NOT LISTED FOR SALE

Estimated Value: $594,000 - $715,601

4 Beds
2 Baths
1,680 Sq Ft
$390/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $695,000 $414 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,174/month

48 Days on Market

Highlights

  • Desert View
  • No HOA
  • Laundry Room
  • Palm Desert High School Rated A
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

Welcome to the epitome of desert living in beautiful Palm Desert! I'm thrilled to introduce you to an incredible investment opportunity - a charming duplex perfectly positioned to capture the essence of desert lifestyle.

Nestled on a generous 7,405 square foot lot, this duplex boasts two equally inviting units, each offering 2 bedrooms, 2 bathroom, and the added convenience of an attached garage and private laundry. With a total living area of 1,680 square feet, each unit is thoughtfully designed to maximize comfort and functionality, making it an ideal space for tenants seeking both convenience and coziness.

Location is key, and this duplex certainly delivers. Situated close to Highway 111, residents will enjoy easy access to all the amenities and attractions that Palm Desert has to offer. Whether it's dining at renowned eateries, teeing off at world-class golf courses, or indulging in some retail therapy at upscale shopping centers, everything you desire is just moments away.

But it's not just about proximity to amenities - it's about embracing the unique beauty of the desert landscape. Picture yourself waking up to the gentle warmth of the sun, the tranquil desert breeze whispering through the palm trees, and the majestic mountains providing a stunning backdrop to your daily adventures.

This duplex presents a rare opportunity to invest in a property that not only offers great potential for rental income but also embodies the allure of desert living. With its prime location, well-appointed units, and the promise of a vibrant desert lifestyle, this duplex won't stay on the market for long. Don't miss your chance to make it yours - schedule a showing today and experience the magic of Palm Desert living firsthand!

Last Agent to Sell the Property

Brenda Truong

Winland Realty & Mortgage, Inc Brokerage Email: brendat928@gmail.com License #02099095 Listed on: 02/14/2024

Co-Listed By

Lily Lieu Nguyen

Winland Realty & Mortgage, Inc Brokerage Email: brendat928@gmail.com License #01841503

Last Buyer's Agent

DAVID PUGA

Century 21 Top Producers License #02176034

Century 21 Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,243

Year Built

  • Built in 1967

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 4 Bedrooms
  • 1,680 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laminate Flooring
  • Desert Views

Kitchen

  • Gas Oven
  • Dishwasher

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 301
  • Tax Tract Number 731
  • Assessor Parcel Number 627032033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Trash Expense $360
  • Water Sewer Expense $300
  • Operating Expense $2,820
  • Gross Income $50,400
  • Net Operating Income $44,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,243

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Number: 7147251989
  • Price Per Unit: 350000
  • Property Attached: No
  • Subdivision Name Other: Not applicable-not in a development
  • View: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: R207M
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 627032033
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: front doors
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 413.69
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Slab
  • View: Desert
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 50400.00
  • Gross Operating Income: 47490.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 44580.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2910.00
  • Rent Control: No
  • Total Expenses: 2820.00

Tax Info

  • Tax Census Tract: 451.26
  • Tax Lot: 301
  • Tax Tract Number: 731...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Apr 1, 2024
Sold by
Mcmaken Kimberly Dam and Duong Trung M
Bought by
Garcia
Seller's Agent
Brenda Truong
Winland Realty & Mortgage, Inc
Buyer's Agent
DAVID PUGA
Century 21 Top Producers
List Price
$700,000
Sold Price
$695,000
Premium/Discount to List
-$5,000
-0.71%
Views
68
Current Estimated Value
$655,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,100
Avg. Annual Appreciation
-4.87%
Original Mortgage
$521,250
Outstanding Balance
$517,007
Interest Rate
8.13%
Mortgage Type
New Conventional
Estimated Equity
$138,893

Purchase Details

Closed on
Jan 20, 2023
Sold by
Mcmaken Herbert R
Bought by
Mcmaken Kimberly Dam

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 1, 2016
Sold by
Mcmaken Herbert R
Bought by
Mcmaken Kimberly Dam
Seller's Agent
Marc Lange
Equity Union
Buyer's Agent
Marc Lange
Equity Union
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$270,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 13, 2016
Closed on
Nov 7, 2016
Sold by
Stark Mark J
Bought by
Mcmaken Kimberly Dam and Duong Trung M
Seller's Agent
Marc Lange
Equity Union
Buyer's Agent
Marc Lange
Equity Union
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2015
Sold by
Stark Mark Jack
Bought by
Stark Mark J and The Mark J Stark Trust

Purchase Details

Closed on
Jun 9, 2005
Sold by
Reasor Caron
Bought by
Guadelupe Partnership and Cactus Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2005
Sold by
Guadelupe Partnership
Bought by
Stark Mark Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2004
Sold by
Reasor Caron
Bought by
Reasor Caron and Guadalupe Trust
Source: Public Records

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Range of Values:

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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
Garcia $695,000 Lawyers Title
Mcmaken Kimberly Dam -- --
Mcmaken Kimberly Dam -- Lawyers Title
Duong Trung M -- Lawyers Title
Mcmaken Kimberly Dam $360,000 Lawyers Title
Stark Mark J -- None Available
Guadelupe Partnership -- Commonwealth Land Title
Reasor Caron -- Commonwealth Land Title
Stark Mark Jack $450,000 Commonwealth Land Title
Guadelupe Partnership -- --
Reasor Caron -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia $521,250
Previous Owner Mcmaken Kimberly Dam $269,000
Previous Owner Mcmaken Kimberly Dam $270,000
Previous Owner Stark Mark Jack $359,000
Previous Owner Reasor Caron $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $695,000 -0.7% $414 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $700,000 +94.4% $417 / Sq Ft
12/20/2016 12/20/16 Sold $360,000 -4.0% $214 / Sq Ft
10/13/2016 10/13/16 For Sale $375,000 -- $223 / 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
2023 $6,243 $401,582 $100,394 $301,188
2022 $5,839 $393,709 $98,426 $295,283
2021 $5,677 $385,991 $96,497 $289,494
2020 $5,586 $382,034 $95,508 $286,526
2019 $5,490 $374,544 $93,636 $280,908
2018 $5,397 $367,200 $91,800 $275,400
2017 $5,293 $360,000 $90,000 $270,000
2016 $4,050 $260,000 $65,000 $195,000
2015 $4,034 $255,000 $50,000 $205,000
2014 $3,847 $255,000 $50,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24032004

California Regional Multiple Listing Service (CRMLS)

APN: 627-032-033