NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $2,034,748

-- Bed
-- Bath
3,000 Sq Ft
$553/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $1,750,000 $583 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,038/month

1 Day on Market

Highlights

  • In Ground Pool
  • Midcentury Modern Architecture
  • Living Room with Fireplace
  • Palm Springs High School Rated A-
  • Mountain View
  • Ground Level Unit

About This Home

As of November 2021

This vacant 4 - plex was built in 1954 by architectural designer Herbert Burns and located in the Warm Sands area of Palm Springs. Over the past year the property has gone through a refresh of the four units encompassing (1) two bedroom two bath, (2) two bedroom/one bath units and (1) studio unit. The front loaded pool and firepit area have stellar mountain views and each has a private area to the rear as well. Three of the units have fireplaces and all of the units have updated flooring and newer windows and two of them have their own laundry facility plus there is an additional communal laundry room on the North side of the property. The units are all individually metered and the complex has 4 parking spots directly in front. Could make a great family compound, investment property or any combination and you get to choose the tenants and create your own portfolio.

Last Agent to Sell the Property

Patrick Jordan

Bennion Deville Homes License #1726623T Listed on: 10/26/2021

Bennion Deville Homes

Last Buyer's Agent

John Burge

Bennion Deville Homes License #01489191

Bennion Deville Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,224

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 100x100
  • South Facing Home
  • Gated Home
  • Landscaped

Home Design

  • Quadruplex
  • Midcentury Modern Architecture
  • Updated or Remodeled

Interior Spaces

  • Mirrored Closets Doors
  • 3,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Laminate
  • Stone

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • In Ground Pool
  • Ground Level Unit
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 508-214-002

Community Details

Recreation

  • Community Pool

Additional Features

  • 4 Units
  • Community Fire Pit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,224

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Builders Tract Code: 7100
  • Living Area: 3000
  • Lot Acreage: 0.2400
  • Lot Dimensions: 100x100
  • Property Condition: Updated/Remodeled
  • Builders Tract Name: Warm Sands
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: Mirrored Closet Door(s)
  • Number Carpet: 0
  • Number Dishwasher: 4
  • Number Drapes: 0
  • Number Refrigerator: 4
  • Fireplace Rooms: Living Room
  • Flooring: Mixed, Stone Tile, Laminate
  • Appliances: Cooktop - Electric, Cooktop - Gas, Microwave, Oven
  • Common Walls: Attached
  • Bathroom Features: Shower Stall
  • Kitchen Features: Counter Top, Remodeled
  • Laundry: Laundry Area, In Unit
  • Laundry Equipment: Own
  • Equipment: Dryer, Ceiling Fan, Dishwasher, Freezer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 583.33
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 4
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Number Rented Garages: 0
  • Parking Garage: Parking Space
  • Total Parking: 4

Utilities

  • Water District: Desert Water Agency
  • Cooling: Central, Air Conditioning, Ceiling Fan
  • Heating: Forced Air
  • Number Electric Meters: 4
  • Security: Smoke Detector, Gated
  • Water Heaters: Yes

Association/Amenities

  • Amenities: Fire Pit, Pool

Schools

  • School District: Palm Springs Unified

Lot Info

  • Assessed Improvement Percent: 83.33
  • Assessed Improvement Value: 1561954
  • Assessed Land Percent: 16.67
  • Assessed Land Value: 312384
  • Total Assessed Value: 1874338
  • Assessor Parcel Number: 508-214-002
  • Lot Description: Landscaped
  • Lot Size Area: 10454

Rental Info

  • Number Leased: 0
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 4
  • Number Wall A C: 0
  • Total Annual Expense: 0
  • Type Of Units: 4-plex
  • Vacancy Rate: 4

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
Huntington And Clay Apartments Lp
Bought by
Brad Robert Prescott Living Trust and Prescott
Current Estimated Value
$1,663,361

Purchase Details

Listed on
Oct 26, 2021
Closed on
Nov 9, 2021
Sold by
Pearson Vicki and Vicki Pearson Family Trust
Bought by
Prescott Brad Robert and Brad Robert Prescott Living Tr
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
John Burge
Bennion Deville Homes
List Price
$1,750,000
Sold Price
$1,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.53%

Purchase Details

Closed on
Oct 27, 2020
Sold by
Veloria Ruth H
Bought by
Pearson Vicki

Purchase Details

Closed on
Jan 20, 2006
Sold by
Veloria Jules
Bought by
Veloria Ruth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 20, 2005
Sold by
Hettinger Marc F
Bought by
Veloria Ruth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 7, 2004
Sold by
Hettinger Marc F
Bought by
Hettinger Marc F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,750
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2004
Sold by
Bonnell J Nicholas and Pearce Kenneth W
Bought by
Hettinger Marc F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,750
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 2001
Sold by
Bonnell J Nicholas and Flynn Charles L
Bought by
Bonnell J Nicholas and Flynn Charles L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2001
Sold by
Bonnell J Nicholas and Pearce Kenneth
Bought by
Bonnell J Nicholas and Flynn Charles L

Purchase Details

Closed on
Apr 6, 2000
Sold by
Winsor Frank W
Bought by
Pearce Kenneth and Nicholas Bonnell J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
8.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 1998
Sold by
Prince John W
Bought by
Winsor Frank W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 1994
Sold by
Prince John W
Bought by
Prince John W
Source: Public Records

Range of Values:

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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
Brad Robert Prescott Living Trust -- None Listed On Document
Prescott Brad Robert $1,750,000 Orange Coast Title Company
Pearson Vicki $1,100,000 Chicago Title
Veloria Ruth H -- Southland Title Inland Empir
Veloria Ruth H $1,495,000 Southland Title Inland Empir
Hettinger Marc F -- Chicago Title Co
Hettinger Marc F $875,000 Chicago Title
Bonnell J Nicholas -- Chicago Title Co
Bonnell J Nicholas -- --
Pearce Kenneth $425,000 Chicago Title Co
Winsor Frank W $220,000 First American Title Ins Co
Prince John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Veloria Ruth H $199,999
Previous Owner Veloria Ruth H $750,000
Previous Owner Hettinger Marc F $568,750
Previous Owner Bonnell J Nicholas $322,000
Previous Owner Pearce Kenneth $318,750
Previous Owner Winsor Frank W $176,000
Previous Owner Prince John W $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $1,750,000 0.0% $583 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $1,750,000 -- $583 / Sq Ft
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 $22,224 $3,285,577 $234,135 $3,051,442
2023 $22,224 $1,785,000 $229,500 $1,555,500
2022 $23,843 $1,750,000 $225,000 $1,525,000
2021 $15,432 $1,100,000 $220,000 $880,000
2020 $24,538 $1,874,338 $312,384 $1,561,954
2019 $24,125 $1,837,587 $306,259 $1,531,328
2018 $23,685 $1,801,556 $300,254 $1,501,302
2017 $23,347 $1,766,232 $294,367 $1,471,865
2016 $22,642 $1,731,601 $288,596 $1,443,005
2015 $21,747 $1,705,593 $284,262 $1,421,331
2014 $21,460 $1,672,185 $278,695 $1,393,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-797400

The MLS

APN: 508-214-002