$2,200,000
SOLD SEP 5, 2025

73625 Fred Waring Dr Palm Desert, CA 92260

2 Beds
2 Baths
11,916 Sq Ft
0.87 Acres

Recently Sold

$185 Per Sq Ft

20% Below List Price

34 Days on Market

Highlights

  • Mountain View
  • Living Room
  • Central Heating and Cooling System
  • Palm Desert High School Rated A
  • Ceramic Tile Flooring
  • 2-minute walk to Palm Desert Civic Park

About This Home

As of September 2025

3 separate triplexes...must be sold together. Huge Living Room...1325 square feet each unit with vaulted ceilings. These units are the largest in the area. Always rented. Long Term Tenants. Easy to manage. New roofs installed January 2025.

Last Agent to Sell the Property

Jeannie Niles

Jeannie Niles Real Estate License #00594402 Listed on: 06/29/2025

Last Buyer's Agent

Jeannie Niles

Jeannie Niles Real Estate License #00594402 Listed on: 06/29/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986

Home Design

  • Foam Roof

Interior Spaces

  • 11,916 Sq Ft Home
  • Living Room
  • Mountain Views
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 9 Car Garage
  • 9 Assigned Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Water Heater

Additional Features

  • 0.87 Acre Lot
  • Ground Level

Listing and Financial Details

  • Tenant pays for air cond/heat main, gas, electricity, cable TV
  • The owner pays for gardener, water, trash collection
  • Assessor Parcel Number 627101008

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $213,060
  • Net Operating Income $125,000

Property Details

Home Type

Apartment

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Property Attached/Detached: Yes
  • Levels: Ground Level, No Unit Above, Ground
  • List Price per Sq Ft: 230.78
  • Lp Sp Ratio: 0.8000
  • View Type: Mountain(s)
  • Water District Name: Coachella Valley Water District
  • Year Built: 1986
  • Internal Listing I D: 20250630190126406203000000
  • Listing I D: 219132131
  • Listing Member Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Fax: (760) 340-9069
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: P.O. Box 317, Palm Desert, CA 92261
  • Selling Office Address: P.O. Box 317, Palm Desert, CA 92261
  • Selling Office Fax: (760) 340-9069
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry Equipment: Hook-Ups
  • Estimated Sq Ft: 11916.00

Exterior Features

  • Roofing: Foam
  • View: Yes

Garage/Parking

  • Parking: Assigned
  • Parking Info Total Garage Spaces: 9.00
  • Parking Info Total Parking Spaces: 18.00
  • Total Uncovered Assigned Spaces: 9.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 3
  • Cooling Type: Central Air
  • Heating: Central
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Number Gas Meter: 3
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 627101008
  • Lot Size: 37897.00

Rental Info

  • Owner Pays: Gardener, Water, Trash Collection
  • Tenant Pays: Air Cond/Heat Main, Gas, Electricity, Cable TV
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2025
Closed on
Sep 4, 2025
Sold by
Callens Aimee Elizabeth
Bought by
Callens Rene C
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Jeannie Niles
Jeannie Niles Real Estate
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%
Views
11
Current Estimated Value
$942,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,257,333
Avg. Annual Appreciation
-90.50%
Original Mortgage
$549,999
Outstanding Balance
$547,600
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$395,067

Purchase Details

Listed on
Jun 29, 2025
Closed on
Aug 12, 2025
Sold by
Henry And Sally Viets Trust and Stern Bonnie Viets
Bought by
Callens Rene C and Callens Linda C
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Jeannie Niles
Jeannie Niles Real Estate
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,999
Outstanding Balance
$547,600
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$395,067

Purchase Details

Closed on
Jun 7, 2023
Sold by
Viets Henry G
Bought by
Henry And Sally J Viets Trust and Viets

Purchase Details

Listed on
Nov 3, 2015
Closed on
Dec 16, 2015
Sold by
Trnd Llc
Bought by
Viets Henry G and Viets Sally J
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Nathan Bragg
RE/MAX TIME REALTY
List Price
$600,000
Sold Price
$583,333
Premium/Discount to List
-$16,667
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%
Original Mortgage
$300,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2013
Sold by
Alter David L and Alter Colleen M
Bought by
Trnd Llc

Purchase Details

Closed on
May 18, 2013
Sold by
Scp Ii Llc
Bought by
Alter David L and Alter Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 28, 2012
Closed on
Aug 29, 2012
Sold by
Wamu Servicing Lp
Bought by
Scp Ii Llc
Seller's Agent
David Alter
Buyer's Agent
David Alter
List Price
$650,000
Sold Price
$619,600
Premium/Discount to List
-$30,400
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%

Purchase Details

Closed on
Dec 20, 2011
Sold by
Warring Properties Llc
Bought by
Wamu Servicing Lp

Purchase Details

Closed on
May 21, 2003
Sold by
The Mueller Family Trust
Bought by
Waring Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 1997
Sold by
Helane Motors Inc
Bought by
The Mueller Family 1995 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Grant Deed -- First American Title
Grant Deed $733,500 First American Title Insurance
Quit Claim Deed -- None Listed On Document
Grant Deed $583,500 Fidelity National Title Co
Quit Claim Deed -- Accommodation
Quit Claim Deed -- Ticor Title Company Of Ca
Grant Deed $207,000 Accommodation
Trustee Deed $553,758 None Available
Grant Deed -- Southland Title
Corporate Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $549,999 New Conventional
Previous Owner $300,000 Commercial
Previous Owner $315,000 Commercial
Previous Owner $573,750 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2025 09/05/25 Sold $2,200,000 -20.0% $185 / Sq Ft
08/02/2025 08/02/25 Pending -- -- --
06/29/2025 06/29/25 For Sale $2,750,000 +371.4% $231 / Sq Ft
02/03/2016 02/03/16 Sold $583,333 -2.8% $147 / Sq Ft View Prior Sale
01/01/2016 01/01/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $600,000 -3.2% $151 / Sq Ft
09/18/2012 09/18/12 Sold $619,600 -4.7% $156 / Sq Ft View Prior Sale
08/28/2012 08/28/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $650,000 -- $164 / Sq Ft
Source: California Desert Association of REALTORS®

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 $15,043 $1,144,440 $343,332 $801,108
2023 $15,043 $663,730 $199,118 $464,612
2022 $9,103 $650,716 $195,214 $455,502
2021 $8,878 $637,958 $191,387 $446,571
2020 $8,728 $631,417 $189,425 $441,992
2019 $8,578 $619,037 $185,711 $433,326
2018 $8,432 $606,900 $182,070 $424,830
2017 $8,276 $595,000 $178,500 $416,500
2016 $3,694 $218,639 $42,249 $176,390
2015 $3,702 $215,357 $41,615 $173,742
2014 $3,657 $211,140 $40,800 $170,340
Source: Public Records

Agents Affiliated with this Home

  • Jeannie Niles

    Seller's Agent in 2025

    Jeannie Niles

    Jeannie Niles Real Estate

    (760) 574-8456

    17 Total Sales

    Jeannie Niles
    Section Image
  • Nathan Bragg

    Buyer's Agent in 2016

    Nathan Bragg

    RE/MAX

    (949) 662-1866

    1 Total Sale

    Nathan Bragg
    Section Image

  • D

    Seller's Agent in 2012

    David Alter

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219132131

California Desert Association of REALTORS®

APN: 627-101-008

California Riverside County Palm Desert 92260

73625 Fred Waring Dr, Palm Desert, CA

Sold

MultiFamily

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