NOT LISTED FOR SALE

33821 Shifting Sands Trail Cathedral City, CA 92234

Whitewater Neighborhood

Estimated Value: $501,000 - $627,000

6 Beds
4 Baths
2,404 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $395,000 $164 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,667/month

14 Days on Market

Highlights

  • Private Yard
  • Central Heating
  • 1-Story Property
  • Laundry Room
  • Level Lot

About This Home

As of October 2019

Excellent opportunity for seasoned or first time investor to cash in on a great residential income property. Easy to maintain duplex with 3 bedrooms two baths each and a private back yard for entertaining, gardening and mountain views. Each unit includes newer central air conditioning, newer roof, single detached garage, access to exterior laundry room too! Plenty of off street parking with landscaped front yard. Great curb appeal with access to lots of golf courses, shopping, public transportation and schools. Sale will be made part of seller's 1031 exchange at no additional expense or delay to buyer.

Last Agent to Sell the Property

Ron Pascual

Berkshire Hathaway HomeService License #01148347 Listed on: 08/07/2019

Berkshire Hathaway HomeService

Last Buyer's Agent

Angela Maciel-Gibbons

HomeSmart License #01735647

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,818

Year Built

  • Built in 1985

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,404 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 182
  • Assessor Parcel Number 680422015

Community Details

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $384
  • New Taxes Expense $4,938
  • Operating Expense $6,422
  • Net Operating Income $36,778

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,818

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • CapRate: 9.30
  • Property Attached: Yes
  • Subdivision Name Other: Palm Springs Outpost
  • Water Sewer Expenses: 384.00
  • Zoning: R204M
  • Property Type: Residential Income
  • Parcel Number: 680422015
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 164.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Outside, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Multiplier: 9.14
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 36778.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6422.00
  • Rent Control: No
  • Total Expenses: 6422.00

Tax Info

  • New Taxes Expense: 4938.00
  • Tax Census Tract: 449.07
  • Tax Lot: 182

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2020
Sold by
Gallardo Ignacio Chavez
Bought by
Chavez Ignacio
Current Estimated Value
$586,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Outstanding Balance
$175,957
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$407,487

Purchase Details

Listed on
Aug 7, 2019
Closed on
Oct 31, 2019
Sold by
Chavez Evangelina
Bought by
Gallardo Ignacio Chavez
Seller's Agent
Ron Pascual
Berkshire Hathaway HomeService
Buyer's Agent
Angela Maciel-Gibbons
HomeSmart
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
Aug 30, 2019
Sold by
Finley Michael and Williams Jill
Bought by
Galiardo Ignacio Chavez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2018
Sold by
Finley Michael
Bought by
Finley Michael and Williams Jill

Purchase Details

Closed on
May 11, 2006
Sold by
Finley Michael
Bought by
Finley Michael and Michael Finley Revocable Living Trust

Purchase Details

Closed on
Jun 6, 2001
Sold by
Valentino David I and Valentino Susan
Bought by
Finley Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.21%
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
Chavez Ignacio -- Transcounty Title Company
Gallardo Ignacio Chavez -- Lawyers Title
Galiardo Ignacio Chavez $395,000 Lawyers Title
Finley Michael -- Nextitle
Finley Michael -- None Available
Finley Michael $160,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Ignacio $196,500
Previous Owner Galiardo Ignacio Chavez $265,000
Previous Owner Finley Michael $236,000
Previous Owner Finley Michael $156,800
Previous Owner Finley Michael $128,000
Closed Finley Michael $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2019 10/31/19 Sold $395,000 0.0% $164 / Sq Ft
08/07/2019 08/07/19 For Sale $395,000 -- $164 / 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 $6,818 $431,986 $109,363 $322,623
2023 $6,818 $415,214 $105,117 $310,097
2022 $6,561 $407,073 $103,056 $304,017
2021 $6,343 $399,092 $101,036 $298,056
2020 $6,022 $395,000 $100,000 $295,000
2019 $3,713 $211,867 $15,879 $195,988
2018 $3,616 $207,714 $15,568 $192,146
2017 $3,549 $203,642 $15,263 $188,379
2016 $3,456 $199,650 $14,964 $184,686
2015 $3,347 $196,654 $14,741 $181,913
2014 $3,320 $192,803 $14,453 $178,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19188945

California Regional Multiple Listing Service (CRMLS)

APN: 680-422-015