$340,000
SOLD JUL 25, 2017

66365 5th St Desert Hot Springs, CA 92240

-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Recently Sold

13% Below List Price

60 Days on Market

About This Home

As of July 2017

Cute, unique income producing property. 4 units between 3 buildings. Unit 1 & 2 are 1 bdr's approx. 680 sq ft in one building. Unit 3 2 bdr 2 ba, has laundry hook ups, roof top patio, approx 1,200 sq ft, one building with unit 4's storage & laundry at end of building. Unit 4 2 bdr 2ba stand alone approx 800 sq ft but has a laundry room & storage (approx 250 sq ft) for only unit 4 use across the courtyard. Spanish tile roof, redone approx 5 years ago. 6 parking spaces for tenant & guest use. All properties are fenced with their own private yards. All tenants have use of open common area. The property is quite charming, not a cookie cutter complex

Last Agent to Sell the Property

Carol Berger

Desert Lifestyle Properties License #01419366 Listed on: 04/09/2017

Desert Lifestyle Properties

Co-Listed By

Michael Larson

Desert Lifestyle Properties License #01416326

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,562

Year Built

1948

Lot Details

0

Listing Details

  • Active Date: 2017-06-02
  • Driving Directions: north on Palm drive, turn left on 5th. On the left side about 1/2 mile down. Drive by only. Do not disturb occupants. Back on market pending cancellation of contract.
  • Full Street Address: 66365 5TH ST
  • Primary Object Modification Timestamp: 2017-07-25
  • Total Number of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Appliances: Range
  • Additional Land Available: 37500.00
  • Advertising Remarks: Cute, unique income producing property. 4 units between 3 buildings. Unit 1 & 2 are 1 bdr's approx. 680 sq ft in one building. Unit 3 2 bdr 2 ba, with laundry hookups, roof top patio, approx 1,200 sq ft, one building with unit 4's storage & laundry at
  • Assessed Improvement Value: 182745.00
  • Assessed Land Value: 40610.00
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Annual Expense: 4200.00
  • Gross Rent Multiplier: 10.37
  • Net Operating Income: 33300.00
  • Number Of Buildings: 3
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 12885

Garage/Parking

  • Parking Spaces Total: 6
  • Parking Type: Unassigned

Utilities

  • Heating Type: Central Furnace

Condo/Co-op/Association

  • Amenities: Banquet Facilities
  • HOA: No

Multi Family

  • Gross Operating Income: 37500.00
  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2017
Closed on
Jul 6, 2017
Sold by
Thompson Lance Dean and Rothmiller David Owen
Bought by
Dennis Clifford
Seller's Agent
Carol Berger
Desert Lifestyle Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$389,000
Sold Price
$340,000
Premium/Discount to List
-$49,000
-12.6%
Current Estimated Value
$646,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,790
Avg. Annual Appreciation
9.65%
Original Mortgage
$333,841
Interest Rate
3.89%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 19, 2016
Closed on
Mar 3, 2016
Sold by
Winkle Robin Lee and Winkle Robin L
Bought by
Thompson Lance Dean and Rothmiller David Owen
Seller's Agent
Paul Wong
HomeSmart
Buyer's Agent
Paul Wong
HomeSmart
List Price
$318,888
Sold Price
$300,000
Premium/Discount to List
-$18,888
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.95%

Purchase Details

Closed on
Sep 26, 2014
Sold by
Winkle Ronald R and Winkle Michelle A
Bought by
Winkle Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2010
Sold by
Winkle Robin L and Winkle Ronda L
Bought by
Winkle Ronald R and Winkle Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2004
Sold by
Crawford Byron
Bought by
Crawford Dianna E
Source: Public Records

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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 $340,000 Orange Coast Title Company
Grant Deed $300,000 Title 365
Grant Deed $220,000 Lawyers Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Southland Title
Grant Deed $140,000 Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,498 FHA
Closed $333,841 FHA
Previous Owner $165,000 Commercial
Previous Owner $95,200 Commercial
Previous Owner $39,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2017 07/25/17 Sold $340,000 -12.6% --
06/08/2017 06/08/17 Pending -- -- --
04/09/2017 04/09/17 For Sale $389,000 +29.7% --
03/30/2016 03/30/16 Sold $300,000 -5.9% --
02/29/2016 02/29/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $318,888 -- --
Source: The MLS

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
2025 $6,562 $722,512 $51,200 $671,312
2023 $6,562 $371,836 $49,213 $322,623
2022 $6,643 $364,547 $48,249 $316,298
2021 $6,539 $357,400 $47,303 $310,097
2020 $6,320 $353,736 $46,818 $306,918
2019 $6,229 $346,800 $45,900 $300,900
2018 $6,057 $340,000 $45,000 $295,000
2017 $5,533 $306,000 $51,000 $255,000
2016 $4,317 $223,355 $40,610 $182,745
2015 $2,918 $220,000 $40,000 $180,000
2014 $2,018 $145,863 $35,004 $110,859
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Carol Berger

    Desert Lifestyle Properties

    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Michael Larson

    Desert Lifestyle Properties

    Section Image

  • N

    Buyer's Agent in 2017

    NonMember AgentDefault

    NonMember OfficeDefault

  • P

    Seller's Agent in 2016

    Paul Wong

    HomeSmart

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-216966PS

The MLS

APN: 639-212-011

California Riverside County Desert Hot Springs 92240

66365 5th St, Desert Hot Springs, CA

This home is located at 66365 5th St, Desert Hot Springs, CA 92240 and is currently priced at $340,000. This property was built in 1948. 66365 5th St is a home located in Riverside County with nearby schools including Painted Hills Middle School and Desert Hot Springs High School.

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