NOT LISTED FOR SALE

80876 US Highway 111 Indio, CA 92201

Estimated Value: $983,000 - $1,990,000

3 Beds
3 Baths
3,800 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2017

Last sale price $395,000 $104 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $7,777 / mo

30 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • Crown Molding
  • Fireplace in Kitchen
  • Double Pane Windows
  • Laundry Room

About This Home

As of April 2017

MOTIVATED SELLER!!! This property is a wonderful investment opportunity, perfect for a first time investor or even a owner operator. This property was remodeled in 2007, and each unit has Crown molding, granite counter tops in kitchen and bathrooms, ceiling fans in each room, double pained windows and all the walls have been resurfaced. . The landscaping is low maintenance with a desert landscape feel. Don't miss out, come check out this property while it last!!

Last Agent to Sell the Property

REBECCA CORCORAN

License #01969589 Listed on: 01/16/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Desert faces the front of the property
  • Two or More Common Walls
  • Fenced
  • Fence is in good condition
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,800 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Tile Flooring
  • Laundry Room

Kitchen

  • Dishwasher
  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • No Driveway
  • Unassigned Parking

Additional Features

  • Fireplace in Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 67,6
  • Assessor Parcel Number 600200007

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $5,048
  • Insurance Expense $2,750
  • Other Expense $2,607
  • New Taxes Expense $7,258
  • Operating Expense $26,737
  • Gross Income $44,400
  • Net Operating Income $26,737

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

9,583 Sq Ft Lot

Listing Details

  • CapRate: 7.50
  • Property Attached: Yes
  • Subdivision Name Other: unknown
  • Zoning: CPS
  • Property Type: Residential Income
  • Gardener Expense: 5048.00
  • Parcel Number: 600200007
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Family Room, Kitchen, Patio
  • Levels: One
  • Price Per Square Foot: 103.95
  • Room Type: All Bedrooms Down, Family Room, Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Uncovered, No Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Desert Front
  • Lot Size Sq Ft: 9583.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 2750.00
  • Net Operating Income: 26737.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 17663.00
  • Other Expense: 2607.00
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Expenses: 26737.00

Tax Info

  • New Taxes Expense: 7258.00
  • Tax Census Tract: 452.24
  • Tax Lot: 67,6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2026
Sold by
Harout Kirejian
Bought by
Kirejian Harout & Mary Living Trust and Kirejian
Current Estimated Value
$1,340,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$414,594
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$925,739

Purchase Details

Listed on
Jan 16, 2017
Closed on
May 5, 2017
Sold by
Kirejian Harout and Kirejian Mary
Bought by
Kirejian Harout and Kirejian Mary
Seller's Agent
REBECCA CORCORAN
List Price
$435,000
Sold Price
$395,000
Premium/Discount to List
-$40,000
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.54%
Original Mortgage
$296,250
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 16, 2017
Closed on
Mar 20, 2017
Sold by
Anderson Sally Jane
Bought by
Kirejian Harout and Kirejian Mary
Seller's Agent
REBECCA CORCORAN
List Price
$435,000
Sold Price
$395,000
Premium/Discount to List
-$40,000
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2014
Sold by
Jackaway Evelyn
Bought by
Jackaway Evelyn

Purchase Details

Closed on
Dec 3, 2014
Sold by
Anderson Sally J
Bought by
Anderson Sally Jane

Purchase Details

Closed on
May 29, 2007
Sold by
Anderson Sally J
Bought by
Anderson Sally J

Purchase Details

Closed on
Jan 2, 2007
Sold by
Jones Lee W and Prince Cham T
Bought by
Niemiec Terrance G and Anderson Sally J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2003
Sold by
Lander Jeffrey Jon
Bought by
Jones Lee W and Prince Cham T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 18, 1999
Sold by
Lander Jeffrey Jon
Bought by
U S Acquisitions Inc

Purchase Details

Closed on
Jul 28, 1999
Sold by
Hauser Donald W and Hauser Lavon Lavon
Bought by
Lander Jeffrey Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1999
Sold by
Hauser Donald W and Hauser Lavon Lavon
Bought by
Hauser Donald W and Hauser Lavon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kirejian Harout & Mary Living Trust -- California Best Title
Kirejian Harout -- California Best Title
Kirejian Harout -- California Best Title
Kirejian Harout -- None Available
Kirejian Harout $395,000 First American Title
Jackaway Evelyn -- None Available
Anderson Sally Jane -- None Available
Anderson Sally J -- None Available
Niemiec Terrance G $378,000 First American Title Company
Jones Lee W $295,000 Commerce Title
Lander Jeffrey Jon -- Commerce Title
U S Acquisitions Inc -- --
Lander Jeffrey Jon $153,000 First American Title Co
Hauser Donald W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirejian Harout $415,000
Previous Owner Kirejian Harout $296,250
Previous Owner Niemiec Terrance G $302,400
Previous Owner Jones Lee W $243,000
Previous Owner Lander Jeffrey Jon $122,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2017 04/25/17 Sold $395,000 -9.2% $104 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $435,000 -- $114 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,050 $458,425 $133,464 $324,961
2023 $8,050 $440,627 $128,283 $312,344
2022 $8,415 $431,988 $125,768 $306,220
2021 $7,229 $423,518 $123,302 $300,216
2020 $7,502 $419,176 $122,038 $297,138
2019 $7,291 $410,958 $119,646 $291,312
2018 $7,102 $402,900 $117,300 $285,600
2017 $7,500 $436,352 $116,127 $320,225
2016 $7,415 $427,797 $113,850 $313,947
2015 $7,259 $421,373 $112,141 $309,232
2014 $7,158 $413,122 $109,946 $303,176
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV17010048

California Regional Multiple Listing Service (CRMLS)

APN: 600-200-007

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