
49 Total Sales
3 in Sunrise Park
$1,175,000 Price Range
-
Randy Wiemer
Randy Wiemer
Desert Lifestyle Properties
(442) 275-8565
50 Total Sales
3 in Sunrise Park
$1,475,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Stewart Title Of Ca Inc | ||
| -- | Fnitc | ||
| $962,500 | Fntic | ||
| $545,000 | Lawyers Title Ins Corp | ||
| $496,000 | First American Title Company | ||
| $848,000 | Fidelity Natl Title Ins Co | ||
| $850,000 | Southland Title Corporation | ||
| $485,000 | First American Title Co | ||
| -- | First American Title Ins Co | ||
| $178,000 | Chicago Title Co | ||
| $145,233 | Orange Coast Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Closed | $350,000 | ||
| Previous Owner | $710,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $425,000 | ||
| Previous Owner | $593,600 | ||
| Previous Owner | $542,000 | ||
| Previous Owner | $388,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2014 06/21/14 | Sold | $990,000 | 0.0% | $120 / Sq Ft |
| 03/21/2014 03/21/14 | Pending | -- | -- | -- |
| 03/20/2014 03/20/14 | For Sale | $990,000 | -- | $120 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $16,691 | $1,203,476 | $406,363 | $797,113 |
| 2025 | $16,691 | $1,179,880 | $398,396 | $781,484 |
| 2023 | $17,069 | $1,134,066 | $382,927 | $751,139 |
| 2022 | $17,363 | $1,111,830 | $375,419 | $736,411 |
| 2021 | $17,065 | $1,090,030 | $368,058 | $721,972 |
| 2020 | $16,412 | $1,078,855 | $364,285 | $714,570 |
| 2019 | $16,173 | $1,057,702 | $357,144 | $700,558 |
| 2018 | $15,918 | $1,039,714 | $350,142 | $689,572 |
| 2017 | $15,719 | $1,019,382 | $343,277 | $676,105 |
| 2016 | $15,305 | $999,449 | $336,547 | $662,902 |
| 2015 | $14,578 | $984,480 | $331,493 | $652,987 |
| 2014 | $9,110 | $550,223 | $125,567 | $424,656 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton CCIM
Seller's Agent in 2014
Tony Burton CCIM
Burton Commercial, Inc.
(951) 375-7433
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW14057070
APN: 502-063-016
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.
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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