NOT LISTED FOR SALE

567 Desert Way Palm Springs, CA 92264

Demuth Park Neighborhood
5 Beds
5 Baths
3,250 Sq Ft
10,199 Sq Ft Lot

Last Sold October 21, 2013

Last sale price $465,000 $143 Per Sq Ft

190 Days on Market

Highlights

  • No Interior Steps
  • 1-Story Property
  • Heating Available
  • Palm Springs High School Rated A-
  • Level Lot

About This Home

As of October 2013

This property consists of 5 Units, all one-bedroom/one-bath units. Current rents are $700 per unit with month-to-month leases (rents have not been increased in 7 years). Nicely maintained and managed by local owner. Please ask for the Financial Statement showing income, expenses and a summary of improvements. Please also see the property for sale at 540 Desert Way (MLS #21474002) with a similar unit mix and rents. Seller prefers to sell both properties together but will consider selling separately.

Last Agent to Sell the Property

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 04/09/2013

Coldwell Banker Realty

Co-Listed By

Richard Chamberlin

Coldwell Banker Realty License #01232493

Last Buyer's Agent

Out Side Agent

Desert Real Estate Consultants, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,988

Year Built

  • Built in 1981

Lot Details

  • 10,199 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 3,250 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Accessible Home Design

  • No Interior Steps

Utilities

  • Heating Available
  • Property is located within a water district
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 680033009

Community Details

Overview

  • 5 Units
  • Demuth Park Subdivision

Building Details

  • 5 Separate Electric Meters
  • Insurance Expense $1,288
  • Trash Expense $1,523
  • Gross Income $3,525
  • Net Operating Income $30,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,988

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 99800.00
  • Builders Tract Code: Demuth Park
  • Disability Access: No Interior Steps
  • List Price per Sq Ft: 153.54
  • Lp Sp Ratio: 0.9319
  • Water District Name: CVWD
  • Year Built: 1981
  • Co Listing Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 325-4578
  • Internal Listing I D: 20190608184133056422000000
  • Listing I D: 21474019
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Fax: (760) 999-9999
  • Subdivision: Demuth Park
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 5
  • Number of Ranges: 5
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3250.00

Exterior Features

  • Construction: Stucco
  • Foundation: Slab
  • Numberof Patios: 5

Utilities

  • Number Electric Meters: 5
  • Heating Fuel: Electric
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Electric
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 680033009
  • Lot Description: Level
  • Lot Size: 10199.00

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity

Tax Info

  • Annual Tax: 5988.00

Multi Family

  • Number Of Refrigerators: 5
  • Total Units: 5

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

Property History

Date Event Price Change Sq Ft Price
10/21/2013 10/21/13 Sold $465,000 -13.7% $143 / Sq Ft
10/16/2013 10/16/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $539,000 -- $166 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Doug Fischer

    Coldwell Banker Realty

    Section Image

  • R

    Seller Co-Listing Agent in 2013

    Richard Chamberlin

    Coldwell Banker Realty

  • O

    Buyer's Agent in 2013

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21474019

California Desert Association of REALTORS®

APN: 680-033-009

California Riverside County Palm Springs 92264 Demuth Park

567 Desert Way, Palm Springs, CA

This home is located at 567 Desert Way, Palm Springs, CA 92264 since 09 April 2013. This property was built in 1981. 567 Desert Way is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High 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.

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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