T
Seller's Agent in 2015
Tony Burton
Burton Commercial, Inc.
(951) 375-7433
7 Total Sales
44522 Arabia St Indio, CA 92201
Indio Area
4
Beds
4
Baths
4,200
Sq Ft
0.34
Acre Lot
About This Home
As of March 2015Beautiful courtyard cottage style apartments in a park like setting. Fruit trees that provide shade throughout the complex. Most of the units are free standing houses that give tenants additional privacy. There has been a continuous waiting list to get into this fine apartment. All but two rental agreements are way below market rents. All the units are 1 bedroom, 1 bath. This complex includes a freestanding laundry and storage room. This property really performs. How about a 6.90 GRM, a 9.44% Cap Rate, and a 20.33% Cash on Cash ON ACTUALS! When brought up to market rents, this great investment performs at a stunning 5.95 GRM, an 11.63% Cap Rate, and 29.07% Cash on Cash!!!
Please see supplements for rent roll, income/expenses/returns, and aerial/site plan.
Great location. Just one block off of Indio Blvd, the main thoroughfare for all the shopping a tenant needs. Close to bus stops and schools. Located on a low traffic quiet residential street in a peaceful neighborhood.
Last Agent to Sell the Property
Burton Commercial, Inc. License #01014173 Listed on: 02/12/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 14,810 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 20 Parking Spaces
Home Design
- 4,200 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 62 6
- Assessor Parcel Number 611058006
Community Details
Overview
- 6 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Professional Management Expense $3,480
- Trash Expense $1,200
- Water Sewer Expense $980
- New Taxes Expense $6,138
- Gross Income $3,625
- Net Operating Income $28,327
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 6, 2019
Sold by
Bought by
Purchase Details
Closed on
Feb 12, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,127,250
Interest Rate
0.0379%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 12, 2015
Closed on
Feb 18, 2015
Sold by
Bought by
Seller's Agent
Tony Burton
Burton Commercial, Inc.
Buyer's Agent
Tony Burton
Burton Commercial, Inc.
List Price
$300,000
Sold Price
$265,000
Premium/Discount to List
-$35,000
-11.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
0.0361%
Mortgage Type
Commercial
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Pacific Coast Title Company | ||
| -- | Ticor Title Company | ||
| $265,000 | First American Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $565,000 | ||
| Open | $9,693,800 | ||
| Previous Owner | $1,127,250 | ||
| Previous Owner | $265,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2015 03/12/15 | Sold | $265,000 | -11.7% | $63 / Sq Ft |
| 02/13/2015 02/13/15 | Pending | -- | -- | -- |
| 02/12/2015 02/12/15 | For Sale | $300,000 | -- | $71 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,221 | $318,479 | $108,161 | $210,318 |
| 2023 | $6,221 | $306,114 | $103,962 | $202,152 |
| 2022 | $5,977 | $300,113 | $101,924 | $198,189 |
| 2021 | $5,481 | $294,229 | $99,926 | $194,303 |
| 2020 | $6,080 | $291,213 | $98,902 | $192,311 |
| 2019 | $5,891 | $285,504 | $96,963 | $188,541 |
| 2018 | $5,823 | $279,907 | $95,062 | $184,845 |
| 2017 | $7,184 | $392,700 | $107,100 | $285,600 |
| 2016 | $5,681 | $270,300 | $91,800 | $178,500 |
| 2015 | $5,374 | $265,146 | $39,801 | $225,345 |
| 2014 | $5,319 | $259,954 | $39,022 | $220,932 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW15030814
APN: 611-058-006
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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