NOT LISTED FOR SALE

Estimated Value: $469,000 - $789,140

7 Beds
5 Baths
4,448 Sq Ft
$130/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $510,000 $115 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,171/month

95 Days on Market

Highlights

  • 0.6 Acre Lot
  • Near a National Forest
  • Hiking Trails
  • Desert View
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2022

AIRBNB/Vacation Rental DREAM OPPORTUNITY! Unique 4 unit property located near the famous Oasis of Mara and north entrance to the Joshua Tree National Park. Stand alone single family residence 3 bed 2 bath 1860 square feet with attached 660 square foot garage. Detached tri-plex consisting of two 1 bedroom 1 bath units and one 2 bedroom 1 bath unit totaling 2,288 square feet. The property includes a separate laundry room approximately 300 square feet including washer and dryer. This spacious 26,000 square foot lot has room to expand upon with multiple common areas. Parking lot for 8+ vehicles or room to expand amenities or build! You can choose to live in one of the units, turn the main house into a vacation rental or lease them all. If you have always wanted to build residual income this is your investment opportunity!

Last Agent to Sell the Property

Rhonda Keliipio

SparrowLily Realty, Inc License #01352849 Listed on: 03/29/2021

Last Buyer's Agent

Tina McPherson

Rarick Realty Group License #02070102

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.6 Acre Lot
  • 1 Common Wall
  • Desert faces the front and back of the property

Parking

  • 8 Open Parking Spaces
  • 2 Car Garage

Property Views

  • Desert
  • Neighborhood

Home Design

  • Quadruplex

Interior Spaces

  • 4,448 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 74
  • Tax Tract Number 2579
  • Assessor Parcel Number 0624082230000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Near a National Forest

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $174
  • Insurance Expense $2,356
  • Trash Expense $847
  • Water Sewer Expense $839
  • New Taxes Expense $6,042
  • Operating Expense $12,658
  • Gross Income $37,500
  • Net Operating Income $24,842

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Washer & Dryer
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 839.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0624082230000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 114.66
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Desert, Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Septic Type Unknown
  • Trash Expense: 847.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest, Hiking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Desert Front, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 26000.00
  • Lot Size Acres: 0.5969

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 174.00
  • Gross Income: 37500.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 2356.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 26000.0000 Square Feet
  • Net Operating Income: 24842.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Dishwasher: 1
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 12658.00
  • Rent Control: No
  • Total Expenses: 12658.00

Tax Info

  • New Taxes Expense: 6042.00
  • Tax Census Tract: 104.09
  • Tax Lot: 74
  • Tax Tract Number: 2579

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Dec 20, 2021
Sold by
Christian Kellipio
Bought by
City Of 29 Palms
Seller's Agent
Rhonda Keliipio
SparrowLily Realty, Inc
Buyer's Agent
Tina McPherson
Rarick Realty Group
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Current Estimated Value
$519,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,661
Avg. Annual Appreciation
3.53%

Purchase Details

Closed on
Nov 8, 2017
Sold by
Kinsman Eva E
Bought by
Kellipio Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2010
Sold by
Kinsman Raymond L
Bought by
Kinsman Raymond L and Kinsman Eva E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,700
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2005
Sold by
Kinsman Raymond L
Bought by
Kinsman Raymond L and Kinsman Eva E
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
City Of 29 Palms -- Ticor Title
Kellipio Christian $330,000 Ticor Title
Kinsman Raymond L -- Fidelity National Title
Kinsman Raymond L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kellipio Christian $297,000
Previous Owner Kinsman Raymond L $118,700
Previous Owner Kinsman Raymond L $118,000
Previous Owner Kinsman Ray L $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $510,000 +2.2% $115 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
05/18/2021 05/18/21 Price Changed $499,000 -9.3% $112 / Sq Ft
03/29/2021 03/29/21 For Sale $550,000 -- $124 / 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 -- -- -- --
2024 -- -- -- --
2023 $3,914 -- -- --
2022 $3,914 $353,827 $85,776 $268,051
2021 $3,872 $346,889 $84,094 $262,795
2020 $3,842 $343,332 $83,232 $260,100
2019 $3,782 $336,600 $81,600 $255,000
2018 $3,694 $104,700 $3,367 $101,333
2017 $1,286 $102,647 $3,301 $99,346
2016 $1,262 $100,634 $3,236 $97,398
2015 $1,408 $99,122 $3,187 $95,935
2014 $1,401 $97,181 $3,125 $94,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21065244

California Regional Multiple Listing Service (CRMLS)

APN: 0624-082-23