A
Seller's Agent in 2016
Alex Garcia
MARCUS & MILLICHAP
73692 Santa Rosa Way Palm Desert, CA 92260
Estimated Value: $1,317,000 - $1,434,000
5
Beds
4
Baths
121,196
Sq Ft
$11/Sq Ft
Est. Value
About This Home
As of December 2016is pleased to exclusively market for sale a four-unit apartment complex located at 73692 Santa Rosa Way in the highly regarded city of Palm Desert within the Coachella Valley. Built in 2007, the property features an excellent unit mix of large two- and three-bedroom units. The property consists of one building situated on a large 0.28 acre/12,196 square foot lot. Construction is wood frame with stucco exterior. Units feature well-equipped kitchens that include a gas oven/range, built-in microwave, and refrigerator. The units are spacious with washer/dryer hook-ups and garbage disposals. The property is located within a residential neighborhood surrounded by single family homes & small multifamily apartment communities. This offering presents an investor with the opportunity to acquire a turnkey asset with very little risk of unforeseen maintenance issues due to newer construction, great rental location in a highly desirable Coachella Valley location. Within walking distance to the famed and exclusive "El Paseo" shopping district, which includes high-end retailers such as Sak's 5th Avenue, Gucci, Tiffany & Co., Escada, and Coach, as well as shopping malls. Palm Desert as a whole is renowned for its destination golf courses and resorts.
Last Agent to Sell the Property
Alex Garcia
MARCUS & MILLICHAP License #01072982 Listed on: 06/20/2016
Last Buyer's Agent
Kathy Rhodes
Keller Williams Realty License #01834118
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,188
Year Built
- Built in 2007
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 121,196 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
Parking
- 8 Parking Spaces
- 4 Carport Spaces
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 45108
- Assessor Parcel Number 627101044
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $1,000
- Furniture Replacement Expense $1,000
- Insurance Expense $1,250
- Maintenance Expense $2,500
- Supplies Expense $2,560
- Trash Expense $500
- Water Sewer Expense $500
- New Taxes Expense $11,063
- Gross Income $5,110
- Net Operating Income $38,107
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 15, 2021
Sold by
Gates Kenneth and Jones Valerie
Bought by
Gates Kenneth E and Jones Valerie D
Current Estimated Value
Purchase Details
Listed on
Jun 20, 2016
Closed on
Nov 17, 2016
Sold by
Starcrest Us Limited Partnership
Bought by
Jones Valerie and Gates Kenneth
Seller's Agent
Alex Garcia
MARCUS & MILLICHAP
Buyer's Agent
Kathy Rhodes
Keller Williams Realty
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$370,000
Outstanding Balance
$298,165
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$1,080,821
Purchase Details
Closed on
Nov 30, 2012
Sold by
Pacific Premier Bank
Bought by
Starcrest Us Limited Partnership
Purchase Details
Closed on
Feb 7, 2011
Sold by
Canyon National Bank
Bought by
Starcrest U S Limited Partnership
Purchase Details
Closed on
Feb 26, 2010
Sold by
Srw Investments Llc
Bought by
Canyon National Bank
Purchase Details
Closed on
Feb 25, 2010
Sold by
Srw Investments Llc
Bought by
Canyon National Bank
Purchase Details
Closed on
Feb 24, 2010
Sold by
Srw Investments Llc
Bought by
Canyon National Bank
Purchase Details
Closed on
May 4, 2007
Sold by
Valpy Steven and Valpy Michaelene
Bought by
Srw Investments Llc
Purchase Details
Closed on
Feb 28, 2003
Sold by
Valpy Steven and Valpy Michaelene
Bought by
Valpy Steven and Valpy Michaelene
Purchase Details
Closed on
Oct 22, 2001
Sold by
Davis Allen F and Holmes Heidi A
Bought by
Valpy Steven and Valpy Michaelene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 19, 2001
Sold by
Davis Allen F and Holmes Heidi A
Bought by
Davis Allen F and Holmes Heidi A
Purchase Details
Closed on
Apr 26, 1995
Sold by
Davis Allen F
Bought by
Davis Allen F and Holmes Heidi A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gates Kenneth E | -- | None Available | |
| Jones Valerie | $750,000 | First American Title Company | |
| Starcrest Us Limited Partnership | -- | First American Title | |
| Starcrest U S Limited Partnership | $450,000 | First American Title Company | |
| Canyon National Bank | $193,170 | Accommodation | |
| Canyon National Bank | $200,690 | Accommodation | |
| Canyon National Bank | $200,690 | Accommodation | |
| Canyon National Bank | $193,170 | Accommodation | |
| Srw Investments Llc | -- | None Available | |
| Valpy Steven | -- | -- | |
| Valpy Steven | -- | First American Title Co | |
| Davis Allen F | -- | -- | |
| Davis Allen F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Valerie | $370,000 | |
| Previous Owner | Valpy Steven | $97,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2016 12/21/16 | Sold | $750,000 | -5.7% | $6 / Sq Ft |
| 10/28/2016 10/28/16 | Pending | -- | -- | -- |
| 06/20/2016 06/20/16 | For Sale | $795,000 | -- | $7 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,188 | $870,433 | $208,902 | $661,531 |
| 2023 | $12,188 | $836,635 | $200,791 | $635,844 |
| 2022 | $11,557 | $820,231 | $196,854 | $623,377 |
| 2021 | $11,269 | $804,149 | $192,995 | $611,154 |
| 2020 | $11,079 | $795,905 | $191,017 | $604,888 |
| 2019 | $10,891 | $780,300 | $187,272 | $593,028 |
| 2018 | $10,706 | $765,000 | $183,600 | $581,400 |
| 2017 | $10,389 | $750,000 | $180,000 | $570,000 |
| 2016 | $7,164 | $487,013 | $81,166 | $405,847 |
| 2015 | $7,185 | $479,699 | $79,948 | $399,751 |
| 2014 | $7,084 | $470,304 | $78,383 | $391,921 |
Source: Public Records
Agents Affiliated with this Home
-
-
K
Buyer's Agent in 2016
Kathy Rhodes
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16139342
APN: 627-101-044
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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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