NOT LISTED FOR SALE
5 Beds
5 Baths
3,600 Sq Ft
0.32 Acres Lot

Sale Details

Date Sold: January 21, 2022

Last sale price $1,601,000 $445 Per Sq Ft

20 Days on Market

Highlights

  • Panoramic View
  • 13,939 Sq Ft lot
  • Property is near park
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • Private Lot

About This Home

As of January 2022

Great Opportunity for Potential Income Near Downtown Palm Springs! Investors, Landlords, Hotel Owners, Buyers looking to use one apartment while making income! Your opportunity to develop this beautiful 5 unit property with spectacular Mountain Views. Large13,939 sq.ft. lot with room for pool and possible additional units. Currently 4 large 1 bedroom apartments with fireplaces and 1 studio. All units have patios. Owner using units for storage and will be delivered empty of tenants. Many potential options for additional units or boutique hotel. Buyers should rely on their own due diligence with City Permit Department. Or make this your private compound with potential income. Adequate parking for over 6 units. Hurry, opportunities for properties of this quality and location do not come frequently & sell fast in today's market. Call to tour this handsome property ready for your development and income.

Last Agent to Sell the Property

Paul Pedrazas

HomeSmart License #01767560 Listed on: 12/17/2021

HomeSmart

Last Buyer's Agent

John Burge

Bennion Deville Homes License #01489191

Bennion Deville Homes

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1957

Lot Details

  • 13,939 Sq Ft Lot
  • Lot Dimensions are 99x139
  • West Facing Home
  • Private Lot
  • Level Lot
  • Lawn

Property Views

  • Panoramic
  • Mountain

Home Design

  • Midcentury Modern Architecture
  • Modern Architecture
  • Entry on the 1st floor

Interior Spaces

  • 3,600 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Brick Fireplace
  • Living Room with Fireplace
  • 4 Fireplaces
  • Utility Room
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • 8 Parking Garage Spaces
  • Side by Side Parking
  • Unassigned Parking

Location

  • Ground Level
  • Property is near park

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 508220018

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Warm Sands Subdivision

Amenities

  • Laundry Facilities

Building Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1957

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces West
  • Levels: Ground Level, No Unit Above
  • Building Number Of Stories: 4
  • Building Style: Mid Century, Modern
  • Entry Floor: 1
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 415.28
  • Lp Sp Ratio: 1.0700
  • View Type: Mountain(s), Panoramic
  • Year Built: 1957
  • Internal Listing I D: 20211218030208682225000000
  • Listing I D: 219071568
  • Listing Member Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Member Fax: (888) 269-3169
  • Listing Office Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 201 N Palm Canyon Drive, Suite 120, Palm Springs, CA 92262
  • Selling Office Address: 201 N Palm Canyon Drive, Suite 120, Palm Springs, CA 92262
  • Selling Office Fax: (760) 327-3991
  • Street Direction: S
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Warm Sands
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Brick
  • Flooring: Ceramic Tile
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Laundry Equipment: Own
  • Laundry: Community
  • Estimated Sq Ft: 3600.00

Exterior Features

  • View: Yes
  • Paved: Yes

Garage/Parking

  • Parking: Side By Side, Unassigned
  • Parking Info Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 8.00

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Fire Alarm
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 5
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 508220018
  • Lot Description: Lawn, Private, Level
  • Lot Dimensions: 99x139
  • Lot Location: Park Nearby
  • Lot Size: 13939.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 4
  • Total Units: 5

MLS Schools

  • School District: Palm Springs Unified
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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 List to Sale Price per Sq Ft Prior Sale
01/21/2022 01/21/22 Sold $1,601,000 +7.1% $445 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
12/17/2021 12/17/21 For Sale $1,495,000 +63.4% $415 / Sq Ft
07/29/2019 07/29/19 Sold $915,000 -3.6% $254 / Sq Ft View Prior Sale
05/17/2019 05/17/19 Pending -- -- --
05/04/2019 05/04/19 For Sale $949,000 -- $264 / 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 $21,745 $1,698,990 $389,932 $1,309,058
2023 $21,745 $1,633,019 $374,791 $1,258,228
2022 $13,668 $942,967 $216,418 $726,549
2021 $13,415 $924,478 $212,175 $712,303
2020 $12,862 $915,000 $210,000 $705,000
2019 $12,825 $910,350 $208,080 $702,270
2018 $12,607 $892,500 $204,000 $688,500
2017 $3,767 $182,338 $90,493 $91,845
2016 $3,652 $178,764 $88,719 $90,045
2015 $3,446 $176,082 $87,388 $88,694
2014 $3,285 $172,634 $85,677 $86,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219071568

California Desert Association of REALTORS®

APN: 508-220-018

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