NOT LISTED FOR SALE

Estimated Value: $822,000 - $1,053,000

5 Beds
5 Baths
3,176 Sq Ft
$303/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $990,000 $312 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,534/month

40 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Open Floorplan
  • Palm Springs High School Rated A-
  • Solar Power System
  • Midcentury Modern Architecture

About This Home

As of December 2020

Turn-Key, Mid-Century Triplex in the heart of Palm Springs! This Triplex has 3 separate addresses, One A.P.N. Newly updated in the last few years throughout including a New roof, paint inside and out, kitchen upgrades, bathrooms all upgraded and so much more. Front unit is 3 bedrooms and 3 full baths, back units are each 1/1 - No H.O.A., Solar panels are installed, keep them and take over the lease or have them removed your choice. The owner has spared no expense on this Desert Dream! The backyard features a Fire pit, BBQ, Custom putting green and Swimming Pool all private, quite and with unobstructed mountain views, no one will ever want to leave. This Triplex leaves nothing to the imagination, ready to move in to or a great investment. Very successful long term tenant only complex or live in one and tenants can help pay your mortgage!
Walking distance to downtown Palm Springs, shopping and restaurants . Buyers to verify all measurements, income and expenses. Do not miss out on this opportunity! Drive by and make Offer! Please do not disturb tenants.

Last Listed By

Stella McCauley

CENTURY 21 CITRUS REALTY INC License #02035398 Listed on: 09/18/2020

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,758

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 10,454 Sq Ft Lot
  • 1 Common Wall
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Secluded Lot
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Property Views

  • Mountain
  • Desert
  • Pool

Home Design

  • Triplex
  • Midcentury Modern Architecture
  • Turnkey
  • Composition Roof

Interior Spaces

  • 3,176 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Custom Window Coverings
  • French Doors
  • Entryway
  • Family Room
  • Living Room
  • Tile Flooring
  • Laundry Room

Kitchen

  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Combination Of Materials Used In The Driveway

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • In Ground Pool
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Assessor Parcel Number 508154003

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Palm Springs Golf And Tennis Subdivision
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,900
  • Trash Expense $1,250
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,000
  • Operating Expense $16,350
  • Gross Income $52,720
  • Net Operating Income $54,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,758

Year Built

Built in 1947 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 909-908-2375
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Palm Springs Golf and Tennis (33475)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R2
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 508154003
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Interior Amenities: In-Law Floorplan, Ceiling Fan(s), Open Floorplan, Stone Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: French Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 311.71
  • Room Type: All Bedrooms Down, Entry, Family Room, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Walk-In Closet
  • Window Features: Custom Covering

Exterior Features

  • Exterior Features: Barbecue Private, Lighting
  • View: Desert, Mountain(s), Pool
  • Fence: Yes
  • Fencing: Block, Privacy, Wrought Iron
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Heating Type: Central
  • Laundry Features: Community, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Foothills, Golf, Hiking

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Desert Back, Desert Front, Front Yard, Lot 10000-19999 Sqft, Secluded, Yard
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52720.00
  • Gross Scheduled Income: 62940.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 54120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 8820.00
  • Rent Control: Yes
  • Total Actual Rent: 5245.00
  • Total Expenses: 16350.00
  • Vacancy Allowance: 1400

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Area: 011003
  • Tax Census Tract: 448.06
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2024
Sold by
Davis Charles W
Bought by
Adcock Mark S
Total Days on Market
40
Current Estimated Value
$962,333

Purchase Details

Listed on
Sep 18, 2020
Closed on
Dec 4, 2020
Sold by
Camino Real Llc
Bought by
Adcock Mark S and Davis Charles W
Seller's Agent
Stella McCauley
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Unknown Member
List Price
$999,500
Sold Price
$990,000
Premium/Discount to List
-$9,500
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$718,875
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2017
Sold by
Shoaff Margaret J and Shoaff Willima
Bought by
Camino Real Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,200
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2016
Sold by
Shoaff William
Bought by
Cushing Aric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,200
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2014
Sold by
Sunzeri Pamela Jean
Bought by
Shoaff William and Shoaff Margaret J

