$750,000
SOLD JUL 3, 2018
10 Beds
10 Baths
4,400 Sq Ft
10,606 Sq Ft Lot

Recently Sold

$170 Per Sq Ft

5% Below List Price

221 Days on Market

Highlights

  • Filtered Pool
  • 10,606 Sq Ft lot
  • Laundry Room
  • Panoramic View
  • Balcony
  • Foothills

About This Home

As of July 2021

If you have been watching the market and paying attention to the location you know the desirability and rejuvenation going on in this area. Great money maker with location.5 units 2 bed 2 ba. Very nice set up."L" shape 2 bldgs. The potential owners unit is townhouse style 2 story separate bldg with fenced private yard.The upstairs loft area on this unit is a great place for home office with a view. When driving by looking at property this bldg is on your right straight.The other 4 units are on left 2 upstairs 2 downstairs.There is coin laundry for extra income.This one won't last its the new trendy place. For everyone who wants Palm Springs but it may be a bit out of reach this is the next best place. Close enough to downtown Palm Springs to easily enjoy all it has to offer.If a vacancy occurs its rented again very quickly.Its a great property as it is but still has even more potential to get the trendy vibe going.Don't wait or you will miss it.PLEASE DRIVE BY ONLY!!! DO NOT ENTER THE PROPERTY.OFFER SUBJECT TO INTERIOR INSPECTION.Agents please see private comments.

Last Agent to Sell the Property

Judi Paniagua

Century 21 Village Realty License #01273348 Listed on: 09/19/2017

Last Buyer's Agent

Latasha O'Keith

Lamarc Realty License #01726164

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 10,606 Sq Ft Lot
  • Two or More Common Walls
  • Desert faces the back of the property

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Property Attached
  • Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 4,400 Sq Ft Home
  • Window Screens
  • Fire and Smoke Detector
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Pool

  • Filtered Pool
  • In Ground Pool
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 195
  • Tax Tract Number 5
  • Assessor Parcel Number 687092003

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $125
  • Fuel Expense $50
  • Gardener Expense $75
  • Insurance Expense $155
  • Pool Expense $125
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $1
  • Operating Expense $975
  • Gross Income $4,875
  • Net Operating Income $3,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Cathedral City Cove (33611)
  • View: Yes
  • Water Sewer Expenses: 200.00
  • Zoning: R302M
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 75.00
  • Parcel Number: 687092003
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 170.45
  • Window Features: Screens

Exterior Features

  • View: City Lights, Mountain(s), Panoramic
  • Pool Expense: 125.00
  • Pool Features: Community, In Ground, Fenced, Filtered, Gunite
  • Pool Private: No
  • Roof: Foam
  • Construction Materials: Frame, Stucco

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Central, Electric
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Foothills, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10606.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 125.00
  • Fuel Expense: 50.00
  • Gross Income: 4875.00
  • Gross Scheduled Income: 4875.00
  • Insurance Expense: 155.00
  • Laundry Income: 100.00
  • Net Operating Income: 3875.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Rent Control: No
  • Total Expenses: 975.00

Tax Info

  • New Taxes Expense: 1.20
  • Tax Census Tract: 450.00
  • Tax Lot: 195
  • Tax Tract Number: 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 Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17216032

California Regional Multiple Listing Service (CRMLS)

APN: 687-092-003