NOT LISTED FOR SALE

67840 Hacienda Ave Unit 9 Desert Hot Springs, CA 92240

9 Beds
9 Baths
6,300 Sq Ft
1.36 Acres

Last Sold May 31, 2019

Last sale price $700,000 $111 Per Sq Ft

46 Days on Market

About This Home

As of May 2019

Cannabis friendly hotel with Mineral Hot Water pools and an excellent Investor Opportunity to own a mid-century modern hotel recently featured on Forbes, LA Times and more. Known for the scandal and opportunity for clientele to legally consume marijuana during their stay. Clients also may soak in the sparkling hot all-natural healing mineral waters in pool and spa which pipes in at 140 degrees direct from the aquifer and is odorless. Enjoy panoramic views in this remodeled mid-century modern rooms with concrete floors, kitchenette suites and so much more. Hotel currently features 6 operating rooms with potential of converting up to 9 suites. Opportunity to expand w/ 7 additional surrounding parcels almost 2 acres for an additional $199,000 must be included which owner will carry. Solar electricity. Desert Hot Springs is a growing community known for cannabis, mineral waters and panoramic views. Hotel is currently operating on target. This is an active hotel, do not disturb occupants

Last Agent to Sell the Property

Meda Thompson

Platinum Star Properties License #01936115 Listed on: 11/01/2018

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,126

Year Built

1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Style: Mid-Century
  • Levels: Two
  • Advertising Remarks: Cannabis friendly hotel with Mineral Hot Water pools and an excellent Investor Opportunity to own a mid-century modern hotel recently featured on Forbes, LA Times and more. Known for the scandal and opportunity for clientele to legally consume marijuana during their stay. Clients also may soak in the sparkling hot all-natural healing mineral waters in pool and spa which pipes in at 140 degrees direct from the aquifer and is odorless. Enjoy panoramic views in this remodeled mid-century modern rooms with concrete floors, kitchenette suites and so much more. Hotel currently features 6 operating rooms with potential of converting up to 9 suites. Opportunity to expand w/ 6 additional surrounding parcels 1.36 acres total for an additional $150,000 must be included which owner will carry. Solar electricity. Desert Hot Springs is a growing community known for cannabis, mineral waters and panoramic views. Hotel is currently operating on target. This is an active hotel, do not disturb occupants. Text Meda for Details at 760-217-6487.
  • Builders Tract Code: Not in a Development
  • Year Built: 1957
  • Price Per Sq Ft: 126.19
  • Unit Type: 1, 2, 3, 4, 5, 6, 7, 8, 9
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Ceiling Fan, Dishwasher, Refrigerator, Solar Panels
  • Number Range: 5
  • Number Refrigerator: 5
  • Bedrooms: 9
  • Total Bathrooms: 9.00
  • Living Area: 6300

Exterior Features

  • Pool: Heated
  • Pool: Yes
  • Stories: 2
  • Paved: Yes
  • View: City, City Lights, Desert, Panoramic, Valley
  • View: Yes

Garage/Parking

  • Garage Details: On street, Parking for Guests, Parking for Guests - Onsite, Parking Space, Unassigned
  • Total Parking: 7

Utilities

  • Water District: Mission Springs
  • Water Heater: Instant Hot Water
  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Forced Air, Zoned
  • Sewer: Connected on Bond
  • Water: District, Private, Water District, Well

Schools

  • School District: Palm Springs Unified

Lot Info

  • Zoning: R4
  • Lot Location: City, Corner Lot, Desert Back, Desert Front, Near Public Transit
  • Assessor Parcel Number: 642-142-012
  • Lot Size Area: 59242
  • Assessed Improvement Percent: 83.34
  • Assessed Improvement Value: 198167
  • Assessed Land Value: 167000
  • Lot Description: 5 + Lots

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 9
  • Rent Control: 60
  • Type Of Units: Hotel Rooms
  • Vacancy Rate: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2019
Sold by
Terifaj Paula L
Bought by
Bonaventure Fund I Llc

Purchase Details

Closed on
Jun 23, 2015
Sold by
Terifaj Paula
Bought by
Terifaj Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2009
Sold by
Shl Holdings Llc
Bought by
Terifaj Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,350
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2008
Sold by
Lowe Judith Ann and Lowe Susan Helen
Bought by
Shl Holdings Llc

Purchase Details

Closed on
Mar 19, 2001
Sold by
Lowy David
Bought by
Lowe Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 27, 1999
Sold by
Burns Kenneth A
Bought by
Lowy David
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
Bonaventure Fund I Llc $700,000 Chicago Title Company
Terifaj Paula -- North American Title Co Inc
Terifaj Paula L $250,000 Equity Title Orange County-I
Shl Holdings Llc -- None Available
Lowe Steven $120,000 First American Title Co
Lowy David $42,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terifaj Paula $220,000
Previous Owner Terifaj Paula L $75,350
Previous Owner Lowe Steven $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $700,000 -17.6% $111 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $849,000 -- $135 / 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 $20,126 $758,547 $89,238 $669,309
2023 $20,126 $729,094 $85,774 $643,320
2022 $20,226 $714,799 $84,093 $630,706
2021 $20,002 $700,785 $82,445 $618,340
2020 $19,552 $693,600 $81,600 $612,000
2019 $14,003 $247,375 $41,203 $206,172
2018 $13,914 $242,526 $40,396 $202,130
2017 $13,839 $237,771 $39,604 $198,167
2016 $3,913 $233,110 $38,828 $194,282
2015 $3,786 $229,610 $38,246 $191,364
2014 -- $225,114 $37,498 $187,616
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Meda Thompson

    Platinum Star Properties

    Section Image

  • S

    Buyer's Agent in 2019

    Subscriber Non

    Non-Participant Office

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Map

Source: California Desert Association of REALTORS®

MLS Number: 18-402930

California Desert Association of REALTORS®

APN: 642-142-012

California Riverside County Desert Hot Springs 92240

67840 Hacienda Ave Unit 9, Desert Hot Springs, CA

This home is located at 67840 Hacienda Ave Unit 9, Desert Hot Springs, CA 92240 since 01 November 2018. This property was built in 1957. 67840 Hacienda Ave Unit 9 is a home located in Riverside County with nearby schools including Cabot Yerxa Elementary School, Desert Springs 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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