NOT LISTED FOR SALE

45601 Monroe St Indio, CA 92201

Indio Area
63 Beds
40 Baths
33,444 Sq Ft
1.71 Acre Lot

Sale Details

Date Sold: August 1, 2014

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

115 Days on Market

Highlights

  • In Ground Pool
  • Property is near public transit
  • Landscaped
  • Mountain View
  • Lawn
  • Forced Air Heating and Cooling System

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

1.71 Acres

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

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
Jul 3, 2020
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
$2,896,000
Interest Rate
0.032%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2019
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
$3,375,000
Interest Rate
0.0382%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 7, 2014
Closed on
Jul 3, 2014
Sold by
Bought by
Seller's Agent
Mark Beckloff
Bennion Deville Homes
Buyer's Agent
Anthony Coleman
Angles
List Price
$2,275,000
Sold Price
$1,950,000
Premium/Discount to List
-$325,000
-14.29%

Purchase Details

Closed on
Apr 18, 2014
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
$1,462,500
Interest Rate
0.0413%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2005
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
$1,900,000
Interest Rate
0.0599%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2002
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
$1,250,000
Interest Rate
0.0686%
Mortgage Type
Commercial
Source: Public Records
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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
-- Orange Coast Title Co
$3,400,000 First American Title Ins Co
-- None Available
$1,950,000 Chicago Title Company
$1,850,000 Fidelity National Title Newp
-- Fidelity National Title Co
-- None Available
-- None Available
-- Chicago Title Company
-- None Available
$2,600,000 Chicago Title Company
-- Chicago Title Co
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
Closed $2,896,000
Previous Owner $3,375,000
Previous Owner $1,462,500
Previous Owner $1,900,000
Previous Owner $1,250,000
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
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

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 $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

    3 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

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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