NOT LISTED FOR SALE

Estimated Value: $651,000 - $790,681

3 Beds
2 Baths
2,100 Sq Ft
$353/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $747,400 $356 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,819/month

6 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Hiking Trails
  • City Lights View
  • No HOA
  • Tile Countertops

About This Home

As of September 2023

Excellent Investor Opportunity: $64,200 Annual Income. $5350.00 monthly rental income. GRM 12%. Low Operating Expenses $14,466 Profitable NOI $49734.00. 2-unit Duplex 6 bedrooms 4 full bathrooms both have large 2-car garages with additional driveway parking spots. Renovated and updated July 2023, 100% occupied with new 12-month leases as of July and August 2023. The renovation includes New Roof, all new paint both interior and exterior, each unit has all appliances, a Private Washer & Dryer included in the garage, ceiling fans in the living rooms and some bedrooms, newer bathroom vanities, and LED lighting inside and out. Special Features: Spacious private backyards, maintenance-free front patio play or dining area, and new landscaping. Great location, easy access to all major roads and highways throughout the Coachella Valley, and strong employment opportunities. The neighborhood includes beautiful parks, schools, shopping, entertainment centers for easy living, a nearby casino, and golf courses. High demand for rental housing, and long-term multiple-year tenancies are common in this area.

Last Agent to Sell the Property

Tim Austin

Broker Groves, Inc License #01196088 Listed on: 08/08/2023

Last Buyer's Agent

Sean Hwangbo

RE/MAX TIME REALTY License #01945497

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,886

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Redwood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • City Lights
  • Mountain

Home Design

  • Duplex
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Insulated Doors
  • Living Room
  • Tile Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 245
  • Tax Tract Number 44
  • Assessor Parcel Number 680441035
  • $1,264 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units
  • Mountainous Community

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,836
  • Water Sewer Expense $3,000
  • Operating Expense $14,466
  • Gross Income $64,200
  • Net Operating Income $49,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,886

Year Built

Built in 1984 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 760-310-5485
  • Price Per Unit: 385200
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R204M
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 680441035
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Recessed Lighting, Tile Counters
  • Stories: 1
  • Entry Location: Pueblo Trail
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 355.90
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • View: City Lights, Mountain(s)
  • Fence: Yes
  • Fencing: Block, Redwood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Golf, Hiking, Park, Mountainous, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 64200.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 1836.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 49734.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14466.00
  • Rent Control: Yes
  • Total Expenses: 14466.00

Tax Info

  • Tax Census Tract: 449.07
  • Tax Lot: 245
  • Tax Tract Number: 044...
  • TaxOtherAnnualAssessmentAmount: 1264.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Aug 31, 2023
Sold by
Pueblo Trails Properties Llc
Bought by
Diaz Benjamin Uribe and Uribe Lorena Cortez
Seller's Agent
Tim Austin
Broker Groves, Inc
Buyer's Agent
Sean Hwangbo
RE/MAX TIME REALTY
List Price
$770,400
Sold Price
$747,400
Premium/Discount to List
-$23,000
-2.99%
Views
25
Current Estimated Value
$740,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,480
Avg. Annual Appreciation
-0.44%
Original Mortgage
$146,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2022
Closed on
May 30, 2022
Sold by
Austin Mary C
Bought by
Austin Tim
Seller's Agent
Angie Torres
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Travis Baron
J Baron Inc
List Price
$649,000
Sold Price
$549,900
Premium/Discount to List
-$99,100
-15.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.62%
Original Mortgage
$50,000
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 14, 2022
Closed on
May 9, 2022
Sold by
Anderson Maria
Bought by
Austin Tim
Seller's Agent
Angie Torres
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Travis Baron
J Baron Inc
List Price
$649,000
Sold Price
$549,900
Premium/Discount to List
-$99,100
-15.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 17, 2011
Sold by
Vazquez Rafael
Bought by
Anderson Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,874
Interest Rate
4.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2010
Sold by
Vazquez Maria A
Bought by
Anderson Maria

