NOT LISTED FOR SALE

Estimated Value: $394,000 - $570,000

6 Beds
4 Baths
2,115 Sq Ft
$236/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $245,000 $116 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,148/month

95 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • Fireplace in Primary Bedroom
  • Laundry Room
  • 3-minute walk to Ocotillo Park

About This Home

As of June 2015

READY to go duplex located in Cathedral City. Both units are 3bed/2 baths.Tile throughout, laundry hook ups, Central AC units (newer), 2 car attached car garage, big backyards. Excellent rental area. Long term excellent tenants!

PRICED TO SELL!! Submit your offer

Last Agent to Sell the Property

Ivan Miletich

Realty One Group West License #01277090 Listed on: 03/05/2015

Realty One Group West

Last Buyer's Agent

Miguel Briones

HomeSmart Professionals License #01705617

HomeSmart Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,124

Year Built

  • Built in 1985

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in excellent condition

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,115 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Tile Flooring

Kitchen

  • Gas Cooktop
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Fireplace in Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 449
  • Assessor Parcel Number 680402001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $300
  • Water Sewer Expense $300
  • Gross Income $1,950
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,124

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • CapRate: 8.75
  • Other Phone Description: 949-204-6777
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 680402001
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Electric, Gas, Kitchen, Living Room, Master Bedroom, Patio
  • Levels: One
  • Price Per Square Foot: 115.84
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 25800.00
  • Insurance Expense: 700.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 24500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1300.00
  • Rent Control: Yes
  • Total Actual Rent: 1950.00

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 449.1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2015
Closed on
Jun 15, 2015
Sold by
Miletich Renzo
Bought by
The Vizzini Trust
Seller's Agent
Ivan Miletich
Realty One Group West
Buyer's Agent
Miguel Briones
HomeSmart Professionals
List Price
$279,900
Sold Price
$245,000
Premium/Discount to List
-$34,900
-12.47%
Current Estimated Value
$499,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,341
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
Feb 2, 2013
Sold by
Miletich Luisa M
Bought by
Miletich Renzo and Miletich Meier Family Living Trust

Purchase Details

Listed on
Jun 21, 2011
Closed on
Jul 11, 2012
Sold by
Miletich Igor
Bought by
Miletich Luisa M
Seller's Agent
DAN DO
ASIAMERICA REAL ESTATE CO.
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$74,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 21, 2011
Closed on
Jun 13, 2012
Sold by
Vu Helen Thu
Bought by
Vu Quoc Anh
Seller's Agent
DAN DO
ASIAMERICA REAL ESTATE CO.
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 21, 2011
Closed on
Jun 12, 2012
Sold by
Vu Quoc Anh
Bought by
Miletich Luisa M
Seller's Agent
DAN DO
ASIAMERICA REAL ESTATE CO.
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2011
Sold by
Nguyen Vy Xuan
Bought by
Vu Quoc Anh

Purchase Details

Closed on
Nov 20, 2007
Sold by
Vu Quoc Anh
Bought by
Nguyen Vy Xuan

Purchase Details

Closed on
Jul 5, 2005
Sold by
Vu Helen T
Bought by
Vu Quoc Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.51%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2005
Sold by
Deanda Jorge and Moreno Luciano
Bought by
Vu Quoc Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2002
Sold by
Handa Steve Alan and Williams Jon D
Bought by
Deanda Jorge and Moreno Luciano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,548
Interest Rate
6.85%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
The Vizzini Trust $245,000 Usa National Title Company
Miletich Renzo -- None Available
Miletich Luisa M -- Cal Counties Title
Vu Quoc Anh -- Cal Counties Title
Nguyen Vy Xuan -- Cal Counties Title
Miletich Luisa M $145,000 Cal Counties Title
Vu Quoc Anh -- Accommodation
Nguyen Vy Xuan -- Accommodation
Vu Quoc Anh -- First American Title Company
Vu Quoc Anh $408,000 First American Title Company
Deanda Jorge $158,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miletich Luisa M $74,000
Previous Owner Vu Quoc A $50,000
Previous Owner Vu Quoc Anh $306,000
Previous Owner Deanda Jorge $155,548
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2015 06/29/15 Sold $245,000 -12.5% $116 / Sq Ft
06/08/2015 06/08/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $279,900 +93.0% $132 / Sq Ft
07/31/2012 07/31/12 Sold $145,000 -3.3% $69 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
06/21/2011 06/21/11 For Sale $150,000 -- $71 / 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 $5,124 $294,445 $73,608 $220,837
2023 $5,124 $283,012 $70,750 $212,262
2022 $4,874 $277,463 $69,363 $208,100
2021 $4,692 $272,023 $68,003 $204,020
2020 $4,459 $269,235 $67,306 $201,929
2019 $4,362 $263,957 $65,987 $197,970
2018 $4,252 $258,783 $64,695 $194,088
2017 $4,176 $253,710 $63,427 $190,283
2016 $4,063 $248,736 $62,184 $186,552
2015 $2,765 $148,565 $37,141 $111,424
2014 $2,742 $145,657 $36,414 $109,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15052279

California Regional Multiple Listing Service (CRMLS)

APN: 680-402-001