NOT LISTED FOR SALE

511 E Chuckwalla Rd Palm Springs, CA 92262

El Mirador Neighborhood
5 Beds
5.5 Baths
3,341 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: April 1, 2021

Last sale price $731,000 $219 Per Sq Ft

207 Days on Market

Highlights

  • In Ground Pool
  • Property is near public transit
  • Private Yard
  • Mountain View
  • Traditional Architecture
  • Covered Patio or Porch

About This Home

As of April 2021

5 Units, Pool, 2 blocks from downtown. Just completed $50,000 capital improvements! Excellent investment opportunity conveniently located next to desirable downtown Palm Springs with great appreciation potential.Submit your offers, this opportunity will not be on the market long.For all property questions (condition, tenancy, and history) call Kitty(Property Manager): 760-218-0922, for questions regarding the sale call Leonard: 760-578-8480.

Last Agent to Sell the Property

Leonard Bustos

Moving Results Realty License #00865572 Listed on: 07/20/2020

Last Buyer's Agent

Paul Linger

Compass License #02023795

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 10,890 Sq Ft Lot
  • North Facing Home
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Private Yard

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 3,341 Sq Ft Home
  • 1-Story Property
  • Vertical Blinds
  • Entryway
  • Family Room
  • Living Room
  • Dining Room
  • Mountain Views
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • Direct Access Garage
  • 6 Car Parking Spaces
  • 6 Parking Garage Spaces
  • Shared Driveway
  • On-Street Parking
  • Unassigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool
  • Pool Sweep
  • Pool Tile

Outdoor Features

  • Covered Patio or Porch
  • Awning

Location

  • Ground Level
  • Property is near public transit

Schools

  • Katherine Finchy Elementary School
  • Raymond Cree Middle School
  • Palm Springs High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Overhead Utilities
  • Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, water, trash collection, pool service, gardener, gas
  • Assessor Parcel Number 507024009

Community Details

Overview

  • Association fees include building & grounds, trash, water, utilities, electricity, sewer, security, maintenance paid, insurance, gas
  • 5 Units
  • Central Palm Springs Subdivision

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,456
  • Trash Expense $1,695
  • Gross Income $65,280
  • Net Operating Income $41,494

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces North
  • Levels: Ground, One, Ground Level, No Unit Above
  • Price Per Unit: 115.00
  • Building Style: Traditional
  • Entry Floor: 1
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 222.99
  • Lp Sp Ratio: 0.9800
  • View Type: Mountain(s)
  • Year Built: 1960
  • Internal Listing I D: 20210207193444253058000000
  • Listing I D: 219056969
  • Listing Member Address: 67690 Ramon Rd, Cathedral City, CA 92234
  • Listing Office Address: 67690 Ramon Rd, Cathedral City, CA 92234
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 74-199 El Paseo, Suite 200, Palm Desert, CA 92260
  • Selling Office Fax: (949) 335-7281
  • Street Direction: E
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Central Palm Springs
  • Unit Information Number Of Units Leased: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 5
  • Number of Ranges: 5
  • Flooring: Carpet, Tile
  • Total Bedrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Laundry: Individual Room, Laundry Area
  • Estimated Sq Ft: 3341.00
  • Windows Treatments: Awnings, Vertical Blinds

Exterior Features

  • Construction: Frame, Hard Coat Stucco
  • Roofing: Composition Shingle
  • Foundation: Slab
  • Patio: Awning(s), Covered
  • Pool: Yes
  • Pool Accessories: Pool Sweep, Safety Gate, Safety Fence
  • Pool Construction: In Ground, Tile
  • Pool Description: Community, Tile, In Ground, Fenced
  • Pool Location: Community
  • View: Yes
  • Numberof Patios: 5
  • Paved: Yes

Garage/Parking

  • Parking: Direct Entrance, Unassigned, Shared Driveway, On Street
  • Parking Info Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 6.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s), Evaporative Cooling, Central Air
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In Street Paid, In, Connected and Paid
  • Water: In Street
  • Water Heater Feature: Water Heater Unit
  • Number Gas Meter: 1
  • Water Heater: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Trash, Water, Utilities, Electricity, Sewer, Security, Maintenance Paid, Insurance, Gas

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 507024009
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Description: Landscaped, Utilities - Overhead, Yard, Utilities Underground, Single Lot, Street Public, Street Paved, Street Lighting, Storm Drains, Private, Level
  • Lot Location: Near Public Transit
  • Lot Size: 10890.00

Rental Info

  • Owner Pays: Electricity, Water, Trash Collection, Pool Service, Gardener, Gas
  • Tenant Pays: Cable TV
  • Land Lease Type: Fee Simple

Multi Family

  • Rent Control: Yes
  • Number Of Dishwashers: 5
  • Number Of Refrigerators: 5
  • Total Units: 5

MLS Schools

  • Elementary School: Katherine Finchy
  • High School: Palm Springs
  • Junior Middle School: Raymond Cree
  • Other Schools: Creative Beginnings

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

Listed on
Jul 20, 2020
Closed on
Mar 26, 2021
Sold by
Bought by
Seller's Agent
Leonard Bustos
Moving Results Realty
Buyer's Agent
Paul Linger
Compass
List Price
$745,000
Sold Price
$731,000
Premium/Discount to List
-$14,000
-1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$347,717
Interest Rate
2.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 27, 2006
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
$489,063
Interest Rate
6.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 5, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2001
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
$209,250
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2000
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
$140,000
Interest Rate
8.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 11, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 2, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$731,000 Western Resources Title
$260,000 Accommodation
-- Chicago Title Company
$500,000 Chicago Title Co
$279,000 Chicago Title Co
$155,000 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
Open $500,000
Previous Owner $489,063
Previous Owner $209,250
Previous Owner $140,000
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
04/01/2021 04/01/21 Sold $731,000 -1.9% $219 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
07/20/2020 07/20/20 For Sale $745,000 -- $223 / 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
2026 $10,662 $807,079 $161,193 $645,886
2025 $10,915 $791,255 $158,033 $633,222
2023 $10,915 $760,532 $151,898 $608,634
2022 $11,111 $745,620 $148,920 $596,700
2021 $9,787 $643,865 $135,205 $508,660
2020 $9,402 $637,264 $133,819 $503,445
2019 $9,260 $624,770 $131,196 $493,574
2018 $10,963 $612,521 $128,624 $483,897
2017 $10,399 $600,511 $126,102 $474,409
2016 $9,196 $588,737 $123,630 $465,107
2015 $8,866 $579,896 $121,774 $458,122
2014 $5,061 $310,000 $115,000 $195,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Leonard Bustos

    Moving Results Realty

    (760) 578-8480

    37 Total Sales

    Leonard Bustos
    Section Image
  • Paul Linger

    Buyer's Agent in 2021

    Paul Linger

    Compass

    (760) 902-0045

    1 in this area

    101 Total Sales

    Paul Linger
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219056969

California Desert Association of REALTORS®

APN: 507-024-009

California Riverside County Palm Springs 92262 El Mirador

511 E Chuckwalla Rd, Palm Springs, 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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