NOT LISTED FOR SALE

83155 Sonora Ave Indio, CA 92201

Estimated Value: $576,458 - $980,000

8 Beds
5 Baths
3,000 Sq Ft
$232/Sq Ft Est. Value

Last Sold February 03, 2017

Last sale price $300,000 $100 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,249/month

3 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property
  • Lawn

About This Home

As of February 2017

Excellent fully-occupied income property with 7.3% cap rate! One story block construction building has 4 units: 3 units of 2BR/1BA and 1 unit of 2BR/2BA. Each unit is individually metered for electricity and gas. Each unit averages 750 SF. Onsite laundry room brings extra income. Brand new exterior paint for the whole building. Block building offers extra cooling in summer, easy to maintain and has longer lifespan. The building is fully occupied by long term tenants. Walking distance to elementary and high schools. Close to the DMV, Target, Walmart, restaurants, I-10 freeway. Currently in place monthly rent is $2,790; market rent is $3,000.

Last Agent to Sell the Property

Benjamin Laborde

Soloan Inc License #01856611 Listed on: 01/07/2017

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,120

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Lawn
  • Front Yard

Home Design

  • Apartment

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 611282010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $876
  • Maintenance Expense $1,861
  • Trash Expense $762
  • Water Sewer Expense $2,497
  • New Taxes Expense $4,606
  • Operating Expense $10,602
  • Gross Income $37,200
  • Net Operating Income $25,398

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,120

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2497.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 611282010
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 100.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 762.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 8712.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 37200.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 876.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Maintenance Expense: 1861.00
  • Net Operating Income: 25398.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10602.00
  • Rent Control: No
  • Total Actual Rent: 2790.00
  • Total Expenses: 10602.00

Tax Info

  • New Taxes Expense: 4606.00
  • Tax Census Tract: 453.03
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2017
Closed on
Jan 24, 2017
Sold by
Soloan Inc
Bought by
Spssm Investments Ix Lp
Seller's Agent
Benjamin Laborde
Soloan Inc
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Current Estimated Value
$697,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,115
Avg. Annual Appreciation
10.13%

Purchase Details

Listed on
Apr 12, 2013
Closed on
Apr 9, 2013
Sold by
Federal National Mortgage Assoication
Bought by
Soloan Inc
Seller's Agent
Benjamin Laborde
Soloan Inc
Buyer's Agent
Benjamin Laborde
Soloan Inc
Sold Price
$700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Purchase Details

Closed on
Oct 31, 2012
Sold by
Soto Juventino
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 26, 2007
Sold by
Rodriguez Rosa
Bought by
Soto Juventino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,890
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2006
Sold by
Rodriguez Rosa
Bought by
Sanchez & Rodriguez Real Estate Co Inc

Purchase Details

Closed on
Nov 15, 2004
Sold by
Frias Andrey and Frias Marius
Bought by
Rodriguez Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2002
Sold by
Elhabet Azza Ebrhim
Bought by
Frias Andrey and Frias Marius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,914
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 1999
Sold by
Contractors Financial Services Inc
Bought by
Elhabet Azza Ebrhim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
7.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 1998
Sold by
Santa Fe Homes Of America Inc
Bought by
Contractors Financial Services Inc

Purchase Details

Closed on
Nov 12, 1997
Sold by
Joelaine Davidian
Bought by
Santa Fe Homes Of America Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,960
Interest Rate
7.23%
Mortgage Type
Commercial
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
Spssm Investments Ix Lp $300,000 Orange Coast Title Co
Soloan Inc $210,000 Lsi Title Company Inc
Federal National Mortgage Association $355,292 Accommodation
Soto Juventino $399,000 Southland Title Corporation
Rodriguez Rosa -- Southland Title Corporation
Sanchez & Rodriguez Real Estate Co Inc -- None Available
Rodriguez Rosa $305,000 Southland Title Corporation
Frias Andrey $145,000 First American Title Co
Elhabet Azza Ebrhim $72,000 Lawyers Title Company
Elhabet Azza Ebrhim -- Lawyers Title Company
Contractors Financial Services Inc $89,260 Lawyers Title Company
Santa Fe Homes Of America Inc $36,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Rosa $39,890
Previous Owner Soto Juventino $319,120
Previous Owner Rodriguez Rosa $228,750
Previous Owner Frias Andrey $132,914
Previous Owner Elhabet Azza Ebrhim $46,000
Previous Owner Santa Fe Homes Of America Inc $76,960
Closed Rodriguez Rosa $45,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2017 02/03/17 Sold $300,000 -14.3% $100 / Sq Ft
01/07/2017 01/07/17 For Sale $350,000 0.0% $117 / Sq Ft
06/01/2013 06/01/13 Rented $700 -12.5% --
06/01/2013 06/01/13 Under Contract -- -- --
04/12/2013 04/12/13 For Rent $800 0.0% --
04/11/2013 04/11/13 Sold $210,000 -25.3% $21 / Sq Ft View Prior Sale
03/29/2013 03/29/13 Pending -- -- --
12/31/2012 12/31/12 For Sale $281,000 -- $28 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,120 $348,169 $81,238 $266,931
2023 $7,120 $334,652 $78,085 $256,567
2022 $6,458 $328,091 $76,554 $251,537
2021 $6,202 $321,658 $75,053 $246,605
2020 $6,608 $318,361 $74,284 $244,077
2019 $6,404 $312,120 $72,828 $239,292
2018 $6,238 $306,000 $71,400 $234,600
2017 $5,223 $222,812 $42,439 $180,373
2016 $5,203 $218,444 $41,607 $176,837
2015 $4,964 $215,165 $40,983 $174,182
2014 $4,907 $210,952 $40,181 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17004235

California Regional Multiple Listing Service (CRMLS)

APN: 611-282-010