NOT LISTED FOR SALE

45485 Abronia Trail Palm Desert, CA 92260

-- Bed
-- Bath
-- Sq Ft
1.03 Acres

Last Sold March 07, 2012

Last sale price $830,500

179 Days on Market

About This Home

As of March 2012

The subject property is a 12 unit apartment community located in the esteemed community of Palm Desert, California. The property was built in 1979 and possesses an attractive unit mix of large two bedroom/two bathroom units (1000 square feet). The property is located within a residential neighborhood amongst single family residences and other similar apartment communities.

This offering allows an investor the opportunity to acquire an asset in an "A" location of Palm Desert, California. The main strength of the property is its location within walking distance from the famed and exclusive "El Paseo" shopping district.

Last Agent to Sell the Property

Douglas McCauley

MARCUS & MILLICHAP License #01155706 Listed on: 07/01/2011

Last Buyer's Agent

Douglas McCauley

MARCUS & MILLICHAP License #01155706 Listed on: 07/01/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 1.03 Acre Lot

Parking

  • 12 Car Garage

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 625141007

Community Details

Overview

  • 3 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $16,085
  • Insurance Expense $2,414
  • Maintenance Expense $13,592
  • Professional Management Expense $3,689
  • New Taxes Expense $12,122
  • Gross Income $9,175
  • Net Operating Income $60,509

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

12

Listing Details

  • Professional Management Expense: 3689.00
  • Property Type: Residential Income
  • Parcel Number: 625141007
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 18.00

Lot Info

  • Lot Size Sq Ft: 44867.00
  • Lot Size Acres: 1.0300

Multi Family

  • Electric Expense: 16085.00
  • Gross Income: 9175.00
  • Gross Scheduled Income: 113916.00
  • Insurance Expense: 2414.00
  • Lot Size Area: 44867.0000 Square Feet
  • Maintenance Expense: 13592.00
  • Net Operating Income: 60509.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 47902.00
  • Rent Control: No
  • Vacancy Allowance: 5505

Tax Info

  • New Taxes Expense: 12122.00
  • Tax Lot: 001
  • Tax Tract Number: 0001
  • Tax Year: 2010

Range of Values:

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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 Change Sq Ft Price
03/07/2012 03/07/12 Sold $830,500 -13.5% --
12/27/2011 12/27/11 Pending -- -- --
07/01/2011 07/01/11 For Sale $960,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Douglas McCauley

    MARCUS & MILLICHAP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C11128825

California Regional Multiple Listing Service (CRMLS)

APN: 625-141-007

California Riverside County Palm Desert 92260

45485 Abronia Trail, Palm Desert, CA

This home is located at 45485 Abronia Trail, Palm Desert, CA 92260 since 01 July 2011. This property was built in 1979. 45485 Abronia Trail is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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California Regional Multiple Listing Service (CRMLS) 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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