NOT LISTED FOR SALE

73530 Catalina Way Palm Desert, CA 92260

Palma Village Groves Neighborhood
5 Beds
4 Baths
23,400 Sq Ft
0.78 Acres

Last Sold March 21, 2019

Last sale price $3,500,000 $150 Per Sq Ft

53 Days on Market

Highlights

  • 0.78 Acre Lot
  • Community Pool
  • Laundry Room
  • Palm Desert High School Rated A

About This Home

As of March 2019

2 bedroom/2 bath UPPER unit @ $1875 (no pets). LOWER unit @ $2200-$2275 OK for pet. All apartments are beautifully remodeled to perfection! Amenities include: Tile Flooring throughout that looks like wood, New Appliances- Range, Dishwasher, Microwave, In Unit Washer & Dryer, Granite and Marble counter tops, NEW Central Air and Heat, Master bedroom has ensuite bathroom, Big Closets. Pool & Bbq'. Be the first one to live in this newly remodeled apartment. It is a MUST see- Call Sean, mgr. to view. Small pets considered in lower units only with pet deposit.

Last Agent to Sell the Property

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 11/10/2018

Last Buyer's Agent

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 11/10/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.78 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 627111017

Parking

  • 2 Car Garage

Home Design

  • 23,400 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5
  • Assessor Parcel Number 627111019

Community Details

Overview

  • 2 Buildings
  • 26 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Electric Expense $4,000
  • Fuel Expense $5,000
  • Insurance Expense $7,150
  • Professional Management Expense $11,657
  • Trash Expense $4,000
  • Water Sewer Expense $1,923
  • New Taxes Expense $56,323
  • Operating Expense $138,438
  • Gross Income $291,414
  • Net Operating Income $152,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 11657.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1923.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 627111019
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 149.57

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Sewer: None
  • Trash Expense: 4000.00
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 627111017
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 33977.00
  • Lot Size Acres: 0.7800
  • Latitude Manual: 33.72643000

Multi Family

  • Electric Expense: 4000.00
  • Fuel Expense: 5000.00
  • Gross Income: 291414.00
  • Gross Scheduled Income: 288600.00
  • Insurance Expense: 7150.00
  • Lot Size Area: 33977.0000 Square Feet
  • Net Operating Income: 152976.00
  • Number Of Units Total: 26
  • Operating Expense: 138438.00
  • Rent Control: No
  • Total Expenses: 138438.00

Tax Info

  • New Taxes Expense: 56323.00
  • Tax Census Tract: 451.08
  • Tax Lot: 12
  • Tax Tract Number: 5

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
09/01/2024 09/01/24 For Rent $2,200 0.0% --
03/21/2019 03/21/19 Sold $3,500,000 -9.1% $150 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
11/10/2018 11/10/18 For Sale $3,850,000 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Alex Garcia

    MARCUS & MILLICHAP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18287504

California Regional Multiple Listing Service (CRMLS)

APN: 627-111-019

California Riverside County Palm Desert 92260 Palma Village Groves

73530 Catalina Way, Palm Desert, CA

This home is located at 73530 Catalina Way, Palm Desert, CA 92260 since 10 November 2018. This property was built in 1980. 73530 Catalina Way is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta Middle School, and Palm Desert High School.

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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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