NOT LISTED FOR SALE

72795 Datil Way Thousand Palms, CA 92276

-- Bed
6 Baths
2,268 Sq Ft
7,405 Sq Ft Lot

Last Sold August 09, 2021

Last sale price $530,000 $234 Per Sq Ft

5 Days on Market

Highlights

  • Mountain View
  • No HOA
  • No Interior Steps
  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking

About This Home

As of August 2021

Looking for the SAVVY investor with vision and ambitions!. This property is located on a PRIME area, nearby major retailers, Hotels, Shopping Malls, Gas Stations, 10 Fyw and Agua Caliente Resort & Casino. You CAN'T go wrong with this property. All units are FULLY occupied and producing awesome income with upside potential to produce even more. Population has been increasing in the last 5 years and that only means better income in the near future. If you are serious about investing in your retirement then, this is for you!. Property is currently used as a Multi-Family Residential Studio Units with long term tenants. Property Features; 6 Studio Units with fully functional kitchen including Fridge, Stove Microwave, full bathroom, and closet plus a service room. Each unit has its own A/C unit, Each unit is approximately 385 SqFt. living space plus there is a back yard where you can place a Shed for additional storage and income. Total of Three units have been recently updated and property is in TURN KEY Conditions. So, STOP looking and START investing in this AWESOME Income Property!! See the supplements section for additional accurate information.

Last Agent to Sell the Property

Manlio Ceja-Gomez

KELLER WILLIAMS REALTY License #02023306 Listed on: 06/03/2021

KELLER WILLIAMS REALTY

Last Buyer's Agent

Ethan Mezrahi

License #02088186

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Brick Fence
  • Chain Link Fence
  • Fence is in good condition

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 6 Bathrooms
  • 2,268 Sq Ft Home
  • Tile Flooring
  • Mountain Views

Kitchen

  • Gas Range
  • Microwave

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Propane
  • Natural Gas Not Available
  • Septic Type Unknown

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 10
  • Tax Tract Number 61182
  • Assessor Parcel Number 650164005

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Thousand Palms Subdivision

Recreation

  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,900
  • Fuel Expense $4,500
  • Insurance Expense $840
  • Trash Expense $1,020
  • Water Sewer Expense $3,660
  • New Taxes Expense $5,120
  • Operating Expense $19,040
  • Gross Income $56,736
  • Net Operating Income $37,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.30
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Thousand Palms (32004)
  • View: Yes
  • Water Sewer Expenses: 3660.00
  • Zoning: C-P-S
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 650164005
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 233.69

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Brick, Chain Link, Good Condition
  • Pool Private: No
  • Roof: Composition, Shingle

Utilities

  • Utilities: Electricity Available, Natural Gas Not Available, Propane, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Gas Range, Microwave, Refrigerator
  • Electric: Standard
  • Sewer: Septic Type Unknown
  • Trash Expense: 1020.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average Studio Area: 385 Square Feet
  • Electric Expense: 3900.00
  • Fuel Expense: 4500.00
  • Gross Income: 56736.00
  • Gross Multiplier: 8.99
  • Gross Operating Income: 56736.00
  • Gross Scheduled Income: 56736.00
  • Insurance Expense: 840.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 37696.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 19040.00
  • Rent Control: No
  • Total Actual Rent: 4728.00
  • Total Expenses: 19040.00

Tax Info

  • New Taxes Expense: 5120.00
  • Tax Census Tract: 445.05
  • Tax Lot: 10
  • Tax Tract Number: 61182

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $530,000 0.0% $234 / Sq Ft
06/15/2021 06/15/21 Price Changed $529,900 +3.9% $234 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $509,999 -- $225 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Manlio Ceja-Gomez

    Seller's Agent in 2021

    Manlio Ceja-Gomez

    KELLER WILLIAMS REALTY

    (562) 305-7952

    1 in this area

    34 Total Sales

    Manlio Ceja-Gomez
    Section Image

  • E

    Buyer's Agent in 2021

    Ethan Mezrahi

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21119998

California Regional Multiple Listing Service (CRMLS)

APN: 650-164-005

California Riverside County Thousand Palms 92276

72795 Datil Way, Thousand Palms, CA

This home is located at 72795 Datil Way, Thousand Palms, CA 92276 since 03 June 2021. This property was built in 1966. 72795 Datil Way is a home located in Riverside County with nearby schools including Della S. Lindley Elementary School, Nellie N. Coffman Middle School, and Rancho Mirage High.

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 Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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