Purchase Details

Listed on
Jul 16, 2012
Closed on
Jan 16, 2013
Sold by
Shoaff William and Shoaff Margaret J
Bought by
Sunzeri Pamela Jean
Seller's Agent
Matthew Battiata
Buyer's Agent
Aric Cushing/ Ascent
Meridian Capital Real Estate
List Price
$350,000
Sold Price
$375,000
Premium/Discount to List
$25,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$281,250
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 16, 2012
Closed on
Dec 17, 2012
Sold by
Genevoy Andre F
Bought by
Shoaff William and Shoaff Margaret J
Seller's Agent
Matthew Battiata
Buyer's Agent
Aric Cushing/ Ascent
Meridian Capital Real Estate
List Price
$350,000
Sold Price
$375,000
Premium/Discount to List
$25,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2006
Sold by
Genevoy Andre F
Bought by
Genevoy Andre F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2004
Sold by
Genevoy Andre
Bought by
Genevoy Andre F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2004
Sold by
Genevoy Andre F
Bought by
Genevoy Andre F

Purchase Details

Closed on
Sep 18, 1995
Sold by
Siegel Celia and Siegel Solomon
Bought by
Genevoy Andre F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 17, 1995
Sold by
Commonis William Mack and Siegel Celia
Bought by
Siegel Celia and Siegel Solomon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.8%
Mortgage Type
Seller Take Back

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
Adcock Mark S $43,000 Stewart Title Of California
Adcock Mark S $43,000 Stewart Title Of California
Adcock Mark S $990,000 Stewart Title Of Ca Inc
Camino Real Llc $706,500 Equity Title
Cushing Aric -- None Available
Shoaff William -- None Available
Sunzeri Pamela Jean -- None Available
Shoaff William $375,000 Title 365
Genevoy Andre F -- Southland Title
Genevoy Andre F -- --
Genevoy Andre -- New Century Title
Genevoy Andre F -- --
Genevoy Andre F -- Orange Coast Title
Siegel Celia $101,598 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adcock Mark S $718,875
Previous Owner Camino Real Llc $459,200
Previous Owner Shoaff William $358,200
Previous Owner Shoaff William $330,000
Previous Owner Shoaff William $281,250
Previous Owner Genevoy Andre F $495,000
Previous Owner Genevoy Andre $385,000
Previous Owner Genevoy Andre F $244,000
Previous Owner Genevoy Andre F $225,000
Previous Owner Genevoy Andre F $131,250
Previous Owner Genevoy Andre F $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $990,000 -1.0% $312 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $999,500 +41.5% $315 / Sq Ft
07/03/2017 07/03/17 Sold $706,500 +1.1% $222 / Sq Ft
04/24/2017 04/24/17 For Sale $699,000 +86.4% $220 / Sq Ft
01/14/2013 01/14/13 Sold $375,000 +7.1% $130 / Sq Ft
12/14/2012 12/14/12 Pending -- -- --
07/16/2012 07/16/12 For Sale $350,000 -- $122 / 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
2023 $13,758 $1,029,996 $260,100 $769,896
2022 $14,034 $1,009,800 $255,000 $754,800
2021 $13,763 $990,000 $250,000 $740,000
2020 $10,129 $735,042 $162,302 $572,740
2019 $9,966 $720,630 $159,120 $561,510
2018 $9,794 $706,500 $156,000 $550,500
2017 $6,576 $446,207 $139,064 $307,143
2016 $4,548 $295,423 $97,780 $197,643
2015 $4,316 $290,987 $96,312 $194,675
2014 $4,190 $285,288 $94,426 $190,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20191080

California Regional Multiple Listing Service (CRMLS)

APN: 508-154-003