T
Seller's Agent in 2015
Tony Burton
Burton Commercial, Inc.
(951) 375-7433
7 Total Sales
45950 Ocotillo Dr Palm Desert, CA 92260
South Palm Desert Neighborhood
9
Beds
8
Baths
6,400
Sq Ft
0.5
Acre Lot
About This Home
As of July 2015The best in Southern California apartments. This seven unit apartment consists of one 3 bedroom 2 bath freestanding home, and six 2 bedroom 2 bath apartment units. All two bedroom units have private carports while 3 bedroom unit has private attached 2 car garage. There's also guest parking area. All rooms are large/immaculate throughout. Fireplaces and dishwashers in each unit. Units decorated eloquently. Units further have storage rm, laundry rm, laundry hookup's in garage, & large beautiful pool in courtyard. All units have private backyards w/ patio's. This complex is located in lush park like setting, on half acre, w/ plenty of room for tenants/guest to enjoy themselves. Due to large demand of tenants to live this lifestyle, there is seldom a vacancy and almost always a waiting list to get in.
From Supplements, please view aerial photograph & actual/market rent roll.
This location is in the prestigious El Paseo district of Palm Desert. This luxurious apartment is just walking minutes away from one of the most famous shopping districts in the world.
We are VERY competitively priced! 45450 Ocotillo, 5 units of 2&2's, 1/2 block away, is pending at $159,000 per unit. We have a 3&2 house as well as 2&2's, and we are asking $150,000 per unit!!!
Last Agent to Sell the Property
Burton Commercial, Inc. License #01014173 Listed on: 05/29/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 21,780 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 2 Car Garage
- 5 Carport Spaces
Home Design
- 6,400 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Outdoor Features
- Private Pool
- Rain Gutters
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 628082014
Community Details
Overview
- 3 Buildings
- 7 Units
Recreation
- Community Pool
Building Details
- 7 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $350
- Insurance Expense $2,300
- Pool Expense $1,380
- Professional Management Expense $3,668
- Trash Expense $948
- Water Sewer Expense $1,400
- New Taxes Expense $16,590
- Gross Income $6,435
- Net Operating Income $45,173
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
Nov 8, 2023
Sold by
Bought by
Purchase Details
Listed on
May 29, 2015
Closed on
Jun 23, 2015
Sold by
Bought by
Seller's Agent
Tony Burton
Burton Commercial, Inc.
Buyer's Agent
Nathan Diones
REGIONCY REAL ESTATE
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Purchase Details
Closed on
Apr 28, 2010
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
$265,000
Interest Rate
4.94%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 29, 2009
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
$70,000
Interest Rate
5.37%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2005
Sold by
Bought by
Purchase Details
Closed on
Nov 29, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $969,500 | Fidelity National Title Co | ||
| -- | Accommodation | ||
| -- | Accommodation | ||
| -- | Accommodation | ||
| -- | Accommodation | ||
| -- | -- | ||
| -- | Orange Coast 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 |
|---|---|---|---|
| Previous Owner | $265,000 | ||
| Previous Owner | $70,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $100,000 |
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 |
|---|---|---|---|---|
| 07/21/2015 07/21/15 | Sold | $1,000,000 | -4.8% | $156 / Sq Ft |
| 06/19/2015 06/19/15 | Pending | -- | -- | -- |
| 05/21/2015 05/21/15 | For Sale | $1,050,000 | -- | $164 / 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 |
|---|---|---|---|---|
| 2026 | $17,315 | $1,170,051 | $454,006 | $716,045 |
| 2025 | $16,953 | $1,147,109 | $445,104 | $702,005 |
| 2023 | $16,953 | $1,102,568 | $427,821 | $674,747 |
| 2022 | $16,210 | $1,080,950 | $419,433 | $661,517 |
| 2021 | $15,478 | $1,059,756 | $411,209 | $648,547 |
| 2020 | $15,228 | $1,048,890 | $406,993 | $641,897 |
| 2019 | $14,979 | $1,028,324 | $399,013 | $629,311 |
| 2018 | $14,736 | $1,009,912 | $391,190 | $618,722 |
| 2017 | $14,476 | $990,145 | $383,520 | $606,625 |
| 2016 | $14,169 | $970,765 | $376,000 | $594,765 |
| 2015 | $10,869 | $691,250 | $163,936 | $527,314 |
| 2014 | $10,759 | $680,263 | $160,726 | $519,537 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton
-
Nathan Diones
Buyer's Agent in 2015
Nathan Diones
REGIONCY REAL ESTATE
(909) 709-3781
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW15109132
APN: 628-082-014
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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