NOT LISTED FOR SALE

83405 Date Ave Indio, CA 92201

12 Beds
4 Baths
12,000 Sq Ft
0.8 Acres Lot

Sale Details

Date 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
  • Garden
  • Corner Lot
  • Tile Flooring
  • 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

  • 34,848 Sq Ft 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 in unit
  • 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

0.8 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,615 $1,948,375 $649,458 $1,298,917
2023 $27,422 $1,785,213 $337,742 $1,447,471
2022 $24,715 $1,750,210 $331,120 $1,419,090
2021 $24,227 $1,715,893 $324,628 $1,391,265
2020 $25,258 $1,698,300 $321,300 $1,377,000
2019 $24,652 $1,665,000 $315,000 $1,350,000
2018 $19,829 $1,267,517 $253,503 $1,014,014
2017 $19,506 $1,242,665 $248,533 $994,132
2016 $19,128 $1,218,300 $243,660 $974,640
2015 $17,054 $1,096,500 $178,500 $918,000
2014 $17,451 $1,126,000 $226,000 $900,000
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

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