$1,575,000
SOLD MAR 12, 2025
10 Beds
10 Baths
4,360 Sq Ft
0.3 Acres

Recently Sold

$361 Per Sq Ft

7% Below List Price

54 Days on Market

Highlights

  • Mountain View
  • Living Room
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Ceramic Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of March 2025

This beautiful 1990's Spanish apartment building features 5 units, all 2-2. Two units are free standing. The building has 100% occupancy with high demand for rental units in this highly desirable area -Palm Springs neighborhood (Sunrise Park) just a short walk to the new College of the Desert, the Cultural Center (Camelot Theatre), restaurants including John Henry's, Ralphs, CVS, Eisenhower Urgent Care, and much more. The owners 'pride of ownership' shows by his remodeling and upgrading of every unit over the last several years, including granite counter tops in all kitchens, stainless steel appliances including refrigerators and built in microwaves, matching granite counters in all bathrooms. The buildings 1990's construction means lower maintenance costs for the owner and desirable features for tenants with dual pane windows, good insulation, 2 off-street parking places per unit, private patios and on-site laundry.

Last Agent to Sell the Property

Jeannie Niles

Jeannie Niles Real Estate License #00594402 Listed on: 01/01/2025

Last Buyer's Agent

OUT OF AREA ARCADIA

OUT OF AREA OFFICE

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1991

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Frame Construction
  • Stucco Exterior

Interior Spaces

  • 4,360 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Mountain Views
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • 5 Assigned Parking Spaces

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • The owner pays for gardener, water, trash collection
  • Assessor Parcel Number 502182001

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Sunrise Park Subdivision

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,184
  • Trash Expense $237
  • Operating Expense $47,500
  • Gross Income $9,314
  • Net Operating Income $60,434

Property Details

Home Type

Apartment

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Property Attached/Detached: Yes
  • Levels: Ground Level, No Unit Above, One
  • List Price per Sq Ft: 365.83
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s)
  • Year Built: 1991
  • Internal Listing I D: 20250102022517962932000000
  • Listing I D: 219122100
  • Listing Member Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Fax: (760) 340-9069
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: _, ARCADIA, CA 91006
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Sunrise Park
  • Unit Information Number Of Units Leased: 5
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 10
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Estimated Sq Ft: 4360.00

Exterior Features

  • Construction: Stucco, Frame
  • View: Yes

Garage/Parking

  • Parking: Assigned
  • Parking Info Total Parking Spaces: 5.00
  • Total Uncovered Assigned Spaces: 5.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 6
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Security: Fire Alarm
  • Sewer: In Street Paid
  • Number Gas Meter: 5
  • Water Heater: Yes

Condo/Co-op/Association

  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 502182001
  • Lot Description: Level
  • Lot Size: 13068.00

Rental Info

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

Multi Family

  • Rent Control: Yes
  • Total Units: 5

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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 Change Sq Ft Price
03/12/2025 03/12/25 Sold $1,575,000 -1.3% $361 / Sq Ft
02/24/2025 02/24/25 Pending -- -- --
02/19/2025 02/19/25 Price Changed $1,595,000 -3.3% $366 / Sq Ft
01/28/2025 01/28/25 Price Changed $1,650,000 -2.7% $378 / Sq Ft
01/01/2025 01/01/25 For Sale $1,695,000 +171.2% $389 / Sq Ft
08/29/2014 08/29/14 Sold $625,000 -1.6% $138 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
07/01/2014 07/01/14 For Sale $635,000 -- $140 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219122100

California Desert Association of REALTORS®

APN: 502-182-001