NOT LISTED FOR SALE

68530 Hacienda Ave Desert Hot Springs, CA 92240

Estimated Value: $725,000 - $967,000

6 Beds
5 Baths
3,469 Sq Ft
$233/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $725,000 $209 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,166/month

83 Days on Market

Highlights

  • In Ground Pool
  • Midcentury Modern Architecture
  • Double Pane Windows
  • City Lights View
  • Hiking Trails
  • Laundry Room

About This Home

As of August 2022

Location, Location, Location situated in one of the best areas of Desert Hot Spring, with beautiful view of the hills and the city lights at Night.
This property offers 4 units, Main unit in the front has 3 bedrooms 2 full baths, recently fully remodel with beautiful open floor plan a gorgeous kitchen
and new double pane windows. The other building on the back consist of 3 units of 1 bedroom, 1 bath with living room and a kitchen with electric stoves.
The court yard offers a in-ground swimming pool for the tenants to enjoy on those Desert hot days. Do not miss the opportunity to own this income producer property.

Last Agent to Sell the Property

HADALY KHOUM

REALTY MASTERS & ASSOCIATES License #01844927 Listed on: 05/14/2022

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Christopher Cricks

Crystal Lending Group Inc. License #02049268

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,295

Year Built

  • Built in 1965

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Midcentury Modern Architecture
  • Property Attached
  • Turnkey
  • Flat Roof Shape

Interior Spaces

  • 3,469 Sq Ft Home
  • Double Pane Windows
  • Laminate Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Septic Type Unknown
  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 41
  • Assessor Parcel Number 644221011
  • $285 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $2,400
  • Other Expense $1,440
  • Trash Expense $1,050
  • Water Sewer Expense $1,400
  • Operating Expense $7,730
  • Gross Income $54,370
  • Net Operating Income $54,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,295

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 178750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Unk
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: R1
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 644221011
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 208.99
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Not Available, Sewer Not Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Septic Type Unknown
  • Trash Expense: 1050.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 720 Square Feet
  • Average2 Bed Area: 720 Square Feet
  • Average3 Bed Area: 720 Square Feet
  • Gross Income: 54370.00
  • Gross Scheduled Income: 62100.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 54370.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7730.00
  • Other Expense: 1440.00
  • Other Expense Description: Pool
  • Rent Control: No
  • Total Expenses: 7730.00

Tax Info

  • Tax Census Tract: 445.16
  • Tax Lot: 41
  • Tax Tract Number: Unk
  • TaxOtherAnnualAssessmentAmount: 285.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Aug 9, 2022
Sold by
New Haven Nevada Enterprises Llc
Bought by
Cricks Christopher J and Lamanna-Cricks Hailey N
Seller's Agent
HADALY KHOUM
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Christopher Cricks
Crystal Lending Group Inc.
List Price
$715,000
Sold Price
$725,000
Premium/Discount to List
$10,000
1.4%
Views
3
Current Estimated Value
$807,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,278
Avg. Annual Appreciation
3.62%
Original Mortgage
$543,750
Outstanding Balance
$521,250
Interest Rate
5.51%
Mortgage Type
Balloon
Estimated Equity
$286,028

Purchase Details

Closed on
Apr 5, 2019
Sold by
Gibson Stevan William
Bought by
New Haven Nevada Enterprises

Purchase Details

Closed on
Jul 8, 2003
Sold by
Gibson Maylene Marko
Bought by
Gibson William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 1998
Sold by
Gibson Maylene Marko
Bought by
Gibson William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
6.89%
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
Cricks Christopher J $725,000 None Listed On Document
New Haven Nevada Enterprises $159,500 Old Republic Title Company
Gibson William L -- American Title Co
Gibson William L -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cricks Christopher J $543,750
Previous Owner Gibson William L $128,000
Previous Owner Gibson William L $70,000
Previous Owner Gibson William L $44,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $725,000 +1.4% $209 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $715,000 -1.4% $206 / Sq Ft
06/29/2022 06/29/22 Off Market $725,000 -- --
06/29/2022 06/29/22 For Sale $715,000 0.0% $206 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/21/2022 05/21/22 Price Changed $715,000 +3.6% $206 / Sq Ft
05/14/2022 05/14/22 For Sale $689,900 0.0% $199 / Sq Ft
06/01/2021 06/01/21 Rented $1,100 0.0% --
05/21/2021 05/21/21 For Rent $1,100 -- --
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 $9,295 $754,290 $150,858 $603,432
2023 $9,295 $725,000 $145,000 $580,000
2022 $2,449 $167,135 $21,023 $146,112
2021 $2,398 $163,859 $20,611 $143,248
2020 $2,295 $162,180 $20,400 $141,780
2019 $2,219 $129,973 $7,603 $122,370
2018 $2,904 $127,425 $7,454 $119,971
2017 $2,247 $124,927 $7,308 $117,619
2016 $1,685 $122,478 $7,165 $115,313
2015 $1,623 $120,640 $7,058 $113,582
2014 $1,592 $118,279 $6,921 $111,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22101920

California Regional Multiple Listing Service (CRMLS)

APN: 644-221-011