NOT LISTED FOR SALE

66718 8th St Desert Hot Springs, CA 92240

Estimated Value: $665,000 - $1,107,000

8 Beds
8 Baths
3,296 Sq Ft
$238/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $490,000 $149 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,738/month

35 Days on Market

Highlights

  • Mountain View
  • Side by Side Parking
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

Amazing income producing oppurtunity! Located high in the 'Spa Zone' neighborhood, this outstanding 4plex has a new roof, decking, city sewer connection and water line connection in last two years. Well maintained and managed complex, maintenance was done consistently and pride of ownership shows. Long term residents lease property with historically no defaults on payment. Renovated in 2012 with solid cabinetry, granite countertops and flooring makes for attractive, well built complex. Each unit has own appliances including washer/dryer refrigerator and off street parking. Presently unit lease is $925/month which is comparatively low. Identical complex adjacent to selling property fees over $1000/unit without renovation status. Present owners have maintained low fees because of quality of tenants.This amazing opportunity will go fast!

Last Agent to Sell the Property

Nicholas Miller

HomeSmart License #01700987 Listed on: 02/10/2021

Last Buyer's Agent

Jose Marin

Marin Realty Group License #01753895

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,416

Year Built

  • Built in 1977

Lot Details

  • 7,841

Interior Spaces

  • 3,296 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • 4 Parking Garage Spaces
  • Side by Side Parking
  • On-Street Parking

Additional Features

  • 7,841 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 639154013

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,416

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Attached/Detached: No
  • Levels: Two
  • List Price per Sq Ft: 150.18
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s)
  • Year Built: 1977
  • Internal Listing I D: 20210210191855113066000000
  • Listing I D: 219057129
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 246 W 4th St., Perris, CA 92570
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Total Bedrooms: 8
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Estimated Sq Ft: 3296.00

Exterior Features

  • View: Yes

Garage/Parking

  • Parking: On Street, Side By Side
  • Parking Info Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 4.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 639154013
  • Lot Size: 7841.00

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2023
Sold by
Marin Manuel
Bought by
Manuel Marin Macias Living Trust
Current Estimated Value
$785,545

Purchase Details

Listed on
Feb 10, 2021
Closed on
Apr 16, 2021
Sold by
Marin Manuel
Bought by
Marin Manuel and Marin Jose M
Seller's Agent
Nicholas Miller
HomeSmart
Buyer's Agent
Jose Marin
Marin Realty Group
List Price
$495,000
Sold Price
$490,000
Premium/Discount to List
-$5,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$345,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 2, 2021
Sold by
Gonzalez Gabriela Marin
Bought by
Marin Manuel
Seller's Agent
Nicholas Miller
HomeSmart
Buyer's Agent
Jose Marin
Marin Realty Group
List Price
$495,000
Sold Price
$490,000
Premium/Discount to List
-$5,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2021
Closed on
Feb 17, 2021
Sold by
Hillview Place Llc
Bought by
Marin Manuel
Seller's Agent
Nicholas Miller
HomeSmart
Buyer's Agent
Jose Marin
Marin Realty Group
List Price
$495,000
Sold Price
$490,000
Premium/Discount to List
-$5,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2011
Sold by
Killick Brian
Bought by
Hillman Place Llc

Purchase Details

Closed on
Mar 2, 2010
Sold by
Federal National Mortgage Association
Bought by
Killick Brian

Purchase Details

Closed on
Aug 4, 2009
Sold by
Aurora Loan Services Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 22, 2009
Sold by
Sabosky Mark F
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 15, 2004
Sold by
Sabosky Rita
Bought by
Sabosky Mark F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2004
Sold by
Brumfield Larry P and Brumfield Sharon S
Bought by
First Western Land Management

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2003
Sold by
First Western Land Management
Bought by
Sabosky Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2000
Sold by
Newman Steven J and Newman Barbara M
Bought by
Newman Steven J

Purchase Details

Closed on
May 11, 2000
Sold by
Newman Steven J
Bought by
Brumfield Larry P and Brumfield Sharon S
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
Manuel Marin Macias Living Trust -- None Listed On Document
Marin Manuel -- None Available
Marin Manuel -- First American Title
Marin Manuel $490,000 First American Title
Hillman Place Llc -- None Available
Killick Brian $144,500 Chicago Title Company
Federal National Mortgage Association -- Servicelink Irvine
Aurora Loan Services Llc $244,756 Servicelink
Sabosky Mark F -- Old Republic Title Company
Sabosky Mark F $300,000 Old Republic Title Company
First Western Land Management -- Old Republic Title Company
Sabosky Mark $300,000 Old Republic Title Company
Newman Steven J -- Old Republic Title Company
Brumfield Larry P -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marin Manuel $345,000
Previous Owner Marin Manuel $345,000
Previous Owner Sabosky Mark $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold $490,000 -1.0% $149 / Sq Ft
02/10/2021 02/10/21 For Sale $495,000 -- $150 / Sq Ft
Source: California Desert Association of REALTORS®

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 $7,416 $530,390 $64,945 $465,445
2023 $7,416 $509,796 $62,424 $447,372
2022 $7,535 $499,800 $61,200 $438,600
2021 $3,296 $172,156 $52,911 $119,245
2020 $3,187 $170,392 $52,369 $118,023
2019 $3,146 $167,052 $51,343 $115,709
2018 $3,100 $163,778 $50,337 $113,441
2017 $3,061 $160,567 $49,350 $111,217
2016 $2,198 $157,420 $48,383 $109,037
2015 $2,118 $155,057 $47,657 $107,400
2014 $2,089 $152,022 $46,724 $105,298
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nicholas Miller

    HomeSmart

  • Jose Marin

    Buyer's Agent in 2021

    Jose Marin

    Marin Realty Group

    (951) 830-2967

    1 in this area

    169 Total Sales

    Jose Marin
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219057129

California Desert Association of REALTORS®

APN: 639-154-013

California Riverside County Desert Hot Springs 92240

66718 8th St, Desert Hot Springs, CA

This home is located at 66718 8th St, Desert Hot Springs, CA 92240 since 10 February 2021 and is currently estimated at $785,545, approximately $238 per square foot. This property was built in 1977. 66718 8th 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 Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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