$499,000
SOLD MAY 9, 2014
10 Beds
10 Baths
4,400 Sq Ft
10,606 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

83 Days on Market

Highlights

  • Heated In Ground Pool
  • 10,606 Sq Ft lot
  • Forced Air Heating and Cooling System
  • Panoramic View

About This Home

As of July 2021

This Cathedral City Cove 5-unit property, located south of E. Palm Canyon Drive, consists of 5-2bd/2ba units situated in an L shaped 2-story building complete with 1 large two-level townhome on one end and 4 smaller ground floor and 2nd floor units on the other end. The ground floor units, including the townhome, have private patios as well as community pool frontage. Cathedral City Cove, surrounded by mountains, is convenient to downtown Cathedral City (and neighboring Palm Springs) including all the retail and restaurants that are close by, if not walking distance. Most units have nice mountain views in addition to Cathedral City night lights and overall panoramic valley views. There have been many improvements and upgrades done to the property over the years. Please ask for a complete report including an Income and Expense Statement, Rent Roll and a list of Improvements and Details for the property. Owner is retiring.

Last Agent to Sell the Property

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 02/07/2014

Coldwell Banker Realty

Co-Listed By

Richard Chamberlin

Coldwell Banker Realty License #01232493

Last Buyer's Agent

Phil Pappalardo

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,606 Sq Ft Lot

Parking

  • 7 Car Parking Spaces

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Slab Foundation
  • Foam Roof
  • Stucco Exterior

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property
  • Vertical Blinds

Bedrooms and Bathrooms

  • 10 Bedrooms

Pool

  • Heated In Ground Pool
  • Gunite Pool

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for electricity, pool service, water, gardener, gas
  • Assessor Parcel Number 687092003

Community Details

Overview

  • 5 Units
  • Cathedral City Cove Subdivision

Recreation

  • Community Pool

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,270
  • Operating Expense $8,217
  • Gross Income $45,864
  • Net Operating Income $31,659

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 99800.00
  • List Price per Sq Ft: 113.41
  • Lp Sp Ratio: 1.0000
  • View Type: City Lights, Panoramic, Mountain(s)
  • Water District Name: CVWD
  • Co Listing Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 325-4578
  • Internal Listing I D: 20190608184620503964000000
  • Listing I D: 214006113
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 2141 COLORADO BLVD, LOS ANGELES, CA 90041
  • Land Type: Fee
  • Subdivision: Cathedral City Cove
  • Unit Information Number Of Units Leased: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 5
  • Number of Ranges: 5
  • Total Bedrooms: 10
  • Total Bathrooms: 10.00
  • Full Bathrooms: 5
  • Three Quarter Bathrooms: 5
  • Laundry Equipment: Lease
  • Estimated Sq Ft: 4400.00
  • Windows Treatments: Blinds, Vertical Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Foam
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Not Heated
  • Pool Location: Community
  • View: Yes

Garage/Parking

  • Parking Info Total Parking Spaces: 7.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 6
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central, Forced Air
  • Heating Fuel: Electric
  • Sewer: Connected on Bond, In Street on Bond
  • Water Heater Feature: Electric
  • Number Gas Meter: 6
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 687092003
  • Lot Description: Curbs, Storm Drains
  • Lot Size: 10606.00

Rental Info

  • Owner Pays: Electricity, Pool Service, Water, Gardener, Gas
  • Tenant Pays: Electricity, Gas
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Number Of Dishwashers: 5
  • Number Of Refrigerators: 5
  • Total Units: 5

Range of Values:

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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 Change Sq Ft Price
07/01/2021 07/01/21 Sold $950,000 -13.6% $211 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,100,000 0.0% $244 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $1,100,000 +46.7% $244 / Sq Ft
07/03/2018 07/03/18 Sold $750,000 -3.2% $170 / Sq Ft
04/28/2018 04/28/18 Pending -- -- --
04/06/2018 04/06/18 Price Changed $775,000 -1.8% $176 / Sq Ft
03/03/2018 03/03/18 Price Changed $789,000 0.0% $179 / Sq Ft
03/03/2018 03/03/18 For Sale $789,000 +5.2% $179 / Sq Ft
11/02/2017 11/02/17 Off Market $750,000 -- --
11/01/2017 11/01/17 For Sale $699,000 -6.8% $159 / Sq Ft
10/04/2017 10/04/17 Off Market $750,000 -- --
09/19/2017 09/19/17 For Sale $699,000 +16.5% $159 / Sq Ft
09/18/2015 09/18/15 Sold $600,000 0.0% --
09/10/2015 09/10/15 Pending -- -- --
09/07/2015 09/07/15 For Sale $600,000 +20.2% --
05/09/2014 05/09/14 Sold $499,000 0.0% $113 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $499,000 -- $113 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 214006113

California Desert Association of REALTORS®

APN: 687-092-003