NOT LISTED FOR SALE

Estimated Value: $793,000 - $920,000

4 Beds
4 Baths
2,600 Sq Ft
$338/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $799,000 $307 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,658/month

4 Days on Market

Highlights

  • Laundry Room
  • Shed
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2023

Welcome to your new home in vibrant Palm Springs! This spacious 1-bedroom, 1-bathroom, full kitchen, dining area, and living room providing comfortable living spaces, available on January 01, 2025. This location is within walking distance of Cielo Vista Charter School, shopping centers, outdoor adventures, Demuth Park, and cultural attractions. Renovations were completed in February 2024, with modern updates including kitchens, dishwashers, lighting, and water fixtures, as well as refreshed bathrooms and fresh paint throughout. Each unit is equipped with ample storage space, including large closets. For your convenience, an on-premise laundry room is available with coin-operated washer and dryer facilities. Tenants will enjoy large assigned parking spaces, with plenty of off-street parking available for guests, ensuring hassle-free arrivals and departures. Pets are welcome with an additional fee, subject to manager approval. Move-In Special: Security Deposit reduced to $1000 with a signed contract in place by the end of the month. Owner pays for Water and Trash service, tenant pays for all other utilities. Renters insurance required. NO Smoking Allowed. We are willing to work with individuals with less-than-perfect credit on a case-by-case basis, with additional terms that may apply. Property has been virtually staged for this ad and does NOT include furnishings with the exception of appliances. No smoking is allowed. Pets are permitted upon manager approval and an additional monthly fee. Pet Deposit applies Security Deposit Renters Insurance Required to be active on move-in date.

Last Agent to Sell the Property

Jim Caldwell Jr.

Compass License #02047464 Listed on: 10/10/2023

Compass

Last Buyer's Agent

Tim Austin

Broker Groves, Inc License #01196088

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,959

Year Built

  • Built in 1960

Lot Details

  • 8,276

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Additional Features

  • Shed
  • 8,276 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 680-084-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,959

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Welcome to this incredible investment opportunity in central Palm Springs. This well-maintained fourplex offers the potential for substantial rental income. Fourplex each 1 bed/1 bath and separately metered for electric and gas. All four units have been updated since 2015 and all four are currently rented. A common laundry room with coin operated washer and dryer provides convenience for the Tenants and extra income for the Owner. The exterior of the fourplex is well-maintained and was recently painted. The property features a spacious parking area, ensuring convenience and assigned parking spaces for tenants. Desert landscaping for easy and low cost maintenance. Well maintained both interior and exterior. Drive by only. Please do not disturb Tenants.
  • Builders Tract Code: 6330
  • Living Area: 2600
  • Lot Acreage: 0.1900
  • Probate: No
  • Stories: 1
  • Year Built: 1960
  • Builders Tract Name: Demuth Park
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven, Garbage Disposal
  • Price Per S Q F T: 307.31

Exterior Features

  • Other Structures: Shed(s)
  • Pool: No
  • Roof: Tar and Gravel
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Driveway, Parking Space
  • Total Parking: 4

Utilities

  • Volt 220: In Laundry
  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 74.67
  • Assessed Improvement Value: 317106
  • Assessed Land Percent: 25.33
  • Assessed Land Value: 107585
  • Total Assessed Value: 424691
  • Assessor Parcel Number: 680-084-011
  • Lot Size Area: 8276

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Rental
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Kevin And Mai Naderi Revocable Family Tr and Naderi Kevin
Bought by
Curtis Jeffery and Curtis Brandie
Current Estimated Value
$877,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$669,967
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$207,627

Purchase Details

Closed on
Jun 14, 2018
Sold by
Siegel Stephen
Bought by
Siegel Stephen M

Purchase Details

Closed on
Feb 18, 2015
Sold by
Jordinelli Daniel F
Bought by
Siegel Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2012
Sold by
Jordinelli Daniel F and Jordinelli Daniel F
Bought by
Jordenelli Daniel F

Purchase Details

Closed on
Oct 27, 2005
Sold by
Baumer Ben A and Baumer Julie Porter
Bought by
Jordinelli Daniel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2001
Sold by
Baumer Ben A and Baumer Julie P
Bought by
Baumer Ben A and Baumer Julie Porter
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Curtis Jeffery $900,000 Wfg National Title Company Of
Siegel Stephen M -- None Available
Siegel Stephen $375,000 Provident Title Company
Jordenelli Daniel F -- None Available
Jordinelli Daniel F $475,000 Fidelity Natl Title Ins Co
Baumer Ben A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Curtis Jeffery $675,000
Previous Owner Kevin And Mai Naderi Revocable $599,250
Previous Owner Siegel Stephen $262,500
Previous Owner Jordinelli Daniel F $237,500
Previous Owner Jordinelli Daniel F $235,000
Previous Owner Baumer Ben A $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market $1,695 -- --
01/13/2025 01/13/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $1,695 -- --
09/01/2024 09/01/24 For Rent $1,695 0.0% --
11/22/2023 11/22/23 Sold $799,000 0.0% $307 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $799,000 -- $307 / Sq Ft
Source: The MLS

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 $10,959 $900,000 $160,000 $740,000
2023 $10,959 $433,184 $109,736 $323,448
2022 $6,727 $424,691 $107,585 $317,106
2021 $6,613 $416,365 $105,476 $310,889
2020 $6,365 $412,097 $104,395 $307,702
2019 $6,273 $404,018 $102,349 $301,669
2018 $6,175 $396,097 $100,343 $295,754
2017 $6,098 $388,331 $98,376 $289,955
2016 $5,926 $380,718 $96,448 $284,270
2015 $7,650 $540,094 $135,019 $405,075
2014 $4,666 $300,000 $100,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-319281

The MLS

APN: 680-084-011