NOT LISTED FOR SALE

83405 Date Ave Indio, CA 92201

12 Beds
4 Baths
12,000 Sq Ft
0.8 Acres

Last Sold January 31, 2021

Last sale price $1,790,000 $149 Per Sq Ft

80 Days on Market

Highlights

  • 0.8 Acre Lot
  • No HOA
  • Tile Flooring
  • Corner Lot
  • Laundry Room
  • 5-minute walk to South Jackson Park

About This Home

As of January 2021

Investors delight!! 12 unit income property consisting of all 3 bedroom / 1 bath units. 11 units are two story townhome style units with their own second story balcony. 1 unit is a detached 1 story home offering privacy of its own. Each unit is approximately 1,000 sq. ft in size with two assigned parking spaces inside of the property. Central AC / Heat in every unit + most units have washer & drier hook ups in their unit. Property is located in a prime location in the City of Indio, across the street from a park and within driving distance of a major highway and shopping centers. Built in 1996 and well maintained with very little maintenance required.

Last Agent to Sell the Property

Guillermo Durell

Realty Source Inc. License #01732446 Listed on: 09/25/2020

Last Buyer's Agent

Tomer Tzadok

Regional Real Estate License #01921453

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Lot Details

  • 0.8 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Garden
  • Front Yard

Home Design

  • Apartment

Interior Spaces

  • 12,000 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 35
  • Tax Tract Number 1
  • Assessor Parcel Number 612063001

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $720
  • Gardener Expense $1,800
  • Insurance Expense $4,104
  • Maintenance Expense $3,210
  • Pest Control $1,500
  • Trash Expense $2,760
  • Water Sewer Expense $6,720
  • New Taxes Expense $25,200
  • Operating Expense $45,815
  • Gross Income $178,200
  • Net Operating Income $132,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

0

Listing Details

  • CapRate: 7.35
  • Property Attached: Yes
  • Water Sewer Expenses: 6720.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 612063001
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: Two
  • Price Per Square Foot: 149.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport, Uncovered
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 1500.00
  • Sewer: Public Sewer
  • Trash Expense: 2760.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Garden, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 34848.00
  • Lot Size Acres: 0.8000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1000 Square Feet
  • Electric Expense: 720.00
  • Gross Income: 178200.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 178200.00
  • Gross Scheduled Income: 178200.00
  • Insurance Expense: 4104.00
  • Lot Size Area: 34848.0000 Square Feet
  • Maintenance Expense: 3210.00
  • Net Operating Income: 132384.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 45815.00
  • Rent Control: No
  • Total Actual Rent: 178200.00
  • Total Expenses: 45815.00

Tax Info

  • New Taxes Expense: 25200.00
  • Tax Census Tract: 495.00
  • Tax Lot: 35
  • Tax Tract Number: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2021 01/31/21 Sold $1,790,000 -0.6% $149 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $1,800,000 +8.1% $150 / Sq Ft
12/21/2018 12/21/18 Sold $1,665,000 -2.0% $139 / Sq Ft View Prior Sale
12/05/2018 12/05/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $1,699,000 0.0% $142 / Sq Ft
12/01/2016 12/01/16 Rented $1,050 -2.3% --
09/15/2016 09/15/16 For Rent $1,075 0.0% --
03/27/2015 03/27/15 Sold $1,200,000 -3.6% $97 / Sq Ft View Prior Sale
02/06/2015 02/06/15 Pending -- -- --
12/05/2014 12/05/14 For Sale $1,245,000 +15.8% $101 / Sq Ft
03/07/2014 03/07/14 Sold $1,075,000 -6.5% $87 / Sq Ft View Prior Sale
02/14/2014 02/14/14 Pending -- -- --
05/31/2013 05/31/13 For Sale $1,150,000 -- $93 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20200810

California Regional Multiple Listing Service (CRMLS)

APN: 612-063-001