$540,000
SOLD JUL 2, 2019
4 Beds
4 Baths
2,700 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

8% Below List Price

276 Days on Market

About This Home

As of July 2019

This 4-unit property is located within one of Palm Springs' most popular rental areas, Warm Sands. Located in the South End of PS, it is close to restaurants, downtown and night life. This is a quiet street. This property includes a good rental mix of 1-2 bedroom unit (owner unit), 2-1 bedroom units, and a large studio. Property is low maintenance with few monthly expenses for its operation. Currently all units are rented. Separate electrical meters for each unit. Tenants pay most of their own utilities. Property consists of two buildings.

Last Agent to Sell the Property

Tim Welberry

HomeSmart Professionals License #01439966 Listed on: 08/20/2018

HomeSmart Professionals

Co-Listed By

Greg Gray

Last Buyer's Agent

Brian Droze

RE/MAX TerraSol

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,276

Year Built

1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Style: Spanish
  • Levels: One
  • Advertising Remarks: This 4-unit property is located within one of Palm Springs' most popular rental areas, Warm Sands. Located in the South End of PS, it is close to restaurants, downtown and night life. This is a quiet street. This property includes a good rental mix of 1-2 bedroom unit (owner unit), 2-1 bedroom units, and a large studio. Property is low maintenance with few monthly expenses for its operation. Currently all units are rented. Separate electrical meters for each unit. Tenants pay most of their own utilities. Property consists of two buildings.
  • Builders Tract Code: 7100
  • Building Type: Detached
  • Exclusions: Buyer to verify square footage, permits, etc.
  • Year Built: 1936
  • Price Per Sq Ft: 208.33
  • Special Features: None

Interior Features

  • Equipment: Ceiling Fan, Refrigerator
  • Bedrooms: 4
  • Full Bathroom: 4
  • Total Bathrooms: 4.00
  • Laundry: Inside, Outside
  • Living Area: 2700

Exterior Features

  • Fence: Wood
  • Stories: 1
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Details: Assigned, Driveway, Parking Space
  • Total Parking: 4

Utilities

  • Sprinklers: Sprinkler System
  • Cooling: Ceiling Fan, Swamp Cooler(s), Wall/Window
  • Sewer: In Street Paid
  • Water: Public

Lot Info

  • Zoning: R2
  • Assessor Parcel Number: 508-124-012
  • Lot Size Area: 6098

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2019
Sold by
Parson Mike
Bought by
Parson Mike

Purchase Details

Listed on
Aug 20, 2018
Closed on
Jun 18, 2019
Sold by
Ruiz Maria Elena
Bought by
Parson Mike
Seller's Agent
Tim Welberry
HomeSmart Professionals
Buyer's Agent
Brian Droze
RE/MAX TerraSol
List Price
$590,000
Sold Price
$540,000
Premium/Discount to List
-$50,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%
Original Mortgage
$378,000
Outstanding Balance
$333,072
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$833,928

Purchase Details

Closed on
Nov 17, 2004
Sold by
Lee Norman D and Lee Patsy L
Bought by
Ruiz Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,300
Interest Rate
5.74%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $540,000 Wfg Title Company Of Ca
Grant Deed $405,500 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 New Conventional
Open $378,000 New Conventional
Previous Owner $303,000 Commercial
Previous Owner $162,300 Commercial
Previous Owner $46,331 FHA
Previous Owner $59,469 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $1,199,000 +122.0% $488 / Sq Ft
07/02/2019 07/02/19 Sold $540,000 -4.0% $200 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
03/08/2019 03/08/19 Price Changed $562,500 -4.7% $208 / Sq Ft
08/20/2018 08/20/18 For Sale $590,000 -- $219 / 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 $8,276 $1,063,017 $118,111 $944,906
2023 $8,276 $567,634 $113,526 $454,108
2022 $8,422 $556,504 $111,300 $445,204
2021 $8,273 $545,593 $109,118 $436,475
2020 $7,947 $540,000 $108,000 $432,000
2019 $8,715 $514,806 $187,427 $327,379
2018 $8,578 $504,712 $183,753 $320,959
2017 $8,440 $494,816 $180,150 $314,666
2016 $8,187 $485,115 $176,618 $308,497
2015 $7,199 $477,830 $173,966 $303,864
2014 $6,720 $468,471 $170,559 $297,912
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 18-377514

California Desert Association of REALTORS®

APN: 508-124-012