NOT LISTED FOR SALE

66421 2nd St Desert Hot Springs, CA 92240

Estimated Value: $241,000 - $465,000

4 Beds
2 Baths
1,872 Sq Ft
$193/Sq Ft Est. Value

Last Sold April 20, 2016

Last sale price $138,987 $74 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $2,268/month

112 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 2 Car Garage
  • Property is near public transit

About This Home

As of April 2016

Investor Opportunity, There are 12 Doors over 4 buildings This is ; 2/12 Doors 1/4 Buildings! Seller Says Lets make a deal! This duplex is very central to Transportation, grocery stores, and a short drive to just about everything. Garages, and designated vistor parking in the drive way nestled out of the way for garage access Please do not disturb tenants. Annual Gross scheduled income is $18,000. inquire direct for full financial setup.

Last Agent to Sell the Property

Maria Barrantes Adair

MPA Exchange, Inc License #01907060 Listed on: 02/22/2016

Last Buyer's Agent

Reggie Bickford

AACAL License #01809665

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,476

Year Built

  • Built in 1983

Lot Details

  • 6,534 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 251
  • Assessor Parcel Number 639251046

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Trash Expense $660
  • New Taxes Expense $1,885
  • Gross Income $1,475
  • Net Operating Income $11,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,476

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.99
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 639251046
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 74.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 660.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 21.27
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 1475.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 11355.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5747.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1885.00
  • Tax Lot: 45
  • Tax Tract Number: 251

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 30, 2016
Sold by
Wedgewood Mortgage Llc
Bought by
Aacal Inc and Rabgrl 2 Revocable Trust
Seller's Agent
Maria Barrantes Adair
MPA Exchange, Inc
Buyer's Agent
Reggie Bickford
AACAL
List Price
$162,500
Sold Price
$138,987
Premium/Discount to List
-$23,513
-14.47%
Current Estimated Value
$361,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,346
Avg. Annual Appreciation
10.56%
Original Mortgage
$135,000
Outstanding Balance
$107,108
Interest Rate
3.64%
Mortgage Type
Commercial
Estimated Equity
$254,225

Purchase Details

Closed on
Dec 30, 2014
Sold by
Mistaya Llc
Bought by
Wedgewood Mtg

Purchase Details

Closed on
Sep 29, 2009
Sold by
Volturo John R
Bought by
Mistaya Llc

Purchase Details

Closed on
May 6, 2005
Sold by
Lawrence Dale E
Bought by
Volturo John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 12, 2003
Sold by
Hwang Jeannie
Bought by
Lawrence Dale E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
6.25%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Aacal Inc $697,500 Stewart Title
Wedgewood Mtg -- None Available
Mistaya Llc $60,000 Equity Title Orange County-I
Volturo John R $255,000 First American Title Co Rive
Lawrence Dale E $105,000 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aacal Inc $135,000
Previous Owner Volturo John R $204,000
Previous Owner Lawrence Dale E $78,750
Closed Lawrence Dale E $15,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2016 04/20/16 Sold $138,987 -14.5% $74 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $162,500 -- $87 / 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 $4,476 $177,564 $17,755 $159,809
2023 $4,476 $170,670 $17,066 $153,604
2022 $4,514 $167,325 $16,732 $150,593
2021 $4,464 $164,045 $16,404 $147,641
2020 $4,361 $162,364 $16,236 $146,128
2019 $4,301 $159,181 $15,918 $143,263
2018 $4,155 $156,060 $15,606 $140,454
2017 $3,981 $153,000 $15,300 $137,700
2016 $3,193 $65,414 $16,351 $49,063
2015 $1,662 $64,433 $16,106 $48,327
2014 $3,361 $63,173 $15,792 $47,381
Source: Public Records

Agents Affiliated with this Home

  • Maria Barrantes Adair

    Seller's Agent in 2016

    Maria Barrantes Adair

    MPA Exchange, Inc

    (760) 409-1884

    1 in this area

    10 Total Sales

    Maria Barrantes Adair
    Section Image
  • Reggie Bickford

    Buyer's Agent in 2016

    Reggie Bickford

    AACAL

    (858) 349-9164

    11 in this area

    11 Total Sales

    Reggie Bickford
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15268099

California Regional Multiple Listing Service (CRMLS)

APN: 639-251-046

California Riverside County Desert Hot Springs 92240

66421 2nd St, Desert Hot Springs, CA

This home is located at 66421 2nd St, Desert Hot Springs, CA 92240 since 22 February 2016 and is currently estimated at $361,333, approximately $193 per square foot. This property was built in 1983. 66421 2nd St is a home located in Riverside County with nearby schools including 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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