NOT LISTED FOR SALE

42720 Clifford St Palm Desert, CA 92260

Estimated Value: $615,938 - $704,000

8 Beds
8 Baths
4,012 Sq Ft
$163/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $1,075,000 $268 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $4,237/month

45 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Tile Flooring
  • James Earl Carter Elementary School Rated A-
  • Traditional Architecture
  • Landscaped

About This Home

As of December 2021

Welcome to a great income property in the heart of Palm Desert. Centrally located close to shopping, dining and freeway. Property is within Desert Sands Unifed School District. These two low maintenance duplexes are easy to rent and have strong historical occupancy. No pool and no lawn to maintain. Each unit has 2 bedrooms and 2 baths (both are master suites). Currently below market rents. Huge upside and rental growth potential. Tenants are on a month-to-month tenancy. Laundry hook-ups. Permitted 2-car garage for each unit; Total of 4-car parking. Each unit has its own private backyard. Tenants pay utilities. Separately metered for electricity and gas. Central A/C and Heating. Potential for ADU. Buyer to cooperate with seller's 1031 exchange. Also included in sale is 42740 Clifford Street, APN: 624-242-011. **Market rent potentially $1500-$1700 per month per unit.**

Last Agent to Sell the Property

Leslie Briskman

HomeSmart License #01803831 Listed on: 10/20/2021

HomeSmart

Last Buyer's Agent

Loan Ly

HK Lane Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,255

Year Built

  • Built in 1981

Lot Details

  • 0.34 Acre Lot
  • Landscaped

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,012 Sq Ft Home
  • 4-Story Property
  • Living Room with Fireplace
  • 4 Fireplaces
  • Mountain Views
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 4 Carport Spaces
  • 4 Car Parking Spaces
  • Assigned Parking

Location

  • Ground Level

Schools

  • Washington Charter Elementary School
  • Palm Desert Charter Middle School
  • Palm Desert High School

Utilities

  • Central Air
  • Cooling System Powered By Gas
  • Hot Water Heating System
  • Water Heater

Listing and Financial Details

  • Tenant pays for air cond/heat main, gas, electricity
  • Assessor Parcel Number 624242010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,600
  • Operating Expense $350
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,255

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Attached/Detached: Yes
  • Levels: Ground Level, No Unit Above
  • Building Number Of Stories: 4
  • Building Style: Traditional
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 261.71
  • Lp Sp Ratio: 1.0200
  • View Type: Mountain(s)
  • Year Built: 1981
  • Internal Listing I D: 20211020211209579548000000
  • Listing I D: 219069243
  • Listing Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Flooring: Laminate, Tile
  • Total Bedrooms: 8
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Laundry Equipment: Hook-Ups
  • Estimated Sq Ft: 4012.00

Exterior Features

  • View: Yes
  • Numberof Patios: 2
  • Paved: Yes

Garage/Parking

  • Parking: Assigned
  • Parking Info Total Carport Spaces: 4.00
  • Parking Info Total Parking Spaces: 4.00

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 2
  • Cooling Type: Air Conditioning, Gas
  • Heating: Hot Water
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 4
  • Water Heater: Yes
  • Laundry Type: Yes

Condo/Co-op/Association

  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 624242010
  • Lot Description: Landscaped
  • Lot Size: 14810.00

Rental Info

  • Tenant Pays: Air Cond/Heat Main, Gas, Electricity
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 4
  • Number Of Rented Garages: 4
  • Total Units: 4

MLS Schools

  • Elementary School: Washington Charter
  • High School: Palm Desert
  • Junior Middle School: Palm Desert Charter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2022
Sold by
Quang Vu Huy and Yen Kimberly
Bought by
Huy Quang Vu And Kimberly Yen Vu Revocable Tr
Current Estimated Value
$652,735

Purchase Details

Listed on
Oct 20, 2021
Closed on
Oct 29, 2021
Sold by
Kozlak Helen V and Kozlak Helen V
Bought by
Yu Kimberly Yen and Vu Huy Quang
Seller's Agent
Leslie Briskman
HomeSmart
Buyer's Agent
Loan Ly
HK Lane Real Estate
List Price
$1,050,000
Sold Price
$1,075,000
Premium/Discount to List
$25,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.52%
Original Mortgage
$376,250
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2018
Sold by
Kozlak Helen V
Bought by
Kozlak Helen V and The Helen V Kozlak Separate Property Tr

Purchase Details

Closed on
Sep 18, 2017
Sold by
Kozlak Peter J and Kozlak Helen V
Bought by
Kozlak Helen V

Purchase Details

Closed on
Jul 13, 1999
Sold by
Woody Enterprises Inc
Bought by
Kozlak Peter J and Kozlak Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.7%
Mortgage Type
Commercial
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
Huy Quang Vu And Kimberly Yen Vu Revocable Tr -- None Listed On Document
Yu Kimberly Yen $537,500 North American Title
Kozlak Helen V -- None Available
Kozlak Helen V -- None Available
Kozlak Peter J $190,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Kimberly Yen $376,250
Previous Owner Kozlak Peter J $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $1,075,000 +2.4% $268 / Sq Ft
10/20/2021 10/20/21 For Sale $1,050,000 -- $262 / 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 $8,255 $570,397 $142,731 $427,666
2023 $8,255 $548,250 $137,190 $411,060
2022 $7,702 $537,500 $134,500 $403,000
2021 $2,699 $134,865 $40,453 $94,412
2020 $2,667 $133,483 $40,039 $93,444
2019 $2,627 $130,866 $39,254 $91,612
2018 $2,589 $128,301 $38,485 $89,816
2017 $2,541 $125,786 $37,731 $88,055
2016 $2,485 $123,321 $36,992 $86,329
2015 $2,470 $121,471 $36,438 $85,033
2014 $2,171 $119,093 $35,725 $83,368
Source: Public Records

Agents Affiliated with this Home

  • Leslie Briskman

    Seller's Agent in 2021

    Leslie Briskman

    HomeSmart

    (760) 898-1244

    64 Total Sales

    Leslie Briskman
    Section Image

  • L

    Buyer's Agent in 2021

    Loan Ly

    HK Lane Real Estate

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219069243

California Desert Association of REALTORS®

APN: 624-242-010

California Riverside County Palm Desert 92211

42720 Clifford St, Palm Desert, CA

This home is located at 42720 Clifford St, Palm Desert, CA 92260 since 20 October 2021 and is currently estimated at $652,735, approximately $162 per square foot. This property was built in 1981. 42720 Clifford St is a home located in Riverside County with nearby schools including James Earl Carter Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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