NOT LISTED FOR SALE

28716 Landau Blvd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $508,000 - $1,208,944

9 Beds
8 Baths
5,200 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $615,000 $118 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,957/month

13 Days on Market

Highlights

  • Heated In Ground Pool
  • Central Heating
  • Gas Log Fireplace
  • 16,117 Sq Ft lot

About This Home

As of August 2016

Very good looking 4-plex with tiled roof across street from the Desert Princess Country Club. Front house is 1900 sq. ft. 3 bd 2 ba. fireplace and double garage, fenced and gated POOL.Behind the house are 3 condo type apartments. each 1100 sq. ft.with single garages.2bd 2 ba ea. Great location and close to highly rated schools. Walk distance to grocery and more. Tenants are working class professionals. UNITS have all been upgraded with appliances, garage door openers, paint & carpet. Owner has low expenses due to good management. Each unit is in above average condition and they are ALL rented. Especially nice grounds front and courtyard.

Last Agent to Sell the Property

Teri Litton

HomeSmart License #00900016 Listed on: 06/17/2016

HomeSmart

Last Buyer's Agent

Kelly Laule

Better Living SoCal License #01773280

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,140

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot

Parking

  • 5 Car Garage

Home Design

  • Tile Roof

Interior Spaces

  • 5,200 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Fence Around Pool

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 675111041

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Panorama Subdivision

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Gross Income $4,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,140

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level, No Unit Above
  • Price Per Unit: 159975.00
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 123.06
  • Lp Sp Ratio: 0.9611
  • Year Built: 1990
  • Internal Listing I D: 20190608184729179993000000
  • Listing I D: 216018706
  • Listing Member Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Member Fax: (760) 844-7550
  • Listing Office Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 250 El Camino Real, Suite 104, Tustin, CA 92780
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Number Of Disposals: 4
  • Number of Ranges: 4
  • Fireplace Features: Gas Log
  • Total Bedrooms: 9
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Estimated Sq Ft: 5200.00

Exterior Features

  • Roofing: Tile
  • Pool: Yes
  • Pool Accessories: Safety Fence, Safety Gate
  • Pool Construction: In Ground
  • Pool Description: Not Heated
  • Pool Location: Private
  • Paved: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 5.00
  • Parking Info Total Parking Spaces: 7.00

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 675111041
  • Lot Size: 16117.00

Rental Info

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

Multi Family

  • Total Fireplaces: 1
  • Number Of Dishwashers: 4
  • Total Units: 4

Tax Info

  • Annual Tax: 6140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2016
Closed on
Jul 5, 2016
Sold by
The Kathleen M Novarro Family Trust
Bought by
Zunzunegui Julio and Zunzunegui Amy
Seller's Agent
Teri Litton
HomeSmart
Buyer's Agent
Kelly Laule
Better Living SoCal
List Price
$639,900
Sold Price
$615,000
Premium/Discount to List
-$24,900
-3.89%
Current Estimated Value
$918,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,986
Avg. Annual Appreciation
4.53%
Original Mortgage
$438,800
Outstanding Balance
$351,059
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$567,927

Purchase Details

Closed on
Aug 31, 2006
Sold by
Novarro Kathleen Margaret
Bought by
The Kathleen M Novarro Family Trust

Purchase Details

Closed on
Oct 31, 2005
Sold by
Chavez Ramiro Acevedo
Bought by
Acevedo Denice

Purchase Details

Closed on
Oct 18, 2005
Sold by
Purcell Clay Andrew and Purcell Kimberly Ann
Bought by
Acevedo Denice and Acevedo Michelle

Purchase Details

Closed on
Oct 25, 1999
Sold by
Novarro Stephen Barrett
Bought by
Novarro Kathleen Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,300
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 1999
Sold by
Francisco Calderon Ramirez Trust
Bought by
Novarro Kathleen Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,300
Interest Rate
3.85%
Mortgage Type
Commercial
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
Zunzunegui Julio $615,000 None Available
The Kathleen M Novarro Family Trust -- None Available
Acevedo Denice -- Southland Title Inland Empir
Acevedo Denice $375,000 Southland Title Inland Empir
Novarro Kathleen Margaret -- Orange Coast Title Co
Novarro Kathleen Margaret $279,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zunzunegui Julio $438,800
Previous Owner Novarro Kathleen Margaret $526,500
Previous Owner Novarro Kathleen Margaret $335,000
Previous Owner Novarro Kathleen Margaret $195,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $615,000 -3.9% $118 / Sq Ft
06/30/2016 06/30/16 Pending -- -- --
06/17/2016 06/17/16 For Sale $639,900 -- $123 / 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 $11,850 $713,754 $168,282 $545,472
2023 $11,850 $686,041 $161,749 $524,292
2022 $11,392 $672,590 $158,578 $514,012
2021 $10,997 $659,403 $155,469 $503,934
2020 $10,448 $652,642 $153,875 $498,767
2019 $10,213 $639,846 $150,858 $488,988
2018 $10,081 $627,300 $147,900 $479,400
2017 $9,891 $615,000 $145,000 $470,000
2016 $6,338 $337,553 $83,732 $253,821
2015 $6,144 $332,484 $82,475 $250,009
2014 $6,070 $325,972 $80,860 $245,112
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Teri Litton

    HomeSmart

    (760) 861-7900

    44 Total Sales

    Teri Litton
    Section Image
  • Kelly Laule

    Buyer's Agent in 2016

    Kelly Laule

    Better Living SoCal

    (714) 376-0212

    86 Total Sales

    Kelly Laule
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 216018706

California Desert Association of REALTORS®

APN: 675-111-041

California Riverside County Cathedral City 92234 Panorama

28716 Landau Blvd, Cathedral City, CA

This home is located at 28716 Landau Blvd, Cathedral City, CA 92234 since 17 June 2016 and is currently estimated at $918,986, approximately $176 per square foot. This property was built in 1990. 28716 Landau Blvd is a home located in Riverside County with nearby schools including Landau Elementary School, James Workman Middle School, and Cathedral City High School.

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.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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