NOT LISTED FOR SALE

74017 Cactus Dr Twentynine Palms, CA 92277

Estimated Value: $519,000 - $568,122

8 Beds
4 Baths
2,576 Sq Ft
$208/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $310,000 $120 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,397/month

48 Days on Market

Highlights

  • Mountain View
  • Tile Flooring
  • Evaporated cooling system
  • Living Room
  • 1-Story Property
  • Laundry Facilities

About This Home

As of February 2020

A great rental 4 Plex in a great location in Twentynine Palms. There are four 2 bedroom 1 bath units. Each unit has the same floor plan but the flooring, and interior colors vary from unit to unit. Some have all ceramic tile, and one has tile and new laminate flooring. Each kitchen comes with stove/oven & refrigerator w/ice maker, stainless sinks w/garbage disposals. These units have been easy to rent and there is seldom a vacancy. Each unit has a one car garage with a clicker to auto open the garage door. Each garage is deep and provides space at the rear for storage. There's additional concrete parking for tenants w/2nd car. There is a separate coin operated laundry provided that brings in additional income. These units should have the rents raised as each years lease expires. The location of these units is close to Utah Trail that leads right up to Joshua Tree National Park .It is approximately a mile to the Tortoise Rock Indian Casino. Listing agent is a licensed Realtors and co-owner.

Last Agent to Sell the Property

Norman Lee

Coldwell Banker Realty License #00399393 Listed on: 12/16/2019

Coldwell Banker Realty

Last Buyer's Agent

Gordon Deutsch

Century 21 Everest License #02076816

Century 21 Everest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,981

Year Built

  • Built in 1985

Lot Details

  • 0.4 Acre Lot

Home Design

  • Slab Foundation

Interior Spaces

  • 2,576 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Mountain Views

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Garage
  • 4 Parking Garage Spaces
  • Driveway
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 0617222020000

Community Details

Overview

  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities
  • Community Mailbox

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,981

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: One
  • Price Per Unit: 99743.00
  • Builders Tract Code: NA371
  • Included In Sale: 4 Refrigerators w/icemakers, 4 kitchen stove/ovens.
  • List Price per Sq Ft: 139.75
  • Lp Sp Ratio: 0.8600
  • View Type: Mountain(s)
  • Water District Name: 29 Palms Water Agency
  • Year Built: 1985
  • Internal Listing I D: 20200115193157652755000000
  • Listing I D: 219037033
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Member Fax: (760) 770-8717
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 1190 S Victoria Ave Suite 100, Ventura, CA 93003
  • Selling Office Fax: (805) 650-9566
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Laminate
  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry Equipment: Lease
  • Laundry: Community
  • Estimated Sq Ft: 2576.00

Exterior Features

  • Foundation: Slab
  • View: Yes
  • Paved: Yes

Garage/Parking

  • Parking: Driveway, On Street
  • Parking Info Total Covered Spaces: 4.00
  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 12.00
  • Total Uncovered Assigned Spaces: 4.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Evaporative Cooling
  • Heating: Wall Furnace
  • Heating Fuel: Natural Gas
  • Sewer: Septic Tank
  • Water: Water District
  • Number Gas Meter: 4
  • Laundry Type: Yes

Association/Amenities

  • Community Features: Community Mailbox

Lot Info

  • Assessor Parcel Number: 0617222020000
  • Lot Size: 17500.00

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Rent Control: Yes
  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Zev Jennifer
Bought by
Jmz Llc
Current Estimated Value
$535,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,600
Outstanding Balance
$208,588
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$333,814

Purchase Details

Closed on
Dec 28, 2020
Sold by
Jmz Llc
Bought by
Zev Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,600
Outstanding Balance
$208,588
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$333,814

