$709,900
SOLD OCT 30, 2024
6 Beds
6 Baths
2,938 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

3 Days on Market

Highlights

  • Golf Course Community
  • Mountain View
  • Built-In Features
  • In Ground Pool
  • No HOA
  • Evaporated cooling system

About This Home

As of October 2024

Discover a rare investment opportunity with this captivating duplex in the heart of Cathedral City. Each home offers a spacious layout with 3 bedrooms and 2.5 bathrooms, perfect for families or groups seeking comfort and style. Boasting a two-story design, the properties feature attached two-car garages for convenience and extra storage, updated kitchens, central heating and air, and fireplaces. The back unit truly stands out with its inviting in-ground pool and spa, creating an ideal setting for relaxation and entertaining under the desert sun. Each unit is enhanced by its own private patio, providing a serene outdoor space to unwind and enjoy the stunning mountain views visible from the property. This duplex not only offers comfortable living space but also presents a tremendous income opportunity, whether you choose to live in one unit and rent the other or lease both for investment purposes. The property is well-maintained and features a secure privacy wall along with a gated entrance, ensuring peace of mind. With a charming tile roof and a location conveniently near amenities, this duplex is a fantastic chance to own a slice of desert paradise while enjoying the benefits of rental income. Don’t miss out on this exceptional opportunity!

Last Agent to Sell the Property

Lynee LaVoie

Cherie Miller & Associates Brokerage Phone: 760-401-3372 License #02021036 Listed on: 09/22/2024

Cherie Miller & Associates

Co-Listed By

Madelaine LaVoie

Cherie Miller & Associates Brokerage Phone: 760-401-3372 License #01005011

Last Buyer's Agent

Gale Stuart

License #01988115

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,091

Year Built

  • Built in 1993

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Masonry wall
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Combination Foundation
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,938 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Sliding Doors
  • Living Room with Fireplace
  • Attic Fan

Kitchen

  • Electric Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Evaporated cooling system
  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Outdoor Storage
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 228
  • Assessor Parcel Number 680442018
  • $1,189 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,081
  • Trash Expense $473
  • Water Sewer Expense $1,139
  • Operating Expense $8,249
  • Gross Income $54,600
  • Net Operating Income $46,351

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,091

Year Built

Built in 1993

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 354950
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Water Sewer Expenses: 1139.00
  • Zoning: R204M
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 680442018
  • Year Built: 1993
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan, Built-in Features, Ceiling Fan(s), Tile Counters, Unfurnished
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 241.63
  • Room Type: All Bedrooms Up, Kitchen, Living Room
  • Spa Features: Private, Heated, In Ground

Exterior Features

  • Foundation: Combination, Slab
  • Other Structures: Storage
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Masonry
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Range, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 472.68
  • Water Source: Public
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Golf, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 54600.00
  • Gross Scheduled Income: 54600.00
  • Insurance Expense: 1081.00
  • Lot Size Area: 0.1900 Acres
  • Net Operating Income: 46351.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8249.42
  • Rent Control: Yes
  • Total Expenses: 8249.42

Tax Info

  • Tax Census Tract: 449.07
  • Tax Lot: 228
  • TaxOtherAnnualAssessmentAmount: 1189.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2024
Closed on
Oct 1, 2024
Sold by
Grubbs Vrabel Trust and Grubbs Robert F
Bought by
Orozco Raul Armando and Velasquez Rosemary Victoria
Seller's Agent
Lynee LaVoie
Cherie Miller & Associates
Buyer's Agent
Gale Stuart
List Price
$709,900
Sold Price
$709,900
Total Days on Market
3
Views
13
Current Estimated Value
$728,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,109
Avg. Annual Appreciation
3.28%
Original Mortgage
$688,655
Outstanding Balance
$684,560
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$42,044

Purchase Details

Closed on
Jan 22, 2015
Sold by
Vrabel Louis A
Bought by
Grubbs Vrabel Trust

Purchase Details

Closed on
Jun 19, 2006
Sold by
Bell Robert E and Bell Ann Marie
Bought by
The Robert E & Ann Marie Bell Living Tr

Purchase Details

Closed on
Mar 3, 1997
Sold by
Rhodes Enterprises
Bought by
Bell Robert E and Bell Ann Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1994
Sold by
Rhodes Kevin W
Bought by
Rhodes Enterprises Inc

Purchase Details

Closed on
Nov 4, 1993
Sold by
Rhodes Jolie
Bought by
Rhodes Kevin W
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 $725,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $140,000 Chicago Title Co
Grant Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $688,655 New Conventional
Previous Owner $105,000 Commercial
Previous Owner $109,300 Commercial
Previous Owner $112,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $709,900 0.0% $242 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/22/2024 09/22/24 For Sale $709,900 -- $242 / 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
2023 $4,091 $219,126 $20,330 $198,796
2022 $3,751 $214,831 $19,932 $194,899
2021 $3,616 $210,620 $19,542 $191,078
2020 $3,448 $208,461 $19,342 $189,119
2019 $3,383 $204,374 $18,963 $185,411
2018 $3,310 $200,368 $18,593 $181,775
2017 $3,257 $196,440 $18,229 $178,211
2016 $3,174 $192,589 $17,872 $174,717
2015 $2,991 $189,698 $17,604 $172,094
2014 $2,968 $185,984 $17,260 $168,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT24196858

California Regional Multiple Listing Service (CRMLS)

APN: 680-442-018