$225,000
SOLD DEC 17, 2018

66124 Acoma Ave Desert Hot Springs, CA 92240

4 Beds
3 Baths
2,096 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

6% Below List Price

111 Days on Market

Highlights

  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Forced Air Heating System

About This Home

As of December 2018

GREAT INVESTMENT UNITS AT AROUND 9% RATE...TRIPLEX FEATURING 2 UNITS THAT HAVE 2 BEDROOMS AND 2 BATHROOMS AND BACK UNIT UNIT FEATURING 2 BEDROOMS AND 1 BATHROOM...THREE (3) SEPARATE GAS AND ELECTRICAL METERS...TRIPLEX LOCATED NEAR CITY HALL, QUIET AREA WITH LONG TERM TENANTS...PROPERTY HAD SEVERE FIRE DAMAGE WHEN PURCHASE ON NOVEMBER 2015. REMODELING INCLUDED, NEW ROOF, NEW RE-WIRE, NEW PLUMBING, NEW WINDOWS, NEW ELECTRICAL METERS, NEW GAS LINES TO METERS, NEW BATHROOMS, NEW TILE FLOORING THROUGHOUT, NEW KITCHEN CABINETS AND GRANITE COUNTERTOPS, NEW PAINT, NEW STUCCO. PROPERTY WAS REBUILT. LONG TERMS TENANTS THAT ARE ON GREAT STANDING AND RENTS HAVEN'T BEEN RAISED FOR 3 YEARS...DRIVE BY ONLY...TENANTS NOT AWARE OF SALE...PLEASE DONT DISTURB TENANTS...

Last Agent to Sell the Property

JOSE MAS

Champions Real Estate License #01324458 Listed on: 08/14/2018

Last Buyer's Agent

JOSE MAS

Champions Real Estate License #01324458 Listed on: 08/14/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,084

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot
  • Desert faces the front of the property
  • 1 Common Wall
  • Wrought Iron Fence
  • Fence is in good condition
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt
  • Stucco

Interior Spaces

  • 2,096 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Mountain Views
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Auto Driveway Gate

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 8614
  • Assessor Parcel Number 641021035

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Pest Control $200
  • Trash Expense $960
  • Water Sewer Expense $1,000
  • New Taxes Expense $3,120
  • Operating Expense $3,060
  • Gross Income $23,100
  • Net Operating Income $23,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,084

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Unknown
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: R3
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 641021035
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 107.35
  • Room Type: All Bedrooms Down, Kitchen, Laundry

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Asphalt, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Desert Front
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 23100.00
  • Gross Operating Income: 23100.00
  • Gross Scheduled Income: 23100.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 23100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 3060.00

Tax Info

  • New Taxes Expense: 3120.00
  • Tax Census Tract: 445.07
  • Tax Lot: 25
  • Tax Tract Number: 8614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Nov 2, 2018
Sold by
Sanchez Magda Rey and Greenlee Kristi
Bought by
Ortega Gloria and Scroggins Anthony M
Seller's Agent
JOSE MAS
Champions Real Estate
Buyer's Agent
JOSE MAS
Champions Real Estate
List Price
$239,999
Sold Price
$225,000
Premium/Discount to List
-$14,999
-6.25%
Total Days on Market
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.33%
Original Mortgage
$168,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2018
Sold by
Mas Jose
Bought by
Greenlee Kristi

Purchase Details

Closed on
Aug 25, 2017
Sold by
Rey Sanchez Investments
Bought by
Sanchez Magda Rey

Purchase Details

Listed on
Jun 21, 2015
Closed on
Oct 9, 2015
Sold by
Rizzio Josephine Ann
Bought by
Rizzio Michael J
Seller's Agent
Meda Thompson
Platinum Star Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$80,000
Sold Price
$72,000
Premium/Discount to List
-$8,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.33%
Original Mortgage
$72,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 21, 2015
Closed on
Aug 24, 2015
Sold by
Medina Amy Y and Rizzio Michal J
Bought by
Rey Sanchez Investments
Seller's Agent
Meda Thompson
Platinum Star Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$80,000
Sold Price
$72,000
Premium/Discount to List
-$8,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2014
Sold by
Kincaid Rick
Bought by
Medina Amy Y and Rizzio Michael J

Purchase Details

Closed on
Aug 2, 2007
Sold by
Kincaid Rick
Bought by
Liquidation Properties Inc

Purchase Details

Closed on
Apr 20, 2006
Sold by
Kincaid Ruth
Bought by
Kincaid Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2006
Sold by
Robnett Kathy D
Bought by
Kincaid Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2005
Sold by
Landingham Charlie T
Bought by
Robnett Kathy D

Purchase Details

Closed on
Jan 10, 2000
Sold by
American Funding & Holding Trustee
Bought by
Landingham Charlie T and Landingham Betty L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,453
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 1996
Sold by
Home Svgs Of America Fsb
Bought by
American Funding & Holding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 1995
Sold by
Schmid Stanley W and Schmid Dorothy M
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $225,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title Company
Grant Deed $72,000 Ticor Title Company
Grant Deed -- None Available
Trustee Deed $168,334 Lsi Title
Interfamily Deed Transfer -- Southland Title Corporation
Grant Deed $205,000 Southland Title Corporation
Grant Deed -- Southland Title Corporation
Grant Deed $35,000 First American Title Co
Grant Deed $19,000 Investors Title Company
Trustee Deed $42,500 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $176,000 New Conventional
Closed $168,750 New Conventional
Previous Owner $72,000 Commercial
Previous Owner $93,000 Credit Line Revolving
Previous Owner $153,750 Commercial
Previous Owner $31,453 Commercial
Previous Owner $25,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 For Sale $650,000 +188.9% $310 / Sq Ft
12/17/2018 12/17/18 Sold $225,000 -6.2% $107 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $239,999 +233.3% $115 / Sq Ft
10/22/2015 10/22/15 Sold $72,000 -10.0% $35 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
06/21/2015 06/21/15 For Sale $80,000 -- $39 / 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 $7,084 $241,242 $80,413 $160,829
2022 $4,617 $236,513 $78,837 $157,676
2021 $4,546 $231,877 $77,292 $154,585
2020 $5,257 $229,500 $76,500 $153,000
2019 $4,337 $225,000 $75,000 $150,000
2018 $2,399 $74,907 $7,490 $67,417
2017 $2,293 $73,440 $7,344 $66,096
2016 $2,148 $72,000 $7,200 $64,800
2015 $6,944 $73,000 $15,000 $58,000
2014 $2,684 $92,000 $15,000 $77,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18197402

California Regional Multiple Listing Service (CRMLS)

APN: 641-021-035