NOT LISTED FOR SALE

Estimated Value: $886,000 - $1,170,000

9 Beds
8 Baths
-- Sq Ft
0.37 Acres

Last Sold February 10, 2022

Last sale price $880,000

Est. 12% increase in value since last sale

Current estimated payment $6,625/month

22 Days on Market

Highlights

  • In Ground Pool
  • Fireplace in Bathroom
  • Tile Flooring
  • 0.37 Acre Lot
  • 6 Car Direct Access Garage
  • Central Heating and Cooling System

About This Home

As of February 2022

Fantastic Income Property located in the Panorama Park area of Cathedral City is not to be missed! This special 4-Plex features 3 bed 2 bath house in the front of the property with a 2 car direct access garage. Fruit trees line the pathway to the 3 additional units. The 2 lower units each include 2 beds 2 baths, direct access to a private garage for each unit. The upstairs unit is 2 beds 2 bath has a private garage. The recently resurfaced large community pool is great for cooling off.

Last Agent to Sell the Property

Teresa Acosta

Compass License #01896740 Listed on: 11/20/2021

Compass

Last Buyer's Agent

Tony Otten

Bennion Deville Homes License #01400038

Bennion Deville Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,066

Lot Details

  • 0.37

Parking

  • 6 Car Direct Access Garage

Home Design

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Bonus Room with Fireplace
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • In Ground Pool
  • 0.37 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for pool service, gardener
  • Assessor Parcel Number 675-111-032

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,066

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Fantastic Income Property located in the Panorama Park area of Cathedral City is not to be missed! This special 4-Plex features 3 bed 2 bath house in the front of the property with a 2 car direct access garage. Fruit trees line the pathway to the 3 additional units. The 2 lower units each include 2 beds 2 baths, direct access to a private garage for each unit. The upstairs unit is 2 beds 2 bath has a private garage. The recently resurfaced large community pool is great for cooling off.
  • Builders Tract Code: 7260
  • Lot Acreage: 0.3700
  • Probate: No
  • Stories: 2
  • Builders Tract Name: Panorama
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Kitchen, Bath, Dining, Bonus Room, Living Room
  • Flooring: Mixed, Tile, Carpet
  • Bedrooms: 9
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven, Dishwasher

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool: Yes
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Direct Entrance, Garage - 1 Car, Garage - 2 Car, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Association/Amenities

  • Amenities: Pool

Lot Info

  • Assessed Improvement Percent: 77.98
  • Assessed Improvement Value: 384214
  • Assessed Land Percent: 22.02
  • Assessed Land Value: 108487
  • Total Assessed Value: 492701
  • Assessor Parcel Number: 675-111-032
  • Lot Size Area: 16117

Rental Info

  • Owner Pays: Pool Service, Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.60
  • Number Of Units: 4
  • Total Annual Expense: 15816
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2023
Sold by
Zito Matthew Stephen
Bought by
28640 Landau Llc
Current Estimated Value
$985,384

Purchase Details

Closed on
Nov 6, 1999
Sold by
Kock Donald
Bought by
Kock Donald
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
28640 Landau Llc -- --
Kock Donald -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $880,000 +10.1% --
12/12/2021 12/12/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $799,000 -- --
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
2025 $15,066 $933,862 $185,711 $748,151
2023 $15,066 $897,600 $178,500 $719,100
2022 $12,140 $686,040 $128,282 $557,758
2021 $9,444 $497,804 $109,610 $388,194
2020 $8,992 $492,701 $108,487 $384,214
2019 $8,719 $483,041 $106,360 $376,681
2018 $8,546 $473,571 $104,275 $369,296
2017 $8,371 $464,286 $102,231 $362,055
2016 $8,153 $455,183 $100,227 $354,956
2015 $7,895 $448,347 $98,722 $349,625
2014 $7,810 $439,566 $96,789 $342,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-107007

The MLS

APN: 675-111-032