NOT LISTED FOR SALE

Estimated Value: $688,000 - $905,000

4 Beds
4 Baths
2,000 Sq Ft
$414/Sq Ft Est. Value

Last Sold January 03, 2019

Last sale price $545,000 $272 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,120/month

108 Days on Market

Highlights

  • Heated In Ground Pool
  • Midcentury Modern Architecture
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Views
  • Central Air

About This Home

As of January 2019

Exceptional 1940's Moderne Architecture. Early Mid-Century Modern 4-Plex retains its original architectural integrity and is located in the desirable Little Tuscany neighborhood of Palm Springs. The property houses four ONE Bed / ONE Bath units. Each unit is individually metered for electric. House meters are: water, gas and electric; house electric meter covers exterior lighting, pool and laundry. Recent upgrades and renovations include front security gate, new electric service (solar ready and upgraded to 100amps), upgraded irrigation system, new community mailboxes, new AC and heating in units 2 and 3, ambient garden lighting, all authentic Mid-Century exterior lighting fixtures, new pool pump, new hot water heater and more! Units 1, 2 and 3 have private back patios. All units face the lush spacious courtyard and pool which offers spectacular mountain views. Currently the property has 100% occupancy.

Last Agent to Sell the Property

John Barnett

Barnett California Realty License #01857927 Listed on: 09/14/2018

Last Buyer's Agent

Vanessa Renteria

eXp Realty of Greater Los Angeles License #01981966

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,409

Year Built

  • Built in 1948

Lot Details

  • 0.29 Acre Lot

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool

Utilities

  • Central Air
  • Wall Furnace
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, water, pool service, gardener, gas
  • Assessor Parcel Number 504060020

Community Details

Overview

  • 4 Units
  • Chino Canyon Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,152
  • Trash Expense $88
  • Gross Income $3,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,409

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 139750.00
  • Builders Tract Code: Chino Canyon
  • Building Style: Mid Century
  • List Price per Sq Ft: 279.50
  • Lp Sp Ratio: 0.9750
  • Year Built: 1948
  • Internal Listing I D: 20190608184817103076000000
  • Listing I D: 218025460
  • Listing Office Address: 777 ETahquitz Canyon Way, Suite 200-170, Palm Springs, CA 92262
  • Listing Office Fax: (760) 841-4000
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 6850 Lincoln Ave, Suite 200, Buena Park, CA 90620
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: Chino Canyon
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry Equipment: Lease
  • Laundry: Community
  • Estimated Sq Ft: 2000.00

Exterior Features

  • Roofing: Flat
  • Pool: Yes
  • Pool Accessories: Safety Fence, Safety Gate
  • Pool Construction: Gunite, In Ground
  • Pool Description: Not Heated
  • Pool Location: Community
  • View: Yes

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Number Gas Meter: 1
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 504060020
  • Lot Size: 12800.00

Rental Info

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

Tax Info

  • Annual Tax: 6409.32
  • Tax Year: 2017

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2018
Closed on
Dec 19, 2018
Sold by
Ripaldi Carl Peter
Bought by
Sanchez Figueras Ginette Suzanne and Sanchez Figueras Alberto
Seller's Agent
John Barnett
Barnett California Realty
Buyer's Agent
Vanessa Renteria
eXp Realty of Greater Los Angeles
List Price
$627,840
Sold Price
$545,000
Premium/Discount to List
-$82,840
-13.19%
Current Estimated Value
$828,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,022
Avg. Annual Appreciation
7.08%

Purchase Details

Listed on
Jan 22, 2016
Closed on
Apr 1, 2016
Sold by
Davis Stephen H and Davis Victoria C
Bought by
Ripaldi Carl Peter
Seller's Agent
John Barnett
Barnett California Realty
Buyer's Agent
Jason Cochran
eXp Realty of California, Inc.
List Price
$429,000
Sold Price
$405,500
Premium/Discount to List
-$23,500
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$303,750
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 5, 2014
Closed on
Mar 12, 2015
Sold by
Davis Stephen H
Bought by
Davis Family Trust
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
John Barnett
Barnett California Realty
List Price
$299,900
Sold Price
$322,500
Premium/Discount to List
$22,600
7.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.22%

Purchase Details

Listed on
Dec 5, 2014
Closed on
Mar 11, 2015
Sold by
Davis Victoria C
Bought by
Davis Stephen H
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
John Barnett
Barnett California Realty
List Price
$299,900
Sold Price
$322,500
Premium/Discount to List
$22,600
7.54%

