NOT LISTED FOR SALE

Estimated Value: $704,000 - $805,000

3 Beds
3 Baths
2,451 Sq Ft
$310/Sq Ft Est. Value

Last Sold April 23, 2020

Last sale price $490,000 $200 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,668/month

39 Days on Market

Highlights

  • Gated Community
  • Midcentury Modern Architecture
  • Side by Side Parking
  • Palm Springs High School Rated A-
  • Secondary bathroom tub or shower combo
  • Linen Closet

About This Home

As of April 2020

This 1956 Mid-Century Styled Triplex has three 1-bedrooms & 1-full bathroom units, about 800 sq ft each. Through the main gate you enter the front courtyard with citrus trees & landscaping (room for future pool) and French Doors to each unit. Each unit's spacious Living Room leads to the adjoining Dining Room area (Unit #3 has a fireplace). Vintage Kitchen with 1950's green tile counter tops, white wood cabinets, gas ranges and refrigerators. Vintage Bathrooms with 1950's pink tile counter tops and tub/shower surround, plus a linen closet. Smooth Ceilings throughout all the units, and mostly Tile Floors & neutral colors as well. Individual Central A/C & Heating systems. Individual utility meters for electric, gas & water, including common areas. Exterior repainted in Feb 2020. 5 Uncovered off-street parking spaces. You Own the Land (Fee Simple)

Last Agent to Sell the Property

Jeffrey Johnson

Berkshire Hathaway HomeServices California Properties License #01305123 Listed on: 03/12/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Scott St. James

Engel & Völkers Palm Desert License #01944668

Engel & Völkers Palm Desert

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,137

Year Built

  • Built in 1956

Lot Details

  • 6,534

Home Design

  • Triplex
  • Midcentury Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,451 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Laundry Room

Kitchen

  • Gas Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Linen Closet
  • 3 Full Bathrooms
  • Tile Bathroom Countertop
  • Secondary bathroom tub or shower combo

Parking

  • 5 Car Parking Spaces
  • 5 Parking Garage Spaces
  • Side by Side Parking

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Sewer in Street

Additional Features

  • No Interior Steps
  • 6,534 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener
  • Assessor Parcel Number 508124018

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $2,370

Additional Features

  • 3 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,137

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Property Attached/Detached: No
  • Levels: Ground Level, No Unit Above, One
  • Building Number Of Stories: 1
  • Building Style: Mid Century
  • Disability Access: No Interior Steps
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 195.84
  • Lp Sp Ratio: 1.0200
  • Year Built: 1956
  • Co Selling Office Address: 500 S Palm Canyon Drive #101, Palm Springs, CA 92264
  • Co Selling Office Fax: (760) 424-3099
  • Internal Listing I D: 20200313154459478160000000
  • Listing I D: 219040638
  • Listing Member Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Listing Office Address: 74-990 Highway 111, Indian Wells, CA 92210
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 500 S Palm Canyon Drive #101, Palm Springs, CA 92264
  • Selling Office Fax: (760) 424-3099
  • Street Direction: S
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 2
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Number of Ranges: 3
  • Fireplace Features: Wood
  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 3
  • Bathroom Features: Linen Closet, Shower & Tub, Tile Counters
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Kitchen Features: Ceramic Counters, Tile Counters
  • Laundry Equipment: Own
  • Laundry: Community, Individual Room
  • Estimated Sq Ft: 2451.00

Exterior Features

  • Roofing: Flat
  • Paved: Yes

Garage/Parking

  • Parking: Side By Side
  • Parking Info Total Parking Spaces: 5.00
  • Total Uncovered Assigned Spaces: 5.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 4
  • Cooling Type: Central Air
  • Heating: Forced Air
  • Security: Gated Community
  • Sewer: In Street Paid
  • Number Gas Meter: 4
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 508124018
  • Lot Size: 6534.00

Rental Info

  • Owner Pays: Gardener
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1
  • Number Of Refrigerators: 3
  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Mar 20, 2020
Sold by
Gunning Phillip A
Bought by
Gima Gabriel Joshua
Seller's Agent
Jeffrey Johnson
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Scott St. James
Engel & Völkers Palm Desert
List Price
$480,000
Sold Price
$490,000
Premium/Discount to List
$10,000
2.08%
Current Estimated Value
$743,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,939
Avg. Annual Appreciation
8.64%
Original Mortgage
$445,665
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 2001
Sold by
Hills Charles D
Bought by
Ford James Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 1998
Sold by
Stinson Lawrence O
Bought by
Hills Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Gima Gabriel Joshua $490,000 Chicago Title
Ford James Michael $274,000 Orange Coast Title
Hills Charles D $122,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gima Gabriel Joshua $75,000
Open Gima Gabriel $447,000
Closed Gima Gabriel Joshua $445,665
Previous Owner Ford James Michael $186,800
Previous Owner Ford James Michael $203,200
Previous Owner Hills Charles D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Sold $490,000 0.0% $200 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
04/04/2020 04/04/20 Off Market $490,000 -- --
03/12/2020 03/12/20 For Sale $480,000 -- $196 / Sq Ft
Source: California Desert Association of REALTORS®

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 $7,137 $535,881 $164,045 $371,836
2023 $7,137 $515,075 $157,676 $357,399
2022 $7,269 $504,977 $154,585 $350,392
2021 $7,043 $495,076 $151,554 $343,522
2020 $4,679 $316,286 $78,483 $237,803
2019 $4,609 $310,086 $76,945 $233,141
2018 $4,534 $304,007 $75,437 $228,570
2017 $4,475 $298,047 $73,958 $224,089
2016 $4,361 $292,204 $72,508 $219,696
2015 $4,152 $287,817 $71,420 $216,397
2014 $4,052 $282,181 $70,022 $212,159
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219040638

California Desert Association of REALTORS®

APN: 508-124-018