$750,000
SOLD APR 22, 2025
-- Bed
6 Baths
-- Sq Ft
20,038 Sq Ft Lot

Sale Details

Date Sold: April 22, 2025

32% Below List Price

488 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Mountain View
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Side by Side Parking

About This Home

As of April 2025

Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.

Last Agent to Sell the Property

Ttk Represents

Compass License #01327863 Listed on: 05/29/2024

Compass

Last Buyer's Agent

Michael Murphy

Michael Murphy, Broker License #01100519

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 20,038 Sq Ft Lot

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 6 Bathrooms
  • 1-Story Property
  • Mountain Views
  • Oven or Range
  • Laundry Located Outside

Parking

  • 6 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 504-300-007

Community Details

Overview

  • 6 Units
  • Utopia Management Association

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.46 Acres

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Lot Acreage: 0.4600
  • Stories: 1
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: Attached
  • Laundry: Community, Outside
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven

Exterior Features

  • Other Structures: None
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Side By Side, Unassigned, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Condo/Co-op/Association

  • Management Company: Utopia Management
  • Mgmt Co Phone: 7603249999|1341

Lot Info

  • Assessed Improvement Percent: 71.07
  • Assessed Improvement Value: 587823
  • Assessed Land Percent: 28.93
  • Assessed Land Value: 239293
  • Total Assessed Value: 827116
  • Assessor Parcel Number: 504-300-007
  • Lot Size Area: 20038

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.72
  • Number Of Units: 6
  • Type Of Units: Apartments
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2025 04/22/25 Sold $750,000 -11.8% --
02/04/2025 02/04/25 Pending -- -- --
09/03/2024 09/03/24 Price Changed $850,000 -14.9% --
06/13/2024 06/13/24 Price Changed $999,000 -8.8% --
05/29/2024 05/29/24 For Sale $1,095,000 0.0% --
04/02/2024 04/02/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $1,095,000 0.0% --
12/24/2023 12/24/23 Pending -- -- --
11/30/2023 11/30/23 For Sale $1,095,000 0.0% --
11/08/2023 11/08/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $1,095,000 -8.4% --
10/05/2023 10/05/23 For Sale $1,195,000 +50.3% --
01/15/2021 01/15/21 Sold $795,000 0.0% -- View Prior Sale
01/15/2021 01/15/21 Sold $795,000 +1.3% $331 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
11/17/2020 11/17/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $785,000 0.0% --
11/03/2020 11/03/20 For Sale $785,000 0.0% $327 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $785,000 +141.5% $327 / Sq Ft
06/17/2014 06/17/14 Sold $325,000 -18.5% $135 / Sq Ft View Prior Sale
05/28/2014 05/28/14 Pending -- -- --
04/16/2014 04/16/14 For Sale $399,000 -- $166 / Sq Ft
Source: The MLS

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 $12,015 $860,529 $248,959 $611,570
2023 $12,015 $827,116 $239,293 $587,823
2022 $12,228 $810,899 $234,601 $576,298
2021 $6,503 $368,057 $226,498 $141,559
2020 $6,283 $364,284 $224,176 $140,108
2019 $6,202 $357,142 $219,781 $137,361
2018 $6,115 $350,140 $215,472 $134,668
2017 $6,047 $343,276 $211,248 $132,028
2016 $5,892 $336,546 $207,106 $129,440
2015 $5,589 $331,493 $203,996 $127,497
2014 $3,948 $207,440 $120,640 $86,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-317851

The MLS

APN: 504-300-007

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