$595,000
SOLD NOV 1, 2024
6 Beds
4 Baths
2,710 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$220 Per Sq Ft

1% Below List Price

49 Days on Market

Highlights

  • Mountain View
  • 1-Story Property
  • Family Room
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of November 2024

Phenomenal opportunity to own an income property in Cathedral City. Priced to sell quickly under $300K per door, both units occupied with long term tenants. Each unit boasting 3 bedrooms, 2 bathrooms and each unit has a 2 car garage. Great location, close to schools and minutes from down town Palm Springs. Tremendous upside, low expenses, and easy maintenance. Great Opportunity to own 3 income producing properties as MLS #219116562 is for sale and MLS #219116561 is also for sale.

Last Agent to Sell the Property

Mitchell Matthews

Re/Max Desert Properties License #01930882 Listed on: 09/11/2024

Re/Max Desert Properties

Last Buyer's Agent

Ron Lindemann

Desert Sotheby's International Realty License #01316413

Desert Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,242

Year Built

  • Built in 2000

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Duplex
  • "S" Clay Tile Roof

Interior Spaces

  • 2,710 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Tile Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Schools

  • Landau Elementary School

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, water, gas
  • The owner pays for gardener, trash collection
  • Assessor Parcel Number 675251028

Community Details

Overview

  • 2 Units
  • Panorama Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,242

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Property Attached/Detached: No
  • Levels: One
  • List Price per Sq Ft: 221.03
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s)
  • Year Built: 2000
  • Internal Listing I D: 20240911023816917704000000
  • Listing I D: 219116558
  • Listing Office Address: 1775 E. Palm Canyon Dr. #610, Palm Springs, CA 92264
  • Listing Office Fax: (760) 841-0917
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 2
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2710.00

Exterior Features

  • Roofing: Clay Tile
  • View: Yes

Garage/Parking

  • Parking: Driveway
  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 4.00

Utilities

  • Number Electric Meters: 2
  • Number Water Meters: 1
  • Cooling Type: Central Air
  • Heating: Central
  • Sewer: In Street Paid
  • Number Gas Meter: 2

Lot Info

  • Assessor Parcel Number: 675251028
  • Lot Size: 7405.00

Rental Info

  • Owner Pays: Gardener, Trash Collection
  • Tenant Pays: Electricity, Water, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 2

MLS Schools

  • Elementary School: Landau
  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 10, 2024
Sold by
Frank J Walters Revocable Trust and Yates Jeremy P
Bought by
Rodriguez Gumesindo Acevedo and Rodriguez Honoria Jimenez
Seller's Agent
Mitchell Matthews
Re/Max Desert Properties
Buyer's Agent
Ron Lindemann
Desert Sotheby's International Realty
List Price
$599,000
Sold Price
$595,000
Premium/Discount to List
-$4,000
-0.67%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.55%
Original Mortgage
$446,250
Outstanding Balance
$442,239
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$294,498

Purchase Details

Closed on
Jan 10, 2023
Sold by
Walters Frank J and Walters Shirley A
Bought by
Frank J Walters Revocable Trust

Purchase Details

Listed on
May 3, 2012
Closed on
Jun 13, 2012
Sold by
The Bank Of New York
Bought by
Walters Frank J and Walters Shirley A
Seller's Agent
Steven Lockwood
HomeSmart Professionals
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$173,000
Sold Price
$240,000
Premium/Discount to List
$67,000
38.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
Apr 6, 2012
Sold by
Sangiordi Marco J
Bought by
The Bank Of New York

Purchase Details

Closed on
Jun 1, 2005
Sold by
Sangiorgi Marco J
Bought by
Sangiorgi Marco J and Marco J Sangiorgi Revocable Trust

Purchase Details

Closed on
Feb 21, 2001
Sold by
Garcia Modesto
Bought by
Sangiorgi Marco J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2000
Sold by
Perez Lorena
Bought by
Garcia Modesto

Purchase Details

Closed on
Sep 8, 2000
Sold by
Schuster Harold Wilbur and Schuster Yvonne Marc
Bought by
Garcia Modesto
Source: Public Records

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Range of Values:

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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 $595,000 Wfg National Title
Quit Claim Deed -- --
Grant Deed $240,000 Ticor Title
Trustee Deed $395,133 None Available
Interfamily Deed Transfer -- --
Grant Deed $200,000 Benefit Land Title Ins Co
Interfamily Deed Transfer -- Benefit Land Title Ins Co
Grant Deed $25,000 Benefit Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $446,250 New Conventional
Previous Owner $326,250 Unknown
Previous Owner $180,700 Commercial
Previous Owner $175,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2025 07/12/25 Price Changed $777,777 -2.8% $287 / Sq Ft
06/11/2025 06/11/25 Price Changed $799,999 -1.2% $295 / Sq Ft
04/24/2025 04/24/25 Price Changed $809,999 -1.2% $299 / Sq Ft
04/04/2025 04/04/25 Price Changed $819,999 -2.4% $303 / Sq Ft
03/07/2025 03/07/25 Price Changed $839,999 -1.2% $310 / Sq Ft
01/14/2025 01/14/25 For Sale $849,999 +42.9% $314 / Sq Ft
11/01/2024 11/01/24 Sold $595,000 -0.7% $220 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $599,000 +149.6% $221 / Sq Ft
06/21/2012 06/21/12 Sold $240,000 +38.7% $89 / Sq Ft
06/15/2012 06/15/12 Pending -- -- --
05/03/2012 05/03/12 For Sale $173,000 -- $64 / 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 $5,242 $1,015,000 $175,000 $840,000
2023 $5,242 $289,733 $57,943 $231,790
2022 $5,016 $284,053 $56,807 $227,246
2021 $4,833 $278,485 $55,694 $222,791
2020 $4,594 $275,630 $55,123 $220,507
2019 $4,488 $270,227 $54,043 $216,184
2018 $4,434 $264,930 $52,984 $211,946
2017 $4,348 $259,737 $51,946 $207,791
2016 $4,233 $254,645 $50,928 $203,717
2015 $4,096 $250,822 $50,164 $200,658
2014 $4,051 $245,910 $49,182 $196,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219116558

California Desert Association of REALTORS®

APN: 675-251-028