Purchase Details

Closed on
Oct 30, 2009
Sold by
The Bank Of New York
Bought by
Vazquez Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2009
Sold by
Jimenez Juan
Bought by
The Bank Of New York

Purchase Details

Closed on
Nov 14, 2006
Sold by
Jimenez Esmeralda
Bought by
Jimenez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
9.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2006
Sold by
Ramirez Laura
Bought by
Jimenez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
9.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2003
Sold by
Ramirez Laura and Pedraza Jose A
Bought by
Ramirez Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,100
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2000
Sold by
Pedraza Irene A
Bought by
Pedraza Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,078
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 11, 1999
Sold by
Sharp Wayne & Erika Trustee and Sharp Family Trust
Bought by
Despras Michel

Purchase Details

Closed on
Jan 22, 1998
Sold by
Acosta Manuel and Powell Keith Baden
Bought by
Sharp Wayne and Sharp Erika

Purchase Details

Closed on
Sep 4, 1997
Sold by
Wayne Sharp and Wayne Erika Sharp
Bought by
Acosta Manuel and Powell Keith Baden

Purchase Details

Closed on
Aug 4, 1997
Sold by
Barbera Francis G and Barbera John Joseph
Bought by
Sharp Wayne and Sharp Erika

Purchase Details

Closed on
Dec 12, 1995
Sold by
Sharp Wayne and Sharp Erika
Bought by
Barbera Francis G and Barbera John Joseph
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
Diaz Benjamin Uribe $747,500 Lawyers Title
Austin Tim -- None Listed On Document
Austin Tim $550,000 Landwood Title
Anderson Maria -- Ticor Title Company Of Ca
Anderson Maria $160,000 Ticor Title
Vazquez Maria A $160,000 Landsafe Title
The Bank Of New York $152,957 Landsafe Title
Jimenez Juan -- Fidelity Natl Title Ins Co
Jimenez Juan $406,000 Fidelity Natl Title Ins Co
Ramirez Laura -- Fidelity National Title
Pedraza Jose A -- First American Title Co
Ramirez Gorgonio $134,000 First American Title Co
Despras Michel -- First American Title Co
Despras Michel -- --
Sharp Wayne -- --
Acosta Manuel -- --
Sharp Wayne -- --
Barbera Francis G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uribe Diaz Benjamin $300,000
Closed Diaz Benjamin Uribe $146,000
Previous Owner Austin Tim $50,000
Previous Owner Austin Tim $513,700
Previous Owner Austin Tim $513,700
Previous Owner Anderson Maria $157,874
Previous Owner Vazquez Maria A $115,000
Previous Owner Ramirez Laura $356,000
Previous Owner Jimenez Juan $324,800
Previous Owner Ramirez Laura $294,000
Previous Owner Ramirez Laura $256,000
Previous Owner Ramirez Laura $163,100
Previous Owner Ramirez Gorgonio $133,078
Previous Owner Ramirez Gorgonio $133,078
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $747,400 -3.0% $356 / Sq Ft
09/21/2023 09/21/23 For Sale $770,400 0.0% $367 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $770,400 +40.1% $367 / Sq Ft
06/06/2022 06/06/22 Sold $549,900 -8.3% $262 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/27/2022 04/27/22 Price Changed $599,900 -7.6% $286 / Sq Ft
03/14/2022 03/14/22 For Sale $649,000 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,886 $762,348 $194,208 $568,140
2023 $10,886 $560,897 $94,464 $466,433
2022 $3,777 $193,153 $48,285 $144,868
2021 $3,753 $189,367 $47,339 $142,028
2020 $3,442 $187,426 $46,854 $140,572
2019 $3,363 $183,752 $45,936 $137,816
2018 $3,272 $180,150 $45,036 $135,114
2017 $3,211 $176,618 $44,153 $132,465
2016 $3,127 $173,156 $43,288 $129,868
2015 $3,031 $170,557 $42,639 $127,918
2014 $3,007 $167,217 $41,804 $125,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23131607

California Regional Multiple Listing Service (CRMLS)

APN: 680-441-035