NOT LISTED FOR SALE

66415 Desert View Ave Desert Hot Springs, CA 92240

Estimated Value: $295,000 - $328,000

2 Beds
4 Baths
1,541 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 02, 2012

Last sale price $53,500 $35 Per Sq Ft

Est. 482% increase in value since last sale

Current estimated payment $1,909/month

119 Days on Market

About This Home

As of October 2012

*** BANK VERBAL: $56,500 - WHO WANTS IT? ***

This is a fixer 4-unit apartment complex, currently occupied by owners. No tenants currently. Back unit is in mid-remodel. Owners utilizing 2 units as 1. 2 1bdrms and 2 studios total. Close to shopping and bus lines for your tenants. This is a project -- unclear if financing will be available. But at this price, awesome ROI is possible.[/br]
LIST PRICE EXCLUDES: Stove in unit 3,W/D in unit 3, window swamp coolers in units 2-3.


***AGENTS-PLEASE CHECK SUPPLEMENTS***

Last Agent to Sell the Property

Tim Hardin

COLDWELL BANKER REALTY License #01771911 Listed on: 11/28/2011

COLDWELL BANKER REALTY

Co-Listed By

Brian Bean

BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS License #01346382

Last Buyer's Agent

Efrain Orozco

GONZALO GONZALEZ, BROKER License #01739315

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,017

Year Built

  • Built in 1946

Lot Details

  • 0.3 Acre Lot

Home Design

  • 1,541 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Parking Available
  • Circular Driveway
  • Unpaved Parking
  • Unassigned Parking

Listing and Financial Details

  • Tax Lot 4344
  • Tax Tract Number 3
  • Assessor Parcel Number 641081016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $1,848
  • Professional Management Expense $2,112
  • Trash Expense $1,080
  • Water Sewer Expense $1,200
  • New Taxes Expense $1,200
  • Gross Income $2,200
  • Net Operating Income $15,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,017

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 16.50
  • Professional Management Expense: 2112.00
  • Subdivision Name Other: Desert View Estates (34004)
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 641081016
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 34.72

Garage/Parking

  • Parking: Yes
  • Parking Features: Circular Driveway, Unpaved, Driveway, Unassigned
  • Total Parking Spaces: 12.00

Utilities

  • Trash Expense: 1080.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 2200.00
  • Gross Multiplier: 3.60
  • Gross Scheduled Income: 26400.00
  • Gross Spendable Income: 14520.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 13068.0000 Square Feet
  • Maintenance Expense: 1848.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 15670.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9410.00
  • Operating Expense Percent: 35.60
  • Rent Control: No
  • Vacancy Allowance: 1320
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Lot: 4344
  • Tax Tract Number: 3
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2025
Sold by
Jones Tocinda
Bought by
Jones Kevin
Current Estimated Value
$311,500

Purchase Details

Closed on
Sep 8, 2017
Sold by
J Squared Investments
Bought by
Jones Kevin L

Purchase Details

Closed on
Mar 14, 2013
Sold by
Robinson Myrna
Bought by
Not Provided

Purchase Details

Listed on
Nov 28, 2011
Closed on
Sep 12, 2012
Sold by
Patterson Charles and Patterson Melinda
Bought by
Robinson Myrna
Seller's Agent
Tim Hardin
COLDWELL BANKER REALTY
Buyer's Agent
Efrain Orozco
GONZALO GONZALEZ, BROKER
List Price
$99,900
Sold Price
$53,500
Premium/Discount to List
-$46,400
-46.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.52%

Purchase Details

Closed on
Nov 1, 2004
Sold by
Husted Claire E
Bought by
Patterson Charles and Patterson Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,850
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2002
Sold by
Desert Growth Trust
Bought by
Husted Claire E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,125
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2002
Sold by
Beringer Michael K
Bought by
Desert Growth Trust

Purchase Details

Closed on
Sep 28, 2000
Sold by
Staiton Richard
Bought by
Beringer Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2000
Sold by
Beringer Aurea G
Bought by
Beringer Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 1999
Sold by
Burk Ruth A
Bought by
Staiton Richard

Purchase Details

Closed on
Jul 2, 1998
Sold by
Hud
Bought by
Burk Ruth A

Purchase Details

Closed on
Apr 30, 1997
Sold by
Mason Howard F and Mason Kimberly W
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 23, 1997
Sold by
Wells Fargo Bank National Assn
Bought by
Hud

Purchase Details

Closed on
Apr 11, 1994
Sold by
Donalds Marita
Bought by
Mason Howard F and Mason Kimberly W
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 Buyer Sale Price Title Company
Jones Kevin -- None Listed On Document
Jones Kevin L -- None Available
Jones Kevin L -- None Available
Jones Kevin J -- None Available
Not Provided -- None Available
Robinson Myrna $53,500 None Available
Patterson Charles $321,000 Orange Coast Title Co
Husted Claire E $141,500 Commonwealth Land Title Co
Desert Growth Trust -- Commonwealth Land Title Co
Beringer Michael K $140,000 First American Title Co
Beringer Michael K -- First American Title Co
Staiton Richard $35,000 Northern Counties Title
Burk Ruth A $19,000 First Southwestern Title Co
Wells Fargo Bank Na $84,146 American Title Co
Hud -- American Title
Mason Howard F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Charles $272,850
Previous Owner Husted Claire E $127,125
Previous Owner Beringer Michael K $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2012 10/02/12 Sold $53,500 -46.4% $35 / Sq Ft
03/26/2012 03/26/12 Pending -- -- --
11/28/2011 11/28/11 For Sale $99,900 -- $65 / 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
2025 $3,017 $41,846 $32,011 $9,835
2023 $3,017 $80,472 $30,767 $49,705
2022 $3,471 $78,895 $30,164 $48,731
2021 $2,991 $77,349 $29,573 $47,776
2020 $2,937 $260,100 $62,424 $197,676
2019 $5,147 $255,000 $61,200 $193,800
2018 $2,797 $73,586 $28,135 $45,451
2017 $2,663 $72,144 $27,584 $44,560
2016 $2,482 $70,731 $27,044 $43,687
2015 $1,151 $69,671 $26,639 $43,032
2014 $1,121 $68,308 $26,118 $42,190
Source: Public Records

Agents Affiliated with this Home

  • Tim Hardin

    Seller's Agent in 2012

    Tim Hardin

    COLDWELL BANKER REALTY

    (951) 367-5821

    63 Total Sales

    Tim Hardin
    Section Image
  • Brian Bean

    Seller Co-Listing Agent in 2012

    Brian Bean

    BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS

    (951) 314-5402

    75 Total Sales

    Brian Bean
    Section Image

  • E

    Buyer's Agent in 2012

    Efrain Orozco

    GONZALO GONZALEZ, BROKER

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I11153690

California Regional Multiple Listing Service (CRMLS)

APN: 641-081-016

California Riverside County Desert Hot Springs 92240

66415 Desert View Ave, Desert Hot Springs, CA

This home is located at 66415 Desert View Ave, Desert Hot Springs, CA 92240 since 28 November 2011 and is currently estimated at $311,500, approximately $202 per square foot. This property was built in 1946. 66415 Desert View Ave is a home located in Riverside County with nearby schools including Two Bunch Palms Elementary School, Painted Hills Middle School, and Desert Hot Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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