NOT LISTED FOR SALE

470 E Avenida Olancha Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $970,000 - $2,495,940

5 Beds
5 Baths
1,550 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $2,000,000 $1,290 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $10,814/month

49 Days on Market

Highlights

  • In Ground Pool
  • Panoramic View
  • Fireplace in Patio
  • Palm Springs High School Rated A-
  • Side by Side Parking
  • Tile Flooring

About This Home

As of March 2021

New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Bacana is a 5-bedroom, 5-bathroom compound perfectly situated at the end of a little cul-de-sac in sunny South Palm Springs. Overlooking the beautiful San Jacinto mountain range, this flexible vacation home is designed to be simple, fresh, and efficient. The compound has been completely reimagined to accommodate families, friends and large groups with fully furnished designer rooms, efficient kitchens, top-of-the-line appliances and original artwork. The five micro living spaces have three full kitchens, two mini bars and five spa-like bathrooms. The compound has been designed to provide each suite with a view of the new salt-water pool, spa, mountains and garden. Bacana has been thoughtfully and thoroughly designed to ensure a comfortable and efficient living experience. The spacious cabana includes a 10-person dining and seating area with a professional culinary demonstration kitchen, all with commanding views of the mountains and pool. Also included in the outdoor kitchen is a BBQ, two-burner cooktop, dishwasher and full sink. Completing the cabana is a large outdoor fireplace, two industrial fans, LED lighting and a recessed flat-screen television. The home comes fully furnished and professionally decorated.

Last Agent to Sell the Property

Brandi Pratt

eXp Realty of California, Inc. License #01968872 Listed on: 01/13/2021

Last Buyer's Agent

Outside Agent

Newport Beach Assoc of Realto License #000000000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 8,276 Sq Ft Lot
  • West Facing Home

Property Views

  • Panoramic
  • Mountain
  • Pool

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Tile Flooring
  • Security Lights

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • 4 Parking Garage Spaces
  • Side by Side Parking

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Additional Features

  • Fireplace in Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 508353022

Community Details

Overview

  • 3 Units
  • Tahquitz River Estates Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Property Orientation Faces: Leisure Faces West
  • Levels: One
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 1290.32
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s), Pool, Panoramic
  • Year Built: 1949
  • Internal Listing I D: 20210303201958054156000000
  • Listing I D: 219058244
  • Listing Office Address: 47060 Washington St., Ste 5202, La Quinta, CA 92253
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: NOT AVAILABLE, UNKNOWN, OS
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Tahquitz River Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Patio
  • Fireplace Features: Gas
  • Flooring: Tile
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Estimated Sq Ft: 1550.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated
  • View: Yes

Garage/Parking

  • Parking: Side By Side
  • Parking Info Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 4.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Security: Exterior Security Lights
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 1

Lot Info

  • Assessor Parcel Number: 508353022
  • Lot Size: 8276.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1
  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Feb 19, 2021
Sold by
Lim Christopher
Bought by
Pac 3 Ca 2021 Llc
Seller's Agent
Brandi Pratt
eXp Realty of California, Inc.
Buyer's Agent
Outside Agent
Newport Beach Assoc of Realto
List Price
$2,000,000
Sold Price
$2,000,000
Current Estimated Value
$1,670,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$329,353
Avg. Annual Appreciation
-3.56%

Purchase Details

Closed on
Aug 7, 2019
Sold by
Lim Christopher
Bought by
Lim Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,750
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 9, 2015
Closed on
Jan 22, 2016
Sold by
U S Bank National Association
Bought by
Lim Chistopher
Seller's Agent
Debbie DiMaggio
First Team Real Estate
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$369,000
Sold Price
$440,000
Premium/Discount to List
$71,000
19.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.17%

Purchase Details

Closed on
Aug 31, 2015
Sold by
Montenegro Bernadette Rose
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 16, 2011
Sold by
Secor J Michelle
Bought by
Montenegro Bernadette Rose

Purchase Details

Closed on
Dec 16, 2005
Sold by
Montenegro Bernadette Rose
Bought by
Secor J Michelle and Montenegro Bernadette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2000
Sold by
Gordon William B and Gordon Sheila M
Bought by
Secor J Michelle and Montenegro Bernadette

Purchase Details

Closed on
May 12, 1997
Sold by
Roger Hostin
Bought by
Gordon William B and Gordon Sheila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Pac 3 Ca 2021 Llc $2,000,000 Lawyers Title
Lim Christopher $308,909 Cornerstone Title Company
Lim Chistopher $440,000 Old Republic Title Company
U S Bank National Association $404,000 Accommodation
Montenegro Bernadette Rose -- None Available
Secor J Michelle -- Commonwealth Land Title Co
Montenegro Bernadette Rose -- Commonwealth Land Title Co
Secor J Michelle $25,500 First American Title Co
Gordon William B $33,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lim Christopher $399,750
Previous Owner Montenegro Bernadette Rose $496,000
Previous Owner Gordon William B $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2026 02/20/26 For Sale $175,000 -91.3% $113 / Sq Ft
03/03/2021 03/03/21 Sold $2,000,000 0.0% $1,290 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $2,000,000 +354.5% $1,290 / Sq Ft
01/29/2016 01/29/16 Sold $440,000 +19.2% $284 / Sq Ft View Prior Sale
12/24/2015 12/24/15 Pending -- -- --
12/09/2015 12/09/15 For Sale $369,000 -- $238 / Sq Ft
Source: California Desert Association of REALTORS®

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 $26,797 $2,164,864 $541,216 $1,623,648
2023 $26,797 $2,080,800 $520,200 $1,560,600
2022 $27,333 $2,040,000 $510,000 $1,530,000
2021 $7,521 $506,483 $129,949 $376,534
2020 $6,850 $471,598 $128,617 $342,981
2019 $6,802 $466,930 $127,344 $339,586
2018 $6,690 $457,776 $124,848 $332,928
2017 $6,602 $448,800 $122,400 $326,400
2016 $5,083 $333,000 $95,000 $238,000
2015 $3,983 $195,571 $50,142 $145,429
2014 $3,481 $191,741 $49,160 $142,581
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2026

    Maxx Rifkin

    Pacaso Inc.

  • B

    Seller's Agent in 2021

    Brandi Pratt

    eXp Realty of California, Inc.

  • O

    Buyer's Agent in 2021

    Outside Agent

    CRMLS

  • D

    Seller's Agent in 2016

    Debbie DiMaggio

    First Team Real Estate

  • N

    Buyer's Agent in 2016

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219058244

California Desert Association of REALTORS®

APN: 508-353-022

California Riverside County Palm Springs 92264 Tahquitz River Estates

470 E Avenida Olancha, Palm Springs, CA

Not Listed for Sale

MultiFamily

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