Seller's Agent in 2017
Sarah Martin
Real Broker
(714) 317-9002
65 Total Sales
10
Beds
7
Baths
84,060
Sq Ft
4.2
Acres
Highlights
- Gated Parking
- 182,952 Sq Ft lot
- No HOA
- Gated Community
- Fireplace in Kitchen
- 3-minute walk to South Jackson Park
About This Home
As of April 2017First Team Commercial is pleased to exclusively present the Desert Oasis Apartments. This 90 unit offering located in Indio, California is situated on a sizable and well-maintained 4.2 acre lot. It consists of (4) one bedroom, (28) two bedroom, (48) three bedroom, and (10) four bedroom garden style apartments. This property offers the new owner an opportunity to obtain a strong asset in the fastest growing area of the Coachella Valley. Desert Oasis is an affordable apartment community which has a project-based Section 8 HUD contract in place. The current Section 8 contract became effective on January 01, 2012 and expires December 31, 2031. Desert Oasis is well positioned to capitalize on the current economic growth and redevelopment of Indio, as well as the forecasted growth and population increase of Indio and the outlying Palm Springs area.
Last Buyer's Agent
Jesse Elsanhuty
Jesse Elsanhuty, Broker License #01773542
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974 | Remodeled
Lot Details
- 4.2 Acre Lot
- Two or More Common Walls
- Wrought Iron Fence
Home Design
- Apartment
- Fire Rated Drywall
- Stucco
Interior Spaces
- 84,060 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
- Fireplace in Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Parking
- 95 Parking Spaces
- Parking Available
- Gated Parking
Additional Features
- Accessible Parking
- Exterior Lighting
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 1
- Tax Tract Number 495
- Assessor Parcel Number 614060015
Community Details
Overview
- No Home Owners Association
- 15 Buildings
- 90 Units
- Greenbelt
Building Details
- 90 Leased Units
- 90 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $6,028
- Insurance Expense $26,732
- Maintenance Expense $52,852
- Professional Management Expense $93,401
- Trash Expense $24,605
- Water Sewer Expense $27,881
- New Taxes Expense $119,016
- Operating Expense $518,193
- Gross Income $1,091,125
- Net Operating Income $549,769
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2017 04/04/17 | Sold | $11,000,000 | +1.9% | $131 / Sq Ft |
| 12/08/2016 12/08/16 | Pending | -- | -- | -- |
| 11/30/2016 11/30/16 | For Sale | $10,800,000 | -- | $128 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $42,760 | $12,766,442 | $3,481,756 | $9,284,686 |
| 2023 | $42,760 | $12,270,707 | $3,346,556 | $8,924,151 |
| 2022 | $31,026 | $12,030,106 | $3,280,938 | $8,749,168 |
| 2021 | $29,403 | $11,794,222 | $3,216,606 | $8,577,616 |
| 2020 | $34,733 | $11,673,288 | $3,183,624 | $8,489,664 |
| 2019 | $33,207 | $11,444,400 | $3,121,200 | $8,323,200 |
| 2018 | $33,180 | $11,232,338 | $3,060,000 | $8,172,338 |
| 2017 | $73,564 | $3,330,097 | $588,511 | $2,741,586 |
| 2016 | $72,529 | $3,265,187 | $576,972 | $2,688,215 |
| 2015 | $68,775 | $3,219,240 | $568,306 | $2,650,934 |
| 2014 | $68,155 | $3,158,837 | $557,175 | $2,601,662 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Martin
-
Wendy Smith
Seller Co-Listing Agent in 2017
Wendy Smith
First Team Real Estate
(562) 760-2325
14 Total Sales
-
J
Buyer's Agent in 2017
Jesse Elsanhuty
Jesse Elsanhuty, Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16755544
APN: 614-060-015
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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