NOT LISTED FOR SALE

68070 Risueno Rd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $469,599 - $548,000

8 Beds
4 Baths
3,300 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 22, 2017

Last sale price $479,000 $145 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,274/month

64 Days on Market

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Views
  • 17,064 Sq Ft lot
  • Corner Lot
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

Wonderful opportunity for an investor looking for UPSIDE! Long history of solid tenants and good income. Selling the combined properties of 68070 & 68080 Risueno Rd. This give you four 2ba / 1ba units shared between the two lots, with central beautifully maintained swimming pool. Each unit has separate metered gas and electric. Tentants pay for everything except for water and trash. Drive by to take a look (do not disturb occupants please). A super investment awaits!

Last Agent to Sell the Property

Shane Zuspan

Fathom Realty Group Inc. License #01456738 Listed on: 06/01/2017

Last Buyer's Agent

Shane Zuspan

Tarbell REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.39 Acre Lot
  • Fenced
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • 3,300 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Pool

  • In Ground Pool
  • Outdoor Pool

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Property is located within a water district

Additional Features

  • Property Views

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, pool service
  • Assessor Parcel Number 675253031

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Panorama Subdivision

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground, Ground Level, No Unit Above
  • Price Per Unit: 119750.00
  • Building Style: Traditional
  • Included In Sale: Stove in each unit
  • List Price per Sq Ft: 145.15
  • Lp Sp Ratio: 1.0000
  • Year Built: 1961
  • Internal Listing I D: 20190608184750581298000000
  • Listing I D: 217015744
  • Listing Office Address: 24800 Chrisanta Dr Suite 140, Mission Viejo, CA 92691
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 24800 Chrisanta Dr Suite 140, Mission Viejo, CA 92691
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 3300.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Location: Private
  • View: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 8.00

Utilities

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

Lot Info

  • Assessor Parcel Number: 675253031
  • Lot Description: Fenced, Sidewalks, Street Paved
  • Lot Location: Corner Lot
  • Lot Size: 17064.00

Rental Info

  • Owner Pays: Water, Pool Service
  • Tenant Pays: Cable TV, Electricity, Gas
  • 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
Jul 26, 2021
Sold by
Triwest Homes I
Bought by
Landon Lane Investments Llc
Current Estimated Value
$511,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Outstanding Balance
$559,225
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$48,025

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 3, 2017
Sold by
Avila Maria
Bought by
Triwest Homes I Lp
Seller's Agent
Shane Zuspan
Fathom Realty Group Inc.
Buyer's Agent
Shane Zuspan
Tarbell REALTORS
List Price
$499,000
Sold Price
$479,000
Premium/Discount to List
-$20,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.78%
Original Mortgage
$456,000
Interest Rate
3.96%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 14, 1999
Sold by
Kendall Doug A
Bought by
Avila Luis N and Avila Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,704
Interest Rate
7.83%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Landon Lane Investments Llc $850,000 Chicago Title
Triwest Homes I Lp $479,000 Orange Coast Title Company
Avila Luis N $195,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landon Lane Investments Llc $615,000
Previous Owner Triwest Homes I Lp $456,000
Previous Owner Avila Luis N $193,704
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2017 08/22/17 Sold $479,000 -4.0% $145 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $499,000 -- $151 / 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 $7,150 $456,318 $127,344 $328,974
2023 $7,150 $438,600 $122,400 $316,200
2022 $7,224 $430,000 $120,000 $310,000
2021 $4,763 $251,756 $50,456 $201,300
2020 $4,521 $249,175 $49,939 $199,236
2019 $4,402 $244,290 $48,960 $195,330
2018 $4,331 $239,500 $48,000 $191,500
2017 $2,914 $129,101 $26,476 $102,625
2016 $2,841 $126,570 $25,957 $100,613
2015 $2,756 $124,670 $25,568 $99,102
2014 $2,536 $122,229 $25,068 $97,161
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shane Zuspan

    Fathom Realty Group Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 217015744

California Desert Association of REALTORS®

APN: 675-253-031

California Riverside County Cathedral City 92234 Panorama

68070 Risueno Rd, Cathedral City, CA

Not Listed for Sale

MultiFamily

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.

Nearby Homes