NOT LISTED FOR SALE

777 E San Lorenzo Rd Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $1,288,000 - $2,577,668

-- Bed
9 Baths
-- Sq Ft
0.26 Acres

Last Sold November 25, 2015

Last sale price $1,334,405

Est. 32% increase in value since last sale

Current estimated payment $10,475/month

8 Days on Market

About This Home

As of November 2015

Hotel (formerly the San Lorenzo Inn)/ Apartments units with full kitchens and covered off street parking. great location and views. Exceptional attached Residence (Owners Unit) with 7 others for rental Income. Large landscaped lot with pool and spa. Contact listing agent for current and projected income and expenses. Resort ambiance, operate all units as vacation rentals to maximize income, exceptional upside. No Land lease, storage and laundry on site. Separate office for on site management or check ins. Fully leased, three (3) furnished units rented as vacation rentals and always in demand. Well maintained property with upside. Currently 8 units with kitchens, possible to add restrooms and increase room count (some without kitchens) subject to city approval. Rent roll and Income & Expense Statement attached to listing.

Last Agent to Sell the Property

Nalo Jones

Realty Trust License #01257645 Listed on: 09/22/2015

Last Buyer's Agent

Todd Hays

Deasy Penner Podley License #01852756

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,684

Year Built

1970

Lot Details

0

Listing Details

  • Active Date: 2015-09-22
  • Building Structure Style: Mid Century
  • Doors: Double Door Entry, Sliding Glass Door(s)
  • Driving Directions: From South Palm Canyon Drive, head East on E Mesquite Avenue. Turn Left on South Camino Real and make immediate left onto E San Lorenzo. Complex will be on the left.
  • Full Street Address: 777 E SAN LORENZO RD
  • Pool Construction: In Ground
  • Pool Descriptions: Community Pool, Filtered, Heated, Heated And Filtered, Heated - Gas, Association Pool
  • Primary Object Modification Timestamp: 2015-11-25
  • Property Condition: Updated/Remodeled
  • Total Number of Units: 8
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0
  • Year Built: 1970

Interior Features

  • Bathroom Features: Double Vanity(s), Remodeled, Shower Over Tub, Shower Stall, Tile
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Appliances: Range Hood, Microwave, Range, Double Oven, Gas, Oven, Oven-Gas
  • Advertising Remarks: Hotel (formerly the San Lorenzo Inn)/ Apartments units with full kitchens and covered off street parking. great location and views. Exceptional attached Residence (Owners Unit) with 7 others for rental Income. Large landscaped lot with pool and spa. Conta
  • Builders Tract Code: 7000
  • Builders Tract Name: TAHQUITZ RIVER ESTAT
  • Fireplace: Yes
  • Levels: One Level
  • Number Of Buildings: 2
  • Owner Pays: Electric, Gardener, Gas, Pool Service, Water
  • Spa: Yes
  • Tenant Pays: Cable TV
  • Interior Amenities: Cathedral-Vaulted Ceilings, Drywall Walls, Furnished, High Ceilings (9 Feet+), Track Lighting, Wet Bar
  • Fireplace Rooms: Dining, Living Room
  • Appliances: Dishwasher, Recirculated Exhaust Fan, Refrigerator, Water Line to Refrigerator
  • Floor Material: Carpet, Ceramic Tile, Laminated, Stained Concrete
  • Kitchen Features: Granite Counters, Island, Pantry, Tile Counters
  • Laundry: Community, Outside, Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 11140
  • Direction Faces: Faces North
  • Construction: Stucco
  • Foundation: Foundation - Concrete Slab
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: Shed
  • Patio: Concrete Slab, Covered, Slab
  • Windows: Double Pane Windows, Screens
  • Roofing: Shingle

Garage/Parking

  • Carport Spaces: 8
  • Total Parking Spaces: 8
  • Parking Spaces Total: 8
  • Parking Type: Assigned, Carport

Utilities

  • Sprinklers: Sprinkler System
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central A/C
  • Heating Type: Central Furnace, Forced Air
  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Onsite Property Management
  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Pierce William D
Bought by
Pierce William D and Pierce William D
Current Estimated Value
$1,759,167

Purchase Details

Listed on
Sep 22, 2015
Closed on
Nov 23, 2015
Sold by
Otl Llc
Bought by
Pierce William D
Seller's Agent
Nalo Jones
Realty Trust
Buyer's Agent
Todd Hays
Deasy Penner Podley
List Price
$1,395,000
Sold Price
$1,334,405
Premium/Discount to List
-$60,595
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$905,000
Outstanding Balance
$715,018
Interest Rate
3.76%
Mortgage Type
Commercial
Estimated Equity
$1,044,149

Purchase Details

Listed on
Sep 22, 2015
Closed on
Oct 5, 2015
Sold by
Hines Charlton W
Bought by
Otl Llc
Seller's Agent
Nalo Jones
Realty Trust
Buyer's Agent
Todd Hays
Deasy Penner Podley
List Price
$1,395,000
Sold Price
$1,334,405
Premium/Discount to List
-$60,595
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Outstanding Balance
$715,018
Interest Rate
3.76%
Mortgage Type
Commercial
Estimated Equity
$1,044,149

Purchase Details

Closed on
Jul 30, 2015
Sold by
Hines Charlton W
Bought by
Otl Llc

Purchase Details

Closed on
May 17, 2002
Sold by
Timberlake Scott P and Bugbee Laura
Bought by
Garcia Georgiann Rae and Davis John Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Pierce William D -- None Available
Pierce William D $1,334,500 Chicago Title Company
Otl Llc -- Chicago Title Company
Otl Llc -- None Available
Garcia Georgiann Rae -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce William D $905,000
Previous Owner Garcia Georgiann Rae $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2015 11/25/15 Sold $1,334,405 -4.3% --
09/30/2015 09/30/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $1,395,000 -- --
Source: The MLS

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 $10,684 $791,248 $232,020 $559,228
2023 $10,684 $760,524 $223,011 $537,513
2022 $10,880 $745,613 $218,639 $526,974
2021 $10,680 $730,994 $214,352 $516,642
2020 $10,243 $723,500 $212,155 $511,345
2019 $10,083 $709,315 $207,996 $501,319
2018 $9,912 $695,408 $203,918 $491,490
2017 $9,780 $681,773 $199,920 $481,853
2016 $9,526 $668,405 $196,000 $472,405
2015 $5,642 $373,097 $53,298 $319,799
2014 $5,486 $365,791 $52,255 $313,536
Source: Public Records

Agents Affiliated with this Home

  • Nalo Jones

    Seller's Agent in 2015

    Nalo Jones

    Realty Trust

    (760) 808-3756

    15 Total Sales

    Nalo Jones
    Section Image

  • S

    Seller's Agent in 2015

    Scott Timberlake

  • T

    Buyer's Agent in 2015

    Todd Hays

    Deasy Penner Podley

See All Agents

Map

Source: The MLS

MLS Number: 15-943989PS

The MLS

APN: 508-192-028

California Riverside County Palm Springs 92264 Tahquitz River Estates

777 E San Lorenzo Rd, Palm Springs, CA

This home is located at 777 E San Lorenzo Rd, Palm Springs, CA 92264 since 22 September 2015 and is currently estimated at $1,759,167. This property was built in 1970. 777 E San Lorenzo Rd is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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