NOT LISTED FOR SALE

Estimated Value: $1,518,301

7 Beds
9 Baths
3,864 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2019

Last sale price $925,000 $239 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $9,568 / mo

158 Days on Market

Highlights

  • In Ground Pool
  • 13,400 Sq Ft lot
  • Views
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • Forced Air Heating and Cooling System

About This Home

As of August 2019

Imagine the possibilities, a swanky mid-century vacation rental hotel or a comminuty living center or edlerly care facility. 7 units total. 5 studio, 2 One BR. All kitchens removed in all but 1 unit. Beatiful courtyard pool with mountains views.

Last Agent to Sell the Property

Rich La Rue

HomeSmart License #01793617 Listed on: 02/18/2019

HomeSmart

Last Buyer's Agent

Rich La Rue

HomeSmart License #01793617 Listed on: 02/18/2019

HomeSmart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 13,400 Sq Ft Lot
  • Lot Dimensions are 100x134
  • West Facing Home

Parking

  • 6 Car Parking Spaces

Home Design

  • 3,864 Sq Ft Home
  • Midcentury Modern Architecture
  • Modern Architecture
  • Slab Foundation
  • Block Exterior

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms

Additional Features

  • In Ground Pool
  • Forced Air Heating and Cooling System
  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 508220020

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Warm Sands Subdivision

Recreation

  • Community Pool

Building Details

  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces West
  • Levels: Ground Level, No Unit Above
  • Price Per Unit: 166500.00
  • Builders Tract Code: Warm Sands
  • Building Style: Mid Century, Modern
  • List Price per Sq Ft: 258.54
  • Lp Sp Ratio: 0.9259
  • Year Built: 1956
  • Internal Listing I D: 20190608184826487664000000
  • Listing I D: 219005807
  • Listing Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Member Fax: (760) 424-3669
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Selling Member Fax: (760) 424-3669
  • Selling Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 844-7550
  • Street Direction: S
  • Land Type: Fee
  • Subdivision: Warm Sands
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 9.00
  • Three Quarter Bathrooms: 9
  • Estimated Sq Ft: 3864.00

Exterior Features

  • Construction: Block
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Location: Community, Private
  • View: Yes

Garage/Parking

  • Parking Info Total Parking Spaces: 6.00

Utilities

  • Number Electric Meters: 7
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Sewer: Unknown
  • Number Gas Meter: 1
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 508220020
  • Lot Dimensions: 100X134
  • Lot Size: 13400.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2021
Sold by
Portola 111 Re Venture Llc
Bought by
Dkat Lp
Current Estimated Value
$1,518,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2019
Sold by
Los Feliz Hills Llc
Bought by
Portola 111 Re Venture Llc

Purchase Details

Closed on
Dec 10, 2016
Sold by
Los Feliz Hills Llc
Bought by
Triliegi Elizabeth C

Purchase Details

Closed on
May 27, 2005
Sold by
Ralke Michael E and Triliegi Elizabeth C
Bought by
Los Feliz Hills Llc

Purchase Details

Closed on
Mar 15, 2005
Sold by
Desert View Properties Llc
Bought by
Ralke Michael E and Triliegi Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2002
Sold by
Meyerhoff Betty Smith and Smith Betty
Bought by
Desert View Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7.08%
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
Dkat Lp $1,200,000 Fidelity National Title
Portola 111 Re Venture Llc $925,000 Fidelity National Title
Triliegi Elizabeth C -- None Available
Los Feliz Hills Llc -- --
Ralke Michael E $1,100,000 Orange Coast Title
Desert View Properties Llc $350,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dkat Lp $800,000
Previous Owner Ralke Michael E $446,000
Previous Owner Desert View Properties Llc $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2019 08/07/19 Sold $925,000 -7.4% $239 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
06/22/2019 06/22/19 Price Changed $999,000 -9.2% $259 / Sq Ft
05/22/2019 05/22/19 For Sale $1,100,000 0.0% $285 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $1,100,000 0.0% $285 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $1,100,000 -- $285 / 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 $17,561 $1,319,929 $324,729 $995,200
2023 $17,561 $1,268,676 $312,120 $956,556
2022 $17,637 $1,224,000 $306,000 $918,000
2021 $13,867 $934,582 $181,864 $752,718
2020 $13,271 $925,000 $180,000 $745,000
2019 $18,890 $1,374,508 $312,384 $1,062,124
2018 $18,561 $1,351,033 $306,259 $1,044,774
2017 $18,304 $1,324,611 $300,254 $1,024,357
2016 $17,798 $1,301,232 $294,367 $1,006,865
2015 $17,054 $1,281,779 $289,947 $991,832
2014 $10,016 $706,000 $250,000 $456,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219005807

California Desert Association of REALTORS®

APN: 508-220-020

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