NOT LISTED FOR SALE

29160 Landau Blvd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $508,000 - $670,000

5 Beds
4 Baths
2,492 Sq Ft
$248/Sq Ft Est. Value

Last Sold December 27, 2018

Last sale price $400,000 $161 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,843/month

51 Days on Market

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • West Facing Home

About This Home

As of December 2018

A great location across from Desert Princess resort. Drive by and take a look but please do not disturb the long term tenants. Seldom available, this duplex consists of one 3 BR, 2 BA apartment and a second 2 BR, 2 BA apartment. Current rents are $1200 per month per unit. Each lease is month to month. Both units have access to their own oversized attached two car garage. Don't miss this great opportunity to own a well cared for income property. The property is presently under professional management by VPM Rents Inc.

Last Agent to Sell the Property

Dick Sacowicz

Re/Max Desert Properties License #01719083 Listed on: 11/01/2018

Re/Max Desert Properties

Last Buyer's Agent

LEON MOLINA

BERKSHIRE HATH HM SVCS CA PROP License #01407620

BERKSHIRE HATH HM SVCS CA PROP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,025

Year Built

  • Built in 2001

Lot Details

  • 8,276 Sq Ft Lot
  • West Facing Home

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 675211040

Community Details

Overview

  • 2 Units
  • Panorama Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $3,675
  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,025

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces West
  • Levels: One
  • Price Per Unit: 216000.00
  • Builders Tract Code: Panorama
  • List Price per Sq Ft: 173.35
  • Lp Sp Ratio: 0.9259
  • Year Built: 2001
  • Internal Listing I D: 20190608184819963810000000
  • Listing I D: 218029780
  • Listing Office Address: 333 N. Palm Canyon Dr,. #102, Palm Springs, CA 92262
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 1365 East 19th Street, Upland, CA 91784
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2492.00

Exterior Features

  • Foundation: Slab
  • Paved: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 2.00
  • Parking Info Total Parking Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 2
  • Number Water Meters: 2
  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water Heater Feature: Gas
  • Number Gas Meter: 2
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 675211040
  • Lot Size: 8276.00

Rental Info

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

Multi Family

  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2024
Sold by
Lopez Miguel
Bought by
Lopez Miguel and Alvarez Ana Lilia
Current Estimated Value
$616,924

Purchase Details

Listed on
Nov 1, 2018
Closed on
Dec 19, 2018
Sold by
Pensco Trust Company Llc
Bought by
Thompson Grant L and Lopez Miguel A
Seller's Agent
Dick Sacowicz
Re/Max Desert Properties
Buyer's Agent
LEON MOLINA
BERKSHIRE HATH HM SVCS CA PROP
List Price
$432,000
Sold Price
$400,000
Premium/Discount to List
-$32,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%

Purchase Details

Listed on
Jul 8, 2013
Closed on
Sep 5, 2013
Sold by
Hardy Lyman
Bought by
Pensco Trust Company Llc and Patrick M Rogers Ira
Seller's Agent
Angela Maciel-Gibbons
RE/MAX Consultants
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$299,403
Sold Price
$285,000
Premium/Discount to List
-$14,403
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%
Original Mortgage
$135,000
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2010
Sold by
Hardy Lyman
Bought by
The Lyman L Hardy Personal Trust

Purchase Details

Closed on
Jan 28, 2010
Sold by
Hutchins Lorene
Bought by
Hardy Lyman

Purchase Details

Closed on
Feb 5, 2004
Sold by
Hardy Lynn R
Bought by
Hardy Lynn R and Trust B Of The Lynn R & Juanita P Hardy

Purchase Details

Closed on
Jul 25, 2001
Sold by
Big Valley Development Inc
Bought by
Hardy Lynn R and Hardy Juanita P

Purchase Details

Closed on
Mar 7, 2001
Sold by
Yauw Thomas Tse Hwa and Yauw Susanna Lim Bee San
Bought by
Big Valley Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
7.09%
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
Lopez Miguel -- None Listed On Document
Lopez Miguel -- None Listed On Document
Thompson Grant L $400,000 First American Title
Pensco Trust Company Llc $270,000 Equity Title Company
The Lyman L Hardy Personal Trust -- None Available
Hardy Lyman -- None Available
Hardy Lynn R -- --
Hardy Lynn R $245,000 Southland Title Corporation
Big Valley Development $80,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pensco Trust Company Llc $135,000
Previous Owner Big Valley Development Inc $143,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2018 12/27/18 Sold $400,000 -7.4% $161 / Sq Ft
12/22/2018 12/22/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $432,000 +51.6% $173 / Sq Ft
10/18/2013 10/18/13 Sold $285,000 -4.8% $114 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $299,403 -- $120 / 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 $7,025 $446,204 $111,550 $334,654
2023 $7,025 $428,879 $107,219 $321,660
2022 $6,792 $420,470 $105,117 $315,353
2021 $6,571 $412,226 $103,056 $309,170
2020 $6,239 $408,000 $102,000 $306,000
2019 $6,104 $400,000 $100,000 $300,000
2018 $4,757 $290,884 $58,175 $232,709
2017 $4,666 $285,182 $57,035 $228,147
2016 $4,542 $279,591 $55,917 $223,674
2015 $4,393 $275,393 $55,078 $220,315
2014 $4,414 $270,000 $54,000 $216,000
Source: Public Records

Agents Affiliated with this Home

  • Dick Sacowicz

    Seller's Agent in 2018

    Dick Sacowicz

    RE/MAX

    (760) 861-0952

    9 Total Sales

    Dick Sacowicz
    Section Image

  • L

    Buyer's Agent in 2018

    LEON MOLINA

    BERKSHIRE HATH HM SVCS CA PROP

    (760) 617-8338

    23 Total Sales

    LEON MOLINA
    Section Image

  • A

    Seller's Agent in 2013

    Angela Maciel-Gibbons

    RE/MAX

  • O

    Buyer's Agent in 2013

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 218029780

California Desert Association of REALTORS®

APN: 675-211-040

California Riverside County Cathedral City 92234 Panorama

29160 Landau Blvd, Cathedral City, CA

This home is located at 29160 Landau Blvd, Cathedral City, CA 92234 since 01 November 2018 and is currently estimated at $616,924, approximately $247 per square foot. This property was built in 2001. 29160 Landau Blvd is a home located in Riverside County with nearby schools including Landau Elementary School, James Workman Middle School, and Rancho Mirage High.

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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