NOT LISTED FOR SALE

41995 Cambridge Ave Bermuda Dunes, CA 92203

5 Beds
5 Baths
4,000 Sq Ft
0.51 Acres Lot

Sale Details

Date Sold: October 3, 2018

Last sale price $680,000 $170 Per Sq Ft

64 Days on Market

Highlights

  • In Ground Pool
  • 22,139 Sq Ft lot
  • Corner Lot
  • James Monroe Elementary School Rated A-
  • Cathedral Ceiling
  • Private Yard

About This Home

As of October 2018

5 well maintained single level 1 bedroom units on an exceptionally huge lot with easy access and good visiblity. Each unit has a small front yard and HUGE rear yard to accommodate pets, parties, barbeques or just good room for storage. The property center piece is a beautiful sparkling pool keeping the grounds cool for all to enjoy year round. All units have one car garages with one parking space in front of each garage and plenty of guest parking. As a large 20,000+ sq. ft. lot you can really feel the space. More can be done to enhance the property with that space - updated landscape for one. Rents are lowInside each unit is 800 Sq Ft. enhanced by vaulted ceilings adding to the volume of the living space. Interior highlights are a Step-saver kitchen,
range, oven, dishwasher and an inside laundry room for full size washer and dryer. A really nice property and rental unit price point that keeps the building fully occupied. With a newer garage roof, newer septic and gas and electric separately metered operating expenses are advantageously low.

Last Agent to Sell the Property

Shaun Hurley

Coldwell Banker Realty License #00870450 Listed on: 07/29/2018

Coldwell Banker Realty

Last Buyer's Agent

Jeannie Niles

Jeannie Niles Real Estate License #00594402

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 22,139 Sq Ft Lot
  • Lot Dimensions are 100 x 210
  • 1 Common Wall
  • Block Wall Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 5 Car Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Apartment
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Courtyard Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Type Unknown
  • Sewer Not Available

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot M117
  • Tax Tract Number 2565
  • Assessor Parcel Number 607413042

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Maintained Community

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $150
  • Insurance Expense $2,820
  • Other Expense $1,200
  • Pest Control $516
  • Pool Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,332
  • New Taxes Expense $7,499
  • Operating Expense $8,418
  • Gross Income $1,200
  • Net Operating Income $43,182

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.51 Acres

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 5.70
  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • View: Yes
  • Water Sewer Expenses: 1332.00
  • Zoning: R-2-4000
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 607413042
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 170.00
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • View: Courtyard
  • Fence: Yes
  • Fencing: Block
  • Pool Expense: 1200.00
  • Pool Features: Community, Fenced, In Ground
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Range Hood
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Pest Control Expense: 516.00
  • Sewer: None, Septic Type Unknown
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Maintenance Grounds, Trash, Pets Permitted
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Lawn, Rectangular Lot, Level, Sprinklers In Front, Yard
  • Lot Size: 100 x 210
  • Lot Size Sq Ft: 22139.00

Rental Info

  • Garage Rental Rate: 50.00
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Fuel Expense: 150.00
  • Garage Income: 1200.00
  • Gross Income: 1200.00
  • Gross Operating Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 2820.00
  • Net Operating Income: 43182.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Operating Expense: 8418.00
  • Other Expense: 1200.00
  • Other Expense Description: Gardener
  • Rent Control: No
  • Total Expenses: 8418.00

Tax Info

  • New Taxes Expense: 7499.00
  • Tax Census Tract: 452.33
  • Tax Lot: M117
  • Tax Tract Number: 2565
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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 List to Sale Price per Sq Ft
10/03/2018 10/03/18 Sold $680,000 -9.3% $170 / Sq Ft
07/29/2018 07/29/18 For Sale $749,900 -- $187 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,284 $758,548 $167,325 $591,223
2023 $9,284 $729,095 $160,829 $568,266
2022 $8,931 $714,800 $157,676 $557,124
2021 $8,759 $700,785 $154,585 $546,200
2020 $8,594 $693,600 $153,000 $540,600
2019 $8,430 $680,000 $150,000 $530,000
2018 $4,195 $331,057 $84,215 $246,842
2017 $4,109 $324,566 $82,564 $242,002
2016 $4,010 $318,203 $80,946 $237,257
2015 $4,023 $313,426 $79,731 $233,695
2014 $3,957 $307,288 $78,170 $229,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18182580

California Regional Multiple Listing Service (CRMLS)

APN: 607-413-042

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