NOT LISTED FOR SALE

Estimated Value: $533,000 - $757,000

8 Beds
4 Baths
3,360 Sq Ft
$195/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $595,000 $177 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,254/month

144 Days on Market

Highlights

  • Near a National Forest
  • Hiking Trails
  • Laundry Room
  • No HOA
  • Evaporated cooling system
  • Stacked Washer and Dryer

About This Home

As of April 2023

This incredible 4 plex situated in downtown Joshua Tree is a PHENOMENAL INVESTMENT OPPORTUNITY! Centrally located near everything Joshua Tree has to offer, you'll be impressed right away by the extensive concrete parking pad, amazing mountain views, and beautiful mature landscaping that surrounds this property. As you explore, you'll notice the first unit even has its own concrete patio area outside. You'll be pleased to know that all units share the same 2 bedroom, 1 bath floorplan on the inside. With three of the units currently being rented and one vacant, this property would be perfect for someone looking to use it as both an investment property and a primary residence. Step inside the vacant unit to find a clean, inviting space. The living room is generously sized with large windows, and is open to the dining area. In the dining space, you'll find sliding glass doors that lead out to a small backyard surrounded by wooden privacy fencing – you'll be pleased to know that each of the units has its own private backyard space like this. Tile flooring flows into the kitchen, which has plenty of cabinetry and counterspace, as well as a gas stove. Moving on, you'll find each of the two bedrooms to be spacious with large windows, while the bathroom enjoys a tub/shower combo. Covering practical matters, each unit also has its own indoor stacked laundry unit, built-in storage in the hallway, and a wall heater and swamp cooler for year round climate control. Three of the 4 units are currently rented and all are on a month to month basis. All 4 units have their own electric and water meters, owner pays for water and trash. Virtual tour links for #A https://my.matterport.com/show/?m=wqpn4Kn5LEH Unit B: https://my.matterport.com/show/?m=2vw2xbsZm6k Unit C: https://my.matterport.com/show/?m=cn83Xc4h3fD Unit D: https://my.matterport.com/show/?m=YLAfWPrgd7N

Last Listed By

Sean Dittmer

C & S Real Estate, Inc. License #02038631 Listed on: 11/11/2022

C & S Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,395

Year Built

  • Built in 1987

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Back Yard

Home Design

  • 3,360 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 2817
  • Assessor Parcel Number 0603201100000
  • $847 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Near a National Forest

Recreation

  • Hiking Trails

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,023
  • Trash Expense $70
  • Water Sewer Expense $200
  • Operating Expense $2,293
  • Net Operating Income $49,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,395

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 160000
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 200.00
  • Zoning: JT/RM
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0603201100000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 177.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Closet, Inside, Stackable
  • Sewer: Conventional Septic
  • Trash Expense: 70.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Blm/National Forest, Hiking, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 11250.00
  • Lot Size Acres: 0.2583

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 840 Square Feet
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 2023.00
  • Lot Size Area: 11250.0000 Square Feet
  • Net Operating Income: 49560.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 3240.00
  • Rent Control: Yes
  • Total Actual Rent: 2562.00
  • Total Expenses: 2293.00

Tax Info

  • Tax Census Tract: 104.20
  • Tax Lot: 23
  • Tax Tract Number: 2817
  • TaxOtherAnnualAssessmentAmount: 847.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Murillo Javier C and Murillo Juana S
Bought by
Murillo Family Trust and Murillo
Total Days on Market
144
Current Estimated Value
$656,205

Purchase Details

Closed on
Feb 10, 2023
Sold by
Hollingsworth Linda
Bought by
Murillo Javier C and Murillo Juana S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,750
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 2, 2012
Closed on
Jan 27, 2012
Sold by
Rdc Jerson Llc
Bought by
Hollingsworth Linda
Seller's Agent
Leslie Briskman
HomeSmart
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$169,000
Sold Price
$175,000
Premium/Discount to List
$6,000
3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.55%
Original Mortgage
$131,250
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2010
Sold by
Us Bank National Association
Bought by
Rdc Jerson Llc

Purchase Details

Closed on
Jul 26, 2010
Sold by
Lawrence Kimberly
Bought by
Us Bank National Association

Purchase Details

Closed on
Apr 21, 2005
Sold by
Lawrence Kimberly
Bought by
Lawrence Kimberly and Thibodeaux Richard

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
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 15, 2004
Sold by
Cartwright Kenneth
Bought by
Lawrence Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Cartwright Kathryn
Bought by
Cartwright Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2003
Sold by
Miller Michael A
Bought by
Cartwright Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2003
Sold by
Davis David W
Bought by
Miller Michael A and Miller Cheryl F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.54%

Purchase Details

Closed on
Jun 17, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Davis David W and Davis Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
7%

Purchase Details

Closed on
Feb 11, 1998
Sold by
Davis Sally E
Bought by
Federal Home Loan Mortgage Corporation

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
Murillo Family Trust -- First American Title
Murillo Javier C $595,000 Orange Coast Title Company
Hollingsworth Linda $185,000 Fidelity National Title
Rdc Jerson Llc $110,000 First American Title Company
Us Bank National Association $186,300 Accommodation
Lawrence Kimberly -- --
Lawrence Kimberly $300,000 Fidelity National Title Co
Cartwright Kenneth -- Fidelity National Title
Cartwright Kenneth $170,000 Fidelity National Title
Miller Michael A $170,000 First American
Davis David W $48,000 First American Title Co
Federal Home Loan Mortgage Corporation $49,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murillo Javier C $386,750
Previous Owner Hollingsworth Linda $131,250
Previous Owner Cartwright Kenneth $100,000
Previous Owner Lawrence Kimberly $270,000
Previous Owner Cartwright Kenneth $136,000
Previous Owner Miller Michael A $136,000
Previous Owner Davis David W $79,100
Previous Owner Davis David W $64,400
Previous Owner Davis David W $38,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $595,000 -7.0% $177 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $640,000 0.0% $190 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/23/2023 01/23/23 Price Changed $640,000 -1.5% $190 / Sq Ft
11/11/2022 11/11/22 For Sale $650,000 +271.4% $193 / Sq Ft
03/15/2012 03/15/12 Sold $175,000 +3.6% $52 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $169,000 -- $50 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $7,395 $606,900 $61,200 $545,700
2023 $2,960 $211,277 $14,489 $196,788
2022 $2,907 $207,134 $14,205 $192,929
2021 $2,877 $203,072 $13,926 $189,146
2020 $2,857 $200,990 $13,783 $187,207
2019 $2,997 $197,049 $13,513 $183,536
2018 $2,810 $193,185 $13,248 $179,937
2017 $2,785 $189,397 $12,988 $176,409
2016 $2,743 $185,683 $12,733 $172,950
2015 $2,692 $182,894 $12,542 $170,352
2014 $2,715 $179,311 $12,296 $167,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT22240098

California Regional Multiple Listing Service (CRMLS)

APN: 0603-201-10