$65,000
SOLD SEP 24, 2014

6445 Palm View Ave 29 Palms, CA 92277

4 Beds
2 Baths
1,392 Sq Ft
7,800 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

8% Above List Price

196 Days on Market

Highlights

  • RV Access or Parking
  • Evaporated cooling system
  • Wall Furnace
  • No HOA
  • 2 Attached Carport Spaces
  • 1-Story Property

About This Home

As of March 2015

Instant Positive Cash Flow with these Well maintained 2 units including both 6443 & 6445 Palm View Ave. Each unit has 2 Bedrooms & 1 Bath, Kitchen & Living Room and Both units are currently rented. Wall heaters in each plus Evaporative Cooling systems. Units have separate meters for water, electric and natural gas. Units have a Total Size of of 1,392 SqFt and lot of 7,800 SqFt. At this price you can live in one, rent out the other and have a very low cost of living. Huge concrete driveway for RV Parking or Multiple cars, plus a second concrete driveway and carport.

Last Agent to Sell the Property

Tom Fosmire

Thomas V. Fosmire, Broker License #00900963 Listed on: 01/14/2014

Last Buyer's Agent

Tom Fosmire

Thomas V. Fosmire, Broker License #00900963 Listed on: 01/14/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1959

Lot Details

  • 7,800 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,392 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • RV Access or Parking

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 2874
  • Tax Tract Number 40
  • Assessor Parcel Number 0623034180000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $25
  • Insurance Expense $400
  • Maintenance Expense $2,500
  • Professional Management Expense $1,200
  • Water Sewer Expense $300
  • New Taxes Expense $900
  • Gross Income $12,000
  • Net Operating Income $6,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,538

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.22
  • Price Per Unit: 40250
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 0623034180000
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 46.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, RV Access/Parking
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 696
  • Electric Expense: 25.00
  • Gross Income: 12000.00
  • Gross Multiplier: 6.70
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 400.00
  • Lot Size Area: 7800.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 6620.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 5350.00
  • Rent Control: No
  • Total Actual Rent: 1050.00

Tax Info

  • New Taxes Expense: 900.00
  • Tax Lot: 2874
  • Tax Tract Number: 40
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Seehusen Brent and Seehusen Sara
Bought by
Serrano Llamas Lenin and Serrano Danielle
Current Estimated Value
$275,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2015
Closed on
Mar 23, 2015
Sold by
Muhleman Daniel
Bought by
Seehusen Brent and Seehusen Sara
Seller's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
Buyer's Agent
Elena Paulino
Prestige Properties
List Price
$79,900
Sold Price
$69,500
Premium/Discount to List
-$10,400
-13.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.87%

Purchase Details

Listed on
Jan 14, 2014
Closed on
Sep 4, 2014
Sold by
Dela Paz John F
Bought by
Muhleman Daniel and Muhleman Jillian
Seller's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
Buyer's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
List Price
$60,000
Sold Price
$65,000
Premium/Discount to List
$5,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%

Purchase Details

Closed on
Jul 7, 2014
Sold by
Delpa Group Llc
Bought by
Dela Paz John F

Purchase Details

Closed on
Nov 14, 2006
Sold by
Joy Dela Paz John F
Bought by
Delpa Group Llc

Purchase Details

Closed on
Aug 23, 2006
Sold by
Elizabeth Suzunn
Bought by
Joy Dela Paz John F and Joy De La Paz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2004
Sold by
Elizabeth Suzunn
Bought by
Elizabeth Suzunn

Purchase Details

Closed on
Jun 8, 2004
Sold by
Cicero Richard Lo
Bought by
Elizabeth Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2002
Sold by
Mitchell Elmer
Bought by
Locicero Richard

Purchase Details

Closed on
Jul 30, 1996
Sold by
Dixon Mark J
Bought by
Mitchell Elmer

Purchase Details

Closed on
Jan 24, 1995
Sold by
Garcia Roberta L
Bought by
Dixon Mark J
Source: Public Records

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 Type Sale Price Title Company
Grant Deed $156,000 Fidelity National Title Ie
Grant Deed $69,500 Document Processing Solution
Grant Deed $65,000 Chicago Title Co
Grant Deed -- Chicago Title Co
Grant Deed -- None Available
Grant Deed $160,000 Orange Coast Title
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $45,000 Chicago Title Company
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $9,000 --
Grant Deed -- First American Title Ins Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $189,000 New Conventional
Previous Owner $114,000 New Conventional
Previous Owner $128,000 Purchase Money Mortgage
Previous Owner $42,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2015 03/24/15 Sold $69,500 -13.0% $50 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $79,900 +22.9% $57 / Sq Ft
09/24/2014 09/24/14 Sold $65,000 +8.3% $47 / Sq Ft
07/29/2014 07/29/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $60,000 -- $43 / 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 $2,538 $160,830 $42,887 $117,943
2023 $2,426 $157,676 $42,046 $115,630
2022 $2,368 $154,585 $41,222 $113,363
2021 $2,341 $151,554 $40,414 $111,140
2020 $2,314 $150,000 $40,000 $110,000
2019 $1,462 $74,878 $10,774 $64,104
2018 $1,427 $73,410 $10,563 $62,847
2017 $1,405 $71,971 $10,356 $61,615
2016 $1,749 $70,560 $10,153 $60,407
2015 $1,321 $65,000 $10,000 $55,000
2014 $1,660 $115,800 $42,100 $73,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14012205

California Regional Multiple Listing Service (CRMLS)

APN: 0623-034-18