NOT LISTED FOR SALE

45601 Monroe St Indio, CA 92201

63 Beds
40 Baths
33,444 Sq Ft
1.71 Acres

Last Sold August 01, 2014

Last sale price $1,950,000 $58 Per Sq Ft

115 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Lawn
  • 74,488 Sq Ft lot
  • Property is near public transit
  • Landscaped

About This Home

As of August 2014

Fantastic investment opportunity in the heart of Indio, California! Huge complex with 33 rentable units, 91% two bedrooms: SIXTEEN 2br/1ba (plus patio), SEVEN 2br/1ba (plus patio), SEVEN 2br/2ba (plus carport & patio above carport), ONE 1br/1ba, TWO studios. Building offers approx. 33,444 sq. ft. of net rentable area, with average unit size a whopping 984 sq. ft.! Property amenities include a 200 sq. ft. property management office, a storage room, and TWO revenue-generating laundry rooms. Sparkling 20 ft. x 40 ft. safety-fenced swimming pool in the complex courtyard. Property exterior completely repainted in March 2014. Individual suites being renovated with fresh paint and newer appliances upon tenant turnover. Offers 32 covered parking stalls, plus additional open spaces. Property is very centrally located, just half block from Indio Plaza Shopping Center, and near Indio Fashion Mall & Tyselling shopping center. Close to Indio High School and Indio Teen Center.

Last Agent to Sell the Property

Mark Beckloff

Bennion Deville Homes License #01805986 Listed on: 04/07/2014

Last Buyer's Agent

Anthony Coleman

Angles License #01497851

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.71 Acre Lot
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn

Property Views

  • Mountain
  • Pool

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 33,444 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 63 Bedrooms
  • 40 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • In Ground Pool
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 608230016

Community Details

Overview

  • 4 Buildings
  • 33 Units

Recreation

  • Community Pool

Building Details

  • 33 Separate Electric Meters

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 68939.00
  • List Price per Sq Ft: 68.02
  • Lp Sp Ratio: 0.8571
  • View Type: Mountain(s), Pool
  • Internal Listing I D: 20190608184624647531000000
  • Listing I D: 214012923
  • Listing Member Address: 74-910 Highway 111, Indian Wells, CA 92210
  • Listing Office Address: 74-910 Highway 111, Indian Wells Main Office, Indian Wells, CA 92210
  • Listing Office Fax: (760) 773-3959
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 80903 Mississippi Rd., Indio, CA 92201
  • Selling Member Fax: (760) 600-7653
  • Selling Office Address: 80903 Mississippi Ave., Indio, CA 92201
  • Selling Office Fax: (760) 687-1208
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 63
  • Total Bathrooms: 40.00
  • Full Bathrooms: 40
  • Estimated Sq Ft: 33444.00

Exterior Features

  • Roofing: Composition, Shingle
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Location: Community
  • View: Yes

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 33
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Sewer: In, Connected and Paid

Lot Info

  • Assessor Parcel Number: 608230016
  • Lot Description: Alley Paved, Street Paved, Level, Lawn, Landscaped
  • Lot Location: Near Public Transit
  • Lot Size: 74488.00

Rental Info

  • Owner Pays: Gardener, Water, Pool Service
  • Tenant Pays: Electricity
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 33

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $1,950,000 -14.3% $58 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $2,275,000 -- $68 / 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 $57,647 $3,718,394 $820,233 $2,898,161
2023 $57,647 $3,608,107 $793,825 $2,814,282
2022 $55,275 $3,537,360 $778,260 $2,759,100
2021 $53,152 $3,468,000 $763,000 $2,705,000
2020 $53,632 $3,400,000 $750,000 $2,650,000
2019 $37,325 $2,100,910 $538,694 $1,562,216
2018 $36,826 $2,059,717 $528,132 $1,531,585
2017 $36,298 $2,019,331 $517,777 $1,501,554
2016 $35,683 $1,979,737 $507,625 $1,472,112
2015 $34,371 $1,950,000 $500,000 $1,450,000
2014 $33,207 $1,850,000 $410,000 $1,440,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Beckloff

    Bennion Deville Homes

    Section Image

  • A

    Buyer's Agent in 2014

    Anthony Coleman

    Angles

    (760) 835-6792

    5 Total Sales

    Anthony Coleman
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 214012923

California Desert Association of REALTORS®

APN: 608-230-016

California Riverside County Indio 92201

45601 Monroe St, Indio, CA

Not Listed for Sale

MultiFamily

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