Purchase Details

Listed on
Dec 5, 2014
Closed on
Mar 9, 2015
Sold by
California Sands Llc
Bought by
Davis Stephen H
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
John Barnett
Barnett California Realty
List Price
$299,900
Sold Price
$322,500
Premium/Discount to List
$22,600
7.54%

Purchase Details

Listed on
Dec 5, 2014
Closed on
Mar 2, 2015
Sold by
Druxman Barry
Bought by
California Sands Llc
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
John Barnett
Barnett California Realty
List Price
$299,900
Sold Price
$322,500
Premium/Discount to List
$22,600
7.54%

Purchase Details

Closed on
Dec 1, 2011
Sold by
U S Bank National Association
Bought by
Druxman Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2011
Sold by
Gallagher Daniel
Bought by
Bank Of America National Association

Purchase Details

Closed on
Mar 8, 2005
Sold by
King Wayne W
Bought by
Gallagher Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,235
Interest Rate
5.47%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 15, 2002
Sold by
Capel Arlette
Bought by
King Wayne W

Purchase Details

Closed on
Aug 22, 2001
Sold by
Klein Edmund Sam and Klein Claude Helene
Bought by
Capel Arlette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 1999
Sold by
Klein Ed
Bought by
Klein Edmund Sam and Klein Claude Helene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 1998
Sold by
Hud
Bought by
Klein Ed

Purchase Details

Closed on
Apr 27, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Sep 12, 1996
Sold by
Mcevilly Walter W and Mcevilly Ronald E
Bought by
Reed Lyle and Morgan Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,518
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 1996
Sold by
Mcevilly Walter Wayne
Bought by
Mcevilly Walter Wayne and Martinez Ronald E S

Purchase Details

Closed on
Aug 19, 1994
Sold by
Martinez Ronald E S
Bought by
Mcevilly Walter Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Sanchez Figueras Ginette Suzanne $545,000 Lawyers Title Company
Ripaldi Carl Peter $405,000 Lawyers Title Company
Davis Family Trust -- Chicago Title Company
Davis Stephen H -- Chicago Title Company
Davis Stephen H $322,500 Chicago Title Company
California Sands Llc -- None Available
Druxman Barry $185,000 Lsi Title Company
Bank Of America National Association $191,613 Accommodation
Gallagher Daniel $500,000 Orange Coast Title Co
King Wayne W $184,000 Orange Coast Title
Capel Arlette $153,000 Fidelity National Title Ins
Klein Edmund Sam -- Investors Title Company
Klein Ed $78,500 --
Hud -- Ati Title Company
Norwest Mtg Inc $134,553 Ati Title Company
Reed Lyle $124,000 Orange Coast Title
Mcevilly Walter Wayne -- --
Mcevilly Walter Wayne -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ripaldi Carl Peter $303,750
Previous Owner Druxman Barry $138,750
Previous Owner Gallagher Daniel $374,500
Previous Owner Gallagher Daniel $239,235
Previous Owner Capel Arlette $122,400
Previous Owner Klein Edmund Sam $71,250
Previous Owner Reed Lyle $123,518
Previous Owner Mcevilly Walter Wayne $80,000
Closed Capel Arlette $15,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2019 01/03/19 Sold $545,000 -13.2% $273 / Sq Ft
12/31/2018 12/31/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $627,840 +54.8% $314 / Sq Ft
05/20/2016 05/20/16 Sold $405,500 -5.5% $203 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
01/22/2016 01/22/16 For Sale $429,000 +33.0% $215 / Sq Ft
03/13/2015 03/13/15 Sold $322,500 +7.5% $161 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
12/05/2014 12/05/14 For Sale $299,900 -- $150 / Sq Ft
Source: California Desert Association of REALTORS®

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 $8,492 $607,952 $122,704 $485,248
2023 $8,492 $584,347 $117,941 $466,406
2022 $8,643 $572,890 $115,629 $457,261
2021 $8,489 $561,658 $113,362 $448,296
2020 $8,153 $555,900 $112,200 $443,700
2019 $6,595 $429,788 $90,202 $339,586
2018 $6,491 $421,362 $88,434 $332,928
2017 $6,409 $413,100 $86,700 $326,400
2016 $5,253 $327,418 $81,220 $246,198
2015 $3,439 $193,340 $62,704 $130,636
2014 $3,300 $189,555 $61,477 $128,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 218025460

California Desert Association of REALTORS®

APN: 504-060-020