$720,000
SOLD FEB 15, 2018

46342 Highway 74 Palm Desert, CA 92260

South Palm Desert Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Recently Sold

3% Below List Price

180 Days on Market

About This Home

As of December 2020

This beautiful low density, mid-century fourplex located in prime Palm Desert has recently received over $160,000 in renovations, including new: Pool, Interior/Exterior Paint, Lighting, Dual Pane Windows, Irrigation, Fascia Cover, Drainage, Flooring, Central HVAC, Appliances, Pool Equipment, Landscaping, Awnings, Roof Coating, Water Heaters and Blinds. The property is situated on a large 17,000+/- corner lot with excellent curb appeal and visibility. All Units currently tenant occupied. Unit 2 will move out early July and be listed for rent at $1,050.

Last Agent to Sell the Property

Kelly McLean

McLean Company Rentals License #01851647 Listed on: 06/29/2017

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,217

Year Built

1960

Lot Details

0

Listing Details

  • Active Date: 2017-06-29
  • Auto Sell: No
  • Credit Report Required: No
  • Current Geological: No
  • Driving Directions: North on Hwy 74. Turn left on Frontier Road to pull into the property. Building is located on the left hand side. Parking available on the street.
  • Elevators: No
  • Full Street Address: 46342 HIGHWAY 74
  • Land Included: No
  • Land Lease Purchase: No
  • Manager Approval: No
  • Mobile Home To Remain: No
  • Month To Month: No
  • Primary Object Modification Timestamp: 2018-02-17
  • Public Street: No
  • Staked: No
  • Street Lights: No
  • Total Number of Units: 4
  • Water Filled Furn Ins Required: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1960

Interior Features

  • ADA Accessible: No
  • Additions Alterations: No
  • Additional Land Available: 53340.00
  • Advertising Remarks: This beautiful low density, mid-century fourplex located in prime Palm Desert has recently received over $160,000 in renovations, including new: Pool, Interior/Exterior Paint, Lighting, Dual Pane Windows, Irrigation, Fascia Cover, Drainage, Flooring, Cent
  • Alley: No
  • Assessed Improvement Value: 307500.00
  • Assessed Land Value: 290000.00
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Building Permit: No
  • Annual Expense: 21336.00
  • Fireplace: No
  • Net Operating Income: 32004.00
  • Number Of Buildings: 1
  • Paved: No
  • Spa: No
  • Water Heaters: No
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 15963

Garage/Parking

  • Parking Spaces Total: 4
  • Parking Type: Carport

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace
  • Water Well: No

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Gross Operating Income: 53340.00
  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Dec 18, 2020
Sold by
Hessa Property Llc
Bought by
Vachon Stephane
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Unknown Member
List Price
$1,175,000
Sold Price
$1,120,000
Premium/Discount to List
-$55,000
-4.68%
Current Estimated Value
$1,363,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,691
Avg. Annual Appreciation
5.55%
Original Mortgage
$840,000
Outstanding Balance
$751,288
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$685,499

Purchase Details

Listed on
Sep 30, 2020
Closed on
Dec 16, 2020
Sold by
Rouse William
Bought by
Vachon Stephane
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Unknown Member
List Price
$1,175,000
Sold Price
$1,120,000
Premium/Discount to List
-$55,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$751,288
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$685,499

Purchase Details

Listed on
Jun 29, 2017
Closed on
Mar 1, 2018
Sold by
Haroutunian Samuel S and Haroutunian Anaid
Bought by
Hessa Property Llc
Seller's Agent
Kelly McLean
McLean Company Rentals
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$744,000
Sold Price
$720,000
Premium/Discount to List
-$24,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%

Purchase Details

Listed on
Jun 29, 2017
Closed on
Dec 21, 2017
Sold by
4 Eddte Properties Ii Llc
Bought by
Haroutunian Samuel S and Haroutunian Anaid
Seller's Agent
Kelly McLean
McLean Company Rentals
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$744,000
Sold Price
$720,000
Premium/Discount to List
-$24,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2017
Sold by
Edwards Walt and Edwards Kristin N
Bought by
4 Eddie Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2015
Closed on
Sep 23, 2015
Sold by
Nelson Don Oscar and Nelson Charlene
Bought by
Edwards Walt and Edwards Kristin N
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Howard Hanes
No Firm Affiliation
List Price
$598,000
Sold Price
$597,500
Premium/Discount to List
-$500
-0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$413,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2010
Sold by
Bank Of America National Association
Bought by
Nelson Don Oscar and Nelson Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,438
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2009
Sold by
Conroy Breda B and Lagsob Nelia L
Bought by
Bank Of America National Association

Purchase Details

Closed on
Feb 2, 2007
Sold by
Salazar Leticia L and Salazar Letocoa L
Bought by
Conroy Breda B and Lagsob Nelia L

Purchase Details

Closed on
Jun 9, 2006
Sold by
Turnbough Mary L Hutcheson
Bought by
Conroy Breda B and Lagsob Nelia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Interest Rate
8.33%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,120,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed -- None Available
Grant Deed $720,000 Chicago Title Company
Grant Deed -- None Available
Grant Deed $597,500 Lawyers Title Company
Grant Deed $371,500 Lawyers Title
Trustee Deed $323,000 Servicelink
Quit Claim Deed -- None Available
Grant Deed $815,000 Stewart Title Guaranty
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 New Conventional
Previous Owner $540,000 New Conventional
Previous Owner $413,000 Commercial
Previous Owner $278,438 Commercial
Previous Owner $652,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $1,120,000 -4.7% $258 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $1,175,000 +63.2% $270 / Sq Ft
02/15/2018 02/15/18 Sold $720,000 0.0% --
09/01/2017 09/01/17 Off Market $720,000 -- --
06/29/2017 06/29/17 For Sale $744,000 +24.5% --
10/27/2015 10/27/15 Sold $597,500 -0.1% $130 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $598,000 -- $131 / Sq Ft
Source: The MLS

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 $17,217 $1,212,322 $324,729 $887,593
2023 $17,217 $1,165,248 $312,120 $853,128
2022 $15,492 $1,142,400 $306,000 $836,400
2021 $15,126 $1,120,000 $300,000 $820,000
2020 $10,501 $749,088 $260,100 $488,988
2019 $10,324 $734,400 $255,000 $479,400
2018 $8,957 $621,639 $301,716 $319,923
2017 $8,797 $609,450 $295,800 $313,650
2016 $8,610 $597,500 $290,000 $307,500
2015 $6,304 $398,726 $139,620 $259,106
2014 $6,220 $390,918 $136,886 $254,032
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Bazerkanian

    RE/MAX

    Section Image

  • U

    Buyer's Agent in 2020

    Unknown Member

  • K

    Seller's Agent in 2018

    Kelly McLean

    McLean Company Rentals

    (760) 285-7577

    4 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    NonMember AgentDefault

    NonMember OfficeDefault

  • H

    Seller's Agent in 2015

    Howard Hanes

    No Firm Affiliation

See All Agents

Map

Source: The MLS

MLS Number: 17-244904PS

The MLS

APN: 628-091-004

California Riverside County Palm Desert 92260 South Palm Desert

46342 Highway 74, Palm Desert, CA

This home is located at 46342 Highway 74, Palm Desert, CA 92260 and is currently priced at $720,000. This property was built in 1960. 46342 Highway 74 is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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.
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