NOT LISTED FOR SALE

Estimated Value: $816,000 - $1,131,000

8 Beds
4 Baths
3,840 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $555,000 $145 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,146/month

185 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • North Facing Home
  • Palm Springs High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of April 2016

Highly Upgraded 4 Unit complex. All 2 bedroom 1 bath with large living rooms, kitchen and kitchen nook. The kitchens have granite counter tops and the current owner has made numerous improvements. Baths and living rooms are tiled. All units are one level and attached. Three units have large block wall back patios amd one unit has a back and side patio. Very low maintainence landscaping and all units are currently rented. There are 5 parking spaces in front of the building and street parking also. The property is on the corner of Calle De Carlos and Avenida Evelita.

Last Agent to Sell the Property

Anne Alexander

Bennion Deville Homes License #01333202 Listed on: 09/17/2015

Last Buyer's Agent

Unknown Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,187

Year Built

  • Built in 1979

Lot Details

  • 9,870 Sq Ft Lot
  • North Facing Home
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Parking

  • 5 Car Parking Spaces

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 3,840 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for gardener
  • Assessor Parcel Number 680046001

Community Details

Overview

  • 4 Units
  • Demuth Park Subdivision

Building Details

  • Insurance Expense $900
  • Gross Income $49,800
  • Net Operating Income $37,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,187

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces North
  • Levels: Ground, One, Ground Level, No Unit Above
  • Price Per Unit: 147250.00
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 153.39
  • Lp Sp Ratio: 0.9423
  • Water District Name: Coachella Valley Water District
  • Year Built: 1979
  • Internal Listing I D: 20190608184713105100000000
  • Listing I D: 215026554
  • Listing Office Address: 74-910 Highway 111, Indian Wells Main Office, Indian Wells, CA 92210
  • Listing Office Fax: (760) 773-3959
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 505 N. BRAND, GLENDALE, CA 91203
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Demuth Park
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 4
  • Number of Ranges: 4
  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3840.00

Exterior Features

  • Construction: Stucco
  • Roofing: Tile
  • Foundation: Slab
  • Numberof Patios: 4

Garage/Parking

  • Parking Info Total Parking Spaces: 5.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 680046001
  • Lot Description: Level, Rectangular Lot
  • Lot Location: Corner Lot
  • Lot Size: 9870.00

Rental Info

  • Owner Pays: Gardener
  • Tenant Pays: Cable TV, Electricity
  • Land Lease Type: Fee Simple

Multi Family

  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2017
Sold by
Newbury Robert and Sprigg Westson
Bought by
Amerinewfie Llc
Current Estimated Value
$1,009,893

Purchase Details

Listed on
Sep 17, 2015
Closed on
Mar 4, 2016
Sold by
Babayans Alfred and Babayans Anahid
Bought by
Newbury Robert and Sprigg Westson
Seller's Agent
Anne Alexander
Bennion Deville Homes
Buyer's Agent
Unknown Member
List Price
$589,000
Sold Price
$555,000
Premium/Discount to List
-$34,000
-5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$356,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2014
Sold by
Babayans Alfred and Babayans Anahid
Bought by
A & A Babayans Family Trust

Purchase Details

Closed on
Jun 12, 2013
Sold by
Hairapetian Norik and Hairapetian Claudia
Bought by
Babayans Alfred and Babayans Anahid

Purchase Details

Closed on
Jan 16, 2013
Sold by
Techno Advanced Inc
Bought by
Hairapetian Norik and Hairapetian Claudia

Purchase Details

Closed on
Aug 26, 2010
Sold by
Hairapetian Norik and Hairapetian Claudia
Bought by
Techno Advanced Inc

Purchase Details

Closed on
Jan 5, 2010
Sold by
Babayans Alfred O and Babayans Anahid
Bought by
Hairapetian Norik and Hairapetian Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2006
Sold by
Aguirre Oscar A and Chicas Elena I
Bought by
Babayans Alfred O and Babayans Anahid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1995
Sold by
Emc Mtg Corp
Bought by
Aguirre Oscar A and Chicas Elena I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,603
Interest Rate
7.58%
Mortgage Type
FHA
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
Amerinewfie Llc -- None Available
Newbury Robert $555,000 Lawyers Title
A & A Babayans Family Trust -- None Available
Babayans Alfred -- None Available
Hairapetian Norik -- None Available
Techno Advanced Inc -- None Available
Hairapetian Norik -- Lawyers Title Company
Babayans Alfred O $530,000 California Title Company
Aguirre Oscar A $110,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newbury Robert $356,000
Previous Owner Babayans Alfred $100,000
Previous Owner Babayans Alfred $45,000
Previous Owner Hairapetian Norik $213,750
Previous Owner Babayans Alfred O $477,000
Previous Owner Aguiree Oscar A $200,000
Previous Owner Aguirre Oscar A $109,603
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $555,000 -5.8% $145 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
09/17/2015 09/17/15 For Sale $589,000 -- $153 / Sq Ft
Source: California Desert Association of REALTORS®

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 $9,187 $665,626 $159,294 $506,332
2023 $9,187 $639,780 $153,109 $486,671
2022 $9,352 $627,236 $150,107 $477,129
2021 $9,183 $614,938 $147,164 $467,774
2020 $8,816 $608,634 $145,656 $462,978
2019 $8,681 $596,700 $142,800 $453,900
2018 $8,443 $577,822 $114,444 $463,378
2017 $8,335 $566,640 $112,200 $454,440
2016 $5,545 $348,292 $108,424 $239,868
2015 $5,287 $343,255 $106,797 $236,458
2014 $5,137 $336,784 $104,706 $232,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 215026554

California Desert Association of REALTORS®

APN: 680-046-001