NOT LISTED FOR SALE

Estimated Value: $555,880 - $627,000

6 Beds
3.5 Baths
2,404 Sq Ft
$240/Sq Ft Est. Value

Last Sold May 02, 2023

Last sale price $525,000 $218 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,766/month

7 Days on Market

Highlights

  • Mountain View
  • Living Room
  • 1-Story Property
  • Side by Side Parking
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of May 2023

Looking for a lucrative real estate investment opportunity? Look no further than this duplex in Cathedral City, California! Located in the heart of the Coachella Valley, this duplex offers the perfect combination of location, affordability, and potential for rental income. With two units, you can maximize your investment and generate passive income while still maintaining ownership of the property.But the benefits of owning a duplex in Cathedral City don't stop there. You'll also enjoy the city's abundant sunshine, stunning mountain views, and close proximity to world-class golf courses, spas, and entertainment venues. And with its convenient location just minutes from Palm Springs and other nearby attractions, you'll never run out of things to see and do.Whether you're a first-time investor or a seasoned pro, duplexes in Cathedral City offer a smart and sustainable investment opportunity that's hard to beat. So why wait? Contact us today to learn more about available duplexes in this thriving community and start building your real estate portfolio today! With established long term tenants on well below market month-to-month leases. Both units are generously-sized 3 bedroom and 2 bath with laundry areas, attached garages and individual yards and just waiting for your style updates!

Last Agent to Sell the Property

Joel Handshuh

The Firm Brokerage License #02162825 Listed on: 03/09/2023

Last Buyer's Agent

Paige Maccio-Smith

HomeSmart Professionals License #01956853

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,475

Year Built

  • Built in 1985

Lot Details

  • 6,969 Sq Ft Lot

Interior Spaces

  • 2,404 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room
  • Mountain Views
  • Security Lights

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 2 Car Garage
  • 6 Parking Garage Spaces
  • Side by Side Parking
  • Garage Door Opener
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 680371048

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,475

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: Yes
  • Levels: One
  • List Price per Sq Ft: 210.07
  • Lp Sp Ratio: 1.0400
  • View Type: Mountain(s)
  • Year Built: 1985
  • Internal Listing I D: 20230310205830303272000000
  • Listing I D: 219091997
  • Listing Member Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • Listing Office Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • List Office Board Code: Palm Springs Association of Realtors
  • Selling Office Address: 47060 Washington Street, #5101, La Quinta, CA 92253
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Total Bedrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 2404.00

Exterior Features

  • View: Yes

Garage/Parking

  • Parking: Driveway, Side By Side, Garage Door Opener
  • Parking Info Total Garage Spaces: 2.00
  • Parking Info Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 6.00

Utilities

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

Lot Info

  • Assessor Parcel Number: 680371048
  • Lot Size: 6969.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Mar 30, 2023
Sold by
Pueblo Trail Llc
Bought by
Kniess Robert and Kantanapakdee Sunchai
Seller's Agent
Joel Handshuh
The Firm Brokerage
Buyer's Agent
Paige Maccio-Smith
HomeSmart Professionals
List Price
$505,000
Sold Price
$525,000
Premium/Discount to List
$20,000
3.96%
Current Estimated Value
$576,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,720
Avg. Annual Appreciation
4.01%
Original Mortgage
$420,000
Outstanding Balance
$408,761
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$166,200

Purchase Details

Closed on
Jun 7, 2022
Sold by
Kurdian Paul M
Bought by
Pueblo Trail Llc

Purchase Details

Closed on
Dec 13, 2021
Sold by
Mcdermott Samantha
Bought by
Kurdian Paul M

Purchase Details

Closed on
Oct 13, 2021
Sold by
Pueblo Trail Llc
Bought by
Kurdian Paul M

Purchase Details

Listed on
Oct 31, 2017
Closed on
Feb 8, 2018
Sold by
Kurdian Paul
Bought by
Puebo Trail Llc
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$299,999
Sold Price
$312,972
Premium/Discount to List
$12,973
4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%

Purchase Details

Listed on
Oct 31, 2017
Closed on
Nov 16, 2017
Sold by
Dias Alan M and Manders Jennie
Bought by
Kurdian Paul
Seller's Agent
Jenell VanDenBos
Bennion Deville Homes
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$299,999
Sold Price
$312,972
Premium/Discount to List
$12,973
4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2009
Sold by
Dias Alan M and Manders Jennie
Bought by
Dias Alan M and Manders Jennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2009
Sold by
Us Bank National Association
Bought by
Dias Alan M and Manders Jennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.05%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2009
Sold by
Medina Mary Lou and Hernandez Miguel Medina
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 24, 2006
Sold by
Medina Salvador and Hernandez Miguel Medina
Bought by
Hernandez Miguel Medina and Medina Mary Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2004
Sold by
Medina Salvador
Bought by
Medina Salvador and Hernandez Miguel Medina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2003
Sold by
Loera Audencio C
Bought by
Castaneda Ninfa A

Purchase Details

Closed on
Apr 25, 2003
Sold by
Medina Delfina
Bought by
Medina Salvador

Purchase Details

Closed on
Feb 15, 2003
Sold by
Castaneda Ninfa A and Cartaneda Ninfa A
Bought by
Medina Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1997
Sold by
Loera Audencio C
Bought by
Cartaneda Ninfa A

Purchase Details

Closed on
Dec 11, 1995
Sold by
Sharp Wayne and Sharp Erika
Bought by
Cartaneda Ninfa A and Loera Audencio C
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
Kniess Robert $525,000 First American Title
Pueblo Trail Llc -- None Listed On Document
Kurdian Paul M -- First American Title Company
Kurdian Paul M -- First American Title Company
Puebo Trail Llc -- None Available
Kurdian Paul $313,000 Orange Coast Title
Dias Alan M -- None Available
Dias Alan M $180,500 Orange Coast Title Lender Se
Us Bank National Association $195,000 Accommodation
Hernandez Miguel Medina -- Stewart Title Guaranty
Medina Salvador -- Lawyers Title Company
Castaneda Ninfa A -- Commerce Title
Medina Salvador -- Commerce Title
Medina Salvador $237,000 Commerce Title
Cartaneda Ninfa A -- --
Cartaneda Ninfa A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kniess Robert $420,000
Previous Owner Kurdian Paul $219,000
Previous Owner Dias Alan M $95,000
Previous Owner Hernandez Miguel Medina $300,000
Previous Owner Medina Salvador $257,000
Previous Owner Medina Salvador $189,600
Closed Medina Salvador $47,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Sold $525,000 +4.0% $218 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $505,000 +61.4% $210 / Sq Ft
01/08/2018 01/08/18 Sold $312,972 +4.3% $130 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
10/31/2017 10/31/17 For Sale $299,999 -- $125 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $7,475 $546,210 $135,252 $410,958
2023 $7,475 $342,275 $85,567 $256,708
2022 $4,994 $335,565 $83,890 $251,675
2021 $4,841 $328,987 $82,246 $246,741
2020 $4,568 $325,614 $81,403 $244,211
2019 $4,459 $319,230 $79,807 $239,423
2018 $2,982 $204,305 $51,044 $153,261
2017 $2,918 $200,300 $50,044 $150,256
2016 $2,827 $196,373 $49,063 $147,310
2015 $2,720 $193,426 $48,327 $145,099
2014 $2,693 $189,638 $47,381 $142,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219091997

Greater Palm Springs Multiple Listing Service

APN: 680-371-048