$1,475,000
SOLD NOV 22, 2024

1965 S Camino Real Palm Springs, CA 92264

Twin Palms Neighborhood
8 Beds
8 Baths
5,590 Sq Ft
0.37 Acres

Recently Sold

$264 Per Sq Ft

5% Below List Price

16 Days on Market

Highlights

  • Detached Carport Space
  • Central Heating and Cooling System
  • 1-Story Property
  • Palm Springs High School Rated A-

About This Home

As of November 2024

Discover an exceptional investment opportunity for this first time on the market four-plex near the Ace Hotel in Twin Palms and close to downtown Palm Springs. This beautifully remodeled four-unit multifamily property is ideally situated, and features three spacious 2-bedroom, 2-bath units, each over 1,200 sq. ft. and one expansive 2-bedroom, 2-bath unit with two additional rooms, boasting over 1,800 sq. ft. Each unit has been meticulously updated with modern finishes and amenities, ensuring comfort and style. Relax by the sparkling pool or unwind in the landscaped outdoor area perfect for Palm Springs' sunny climate. There is a dedicated parking lot, offering convenience for residents, and is close to local attractions, dining, and shopping. Don't miss your chance to own a piece of paradise in Palm Springs! Buyer to comply with seller's 1031 exchange.

Last Agent to Sell the Property

Jade Devitt

PLG Estates License #02070642 Listed on: 10/17/2024

Co-Listed By

Jason Boritz

PLG Estates License #02229779

Last Buyer's Agent

James Wilson

COMPASS License #01401456

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,951

Year Built

  • Built in 1990

Interior Spaces

  • 5,590 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 7 Parking Spaces
  • Detached Carport Space

Additional Features

  • 0.37 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 511-150-033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,951

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Builders Tract Code: 7020
  • Living Area: 5590
  • Lot Acreage: 0.3700
  • Stories: 1
  • Year Built: 1990
  • Builders Tract Name: Twin Palms
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven, Dishwasher, Microwave
  • Price Per S Q F T: 277.28

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached, Parking Space
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 74.60
  • Assessed Improvement Value: 486283
  • Assessed Land Percent: 25.4
  • Assessed Land Value: 165560
  • Total Assessed Value: 651843
  • Assessor Parcel Number: 511-150-033
  • Lot Size Area: 16117

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.87
  • Number Of Units: 4
  • Total Annual Expense: 26873
  • Type Of Units: Apartments
  • Vacancy Rate: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2024
Closed on
Nov 20, 2024
Sold by
Martvest Inc and Martin Carolyn Elaine
Bought by
Low Perry
Seller's Agent
Jade Devitt
PLG Estates
Buyer's Agent
James Wilson
COMPASS
List Price
$1,550,000
Sold Price
$1,475,000
Premium/Discount to List
-$75,000
-4.84%
Total Days on Market
16
Views
46
Current Estimated Value
$1,481,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,959
Avg. Annual Appreciation
0.89%
Original Mortgage
$1,032,500
Outstanding Balance
$1,028,603
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$453,356

Purchase Details

Closed on
Oct 7, 2004
Sold by
Martin Roger W and Martin Carolyn E
Bought by
Martin Roger Wayne and Martin Carolyn Elaine

Purchase Details

Closed on
Apr 14, 2003
Sold by
Martvest Inc
Bought by
Martin Roger W and Martin Carolyn E
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 Type Sale Price Title Company
Grant Deed $1,475,000 First American Title
Grant Deed $1,475,000 First American Title
Quit Claim Deed -- First American Title
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,032,500 New Conventional
Closed $1,032,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $1,475,000 -4.8% $264 / Sq Ft
11/02/2024 11/02/24 Pending -- -- --
10/17/2024 10/17/24 For Sale $1,550,000 -- $277 / Sq Ft
Source: The MLS

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
2023 $8,951 $639,063 $162,314 $476,749
2022 $9,115 $626,533 $159,132 $467,401
2021 $8,947 $614,249 $156,012 $458,237
2020 $8,580 $607,952 $154,413 $453,539
2019 $8,445 $596,033 $151,386 $444,647
2018 $8,302 $584,347 $148,418 $435,929
2017 $8,190 $572,890 $145,508 $427,382
2016 $7,972 $561,657 $142,655 $419,002
2015 $7,614 $553,222 $140,513 $412,709
2014 $7,464 $542,387 $137,761 $404,626
Source: Public Records

Agents Affiliated with this Home

  • Jade Devitt

    Seller's Agent in 2024

    Jade Devitt

    PLG Estates

    (323) 806-5020

    1 in this area

    16 Total Sales

    Jade Devitt
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jason Boritz

    PLG Estates

    (323) 378-9259

    1 in this area

    4 Total Sales

    Jason Boritz
    Section Image

  • J

    Buyer's Agent in 2024

    James Wilson

    COMPASS

    (626) 205-4040

    2 in this area

    16 Total Sales

    James Wilson
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-454125

The MLS

APN: 511-150-033

California Riverside County Palm Springs 92264 Twin Palms

1965 S Camino Real, Palm Springs, CA

This home is located at 1965 S Camino Real, Palm Springs, CA 92264 and is currently priced at $1,475,000, approximately $263 per square foot. This property was built in 1990. 1965 S Camino Real is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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