Purchase Details

Closed on
Aug 27, 2020
Sold by
Zev Jennifer
Bought by
Jmz Llc

Purchase Details

Listed on
Dec 16, 2019
Closed on
Jan 23, 2020
Sold by
Lee Norman D and Lee Patsy L
Bought by
Sandmar Partnership Llc
Seller's Agent
Norman Lee
Coldwell Banker Realty
Buyer's Agent
Gordon Deutsch
Century 21 Everest
List Price
$460,000
Sold Price
$310,000
Premium/Discount to List
-$150,000
-32.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$225,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 16, 2019
Closed on
Jan 21, 2020
Sold by
Sandmar Partnership Llc
Bought by
Zev Jennifer
Seller's Agent
Norman Lee
Coldwell Banker Realty
Buyer's Agent
Gordon Deutsch
Century 21 Everest
List Price
$460,000
Sold Price
$310,000
Premium/Discount to List
-$150,000
-32.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2013
Sold by
Lee Norman D
Bought by
Lee Norman D and Lee Patsy L

Purchase Details

Closed on
Jul 1, 2008
Sold by
Lasalle Bank Na
Bought by
Lee Norman D and Lee Patsy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2007
Sold by
Reyes Jose A
Bought by
Lasalle Bank Na and Morgan Stanley Loan Trust 2007-2Ax

Purchase Details

Closed on
Jul 24, 2006
Sold by
Au Michael W
Bought by
Reyes Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,080
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2005
Sold by
Au Judit G
Bought by
Au Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,700
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Au Judit G
Bought by
Au Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2004
Sold by
Geiger Dale
Bought by
Au Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2003
Sold by
Gnadt Myron A
Bought by
Gnadt Myron A and Walsemann Gnadt Rena

Purchase Details

Closed on
Aug 26, 2002
Sold by
Yerkes Donald E
Bought by
Geiger Dale

Purchase Details

Closed on
May 15, 2002
Sold by
Wkw Investments Lp
Bought by
Yerkes Donald E and Yerkes Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,704
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 1998
Sold by
Webb William H and Webb Kathryn M
Bought by
Wkw Investments Lp
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
Jmz Llc -- Stewart Title Of California
Zev Jennifer -- Stewart Title Of California
Jmz Llc -- North American Title
Sandmar Partnership Llc -- Equity Title Company
Zev Jennifer $310,000 Oasis Escrow Inc
Lee Norman D -- Accommodation
Lee Norman D $190,000 First American Title Ins Co
Lasalle Bank Na $359,900 First American
Reyes Jose A $435,500 United Independent Title
Au Michael W -- First American Title Company
Au Michael W -- Fidelity National Title Co
Au Michael W $185,000 Fidelity National Title Co
Gnadt Myron A -- --
Geiger Dale $260,000 Fidelity National Title Co
Yerkes Donald E $1,100,000 Fidelity National Title
Wkw Investments Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zev Jennifer $231,600
Previous Owner Zev Jennifer $225,000
Previous Owner Lee Norman D $122,300
Previous Owner Lee Norman D $133,000
Previous Owner Reyes Jose A $348,080
Previous Owner Au Michael W $273,700
Previous Owner Au Michael W $160,000
Previous Owner Yerkes Donald E $103,704
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $310,000 -32.6% $120 / Sq Ft
12/16/2019 12/16/19 For Sale $460,000 -- $179 / 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
2024 $4,981 $332,383 $32,166 $300,217
2023 $4,761 $325,865 $31,535 $294,330
2022 $4,648 $319,476 $30,917 $288,559
2021 $4,597 $313,212 $30,311 $282,901
2020 $4,546 $310,000 $30,000 $280,000
2019 $3,603 $230,900 $30,800 $200,100
2018 $3,441 $219,900 $29,300 $190,600
2017 $3,328 $209,400 $27,900 $181,500
2016 $3,315 $209,400 $27,900 $181,500
2015 $3,458 $209,400 $27,900 $181,500
2014 $3,279 $190,400 $25,400 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219037033

California Desert Association of REALTORS®

APN: 0617-222-02