SOLD: $211,500 | 32980 Cathedral Canyon, Cathedral City

 

Four units, all detached. $441,000.
Multi-Family 100% occupied. Two separate parcels contiguous. 

Address: 
32980 Cathedral Canyon
Cathedral City, CA 92234

---

---

INCOME	Monthly	Annually
Gross Rents	$1,575	$18,900
Vacancy and Credit Loss	$79	$945	5% reflects market vacancy rate.
GROSS OPERATING INCOME	$1,496	$17,955
EXPENSES
Advertising		$0
Cleaning		$0
Gardening	$50	$600
Sewer		$0
Insurance	$75	$900
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs & Maint.	$300	$3,600
Pool Service		$0
Property Taxes	$220	$2,640	projected on 1.3M.
Property Management	$120	$1,436
Utilities:
Trash	$25	$300
Water	$40	$480
Gas and Electric		$0
TOTAL OPERATING EXPENSES	$830	$9,956	53% of Gross Rents
NET OPERATING INCOME	$667	$7,999
	$219,000

---

List Price: $441,000
Cap Rate: 3.7%
Status: Closed
Closed on 10-28-15

Sold: $2,350,000 | 73592 Catalina Way, Palm Desert

 

Address:
73592 Catalina Way
Palm Desert, CA

---

---

	Monthly	Annually	Projected/Actual
Gross Rents		$210,000
Vacancy and Credit Loss		$10,500	5% reflects market vacancy rate
Gross Operating Income		$199,500
Advertising		$0
Cleaning		$0
Gardening		$500
Sewer			Actual
Insurance		$1,800	Projected
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$1,200
Repairs and Maint.		$6,000	Projected
Pool Service		$0
Property Taxes		$38,135
Property Management		$7,980
Utilities:
Trash		$2,200
Water		$2,400
Gas and Electric		$2,520
Total Operating Expenses		$62,735
Net Operating Income		$136,765

---

Sold Price: $2,350,000
Status: Sold
Close of Escrow: 2/3/15

Sold: $1,750,000 | 73625-73645-73665 Fred Waring, Palm Desert

 

units on 3 separate parcels

All units are two bedroom, two bath.
1325 square feet each.

Address:
73625-73645-73665 Fred Waring
Palm Desert, Ca

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$10,800	$129,600	Market Rent
Vacancy and Credit Loss	$540	$6,480	5% reflects market vacancy rate
Gross Operating Income	$10,260	$123,120
Advertising		$0
Cleaning		$0
Gardening	$300	$3,600	Owner
Sewer	$221	$2,646	Tax Assessor
Insurance	$400	$4,800	Estimated
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs and Maint.	$300	$3,600	Projected
Pool Service		$0
Property Taxes	$1,837	$22,044	New at 1.23%
Property Management	$616	$7,287	at 6% GOI
Utilities:
Trash	$207	$2,482	Owner
Water		$0	Tenant
Gas and Electric	$57	$684	Owner
Total Operating Expenses	$3,937	$47,244	36% of Gross Rents
Net Operating Income	$6,323	$75,876

---

List Price: $1,750,000
Cap Rate: 4.3%
Sold Price: $1,750,000
Status: Sold
Close of Escrow: 2-1-16

Sold: $575,000 | 32440 Whispering Palms, Cathedral City

 

(1) two bedroom, one bath.  $825.
(3) three bedroom, two bath, $1045, $1125, $1150.

Laundry Income of $40 per month included in above income
10.7 Gross Multiplier

Address:
32440 Whispering Palms
Cathedral City, CA

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$4,185	$50,220
Vacancy and Credit Loss	$209	$2,511	5% reflects market vacancy rate
Gross Operating Income	$3,976	$47,709
Advertising		$0
Cleaning		$0
Gardening	$200	$2,400
Sewer	$0	$0
Insurance	$300	$3,600	Estimated
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs and Maint.	$200	$2,400	Projected
Pool Service		$0
Property Taxes	$580	$6,960	Projected on New Value
Property Management	$318	$3,817	at 8% of GOI
Utilities:
Trash	$165	$1,980	Actual
Water	$166	$1,992	Actual
Gas and Electric		$0
Total Operating Expenses	$1,929	$23,149	46% of Gross Rents
Net Operating Income	$2,047	$24,560

---

List Price: $563,900
Cap Rate: 4.4%
Status: Sold
Price Sold: $575,000

Sold: $420,000 | 45631 Portola, Palm Desert

 

Duplex.   2500 + square feet.
$2400 month GSI

2 bed. 2 ba., fireplace, private back patio and side yard, 2 car garage, washer and dryer hookup.

Directly Across from Award Winning Washington Charter School.

Address: 
45631 Portola
Palm Desert, Ca. 92260

---

	Monthly	Annually	Projected/Actual
Gross Rents	$2,400	$28,800
Vacancy and Credit Loss	$120	$1,440	5% reflects market vacancy rate
Gross Operating Income	$2,280	$27,360
Advertising		$0
Cleaning		$0
Gardening	$100	$1,200	Actual
Sewer	$49	$588	Actual
Insurance	$175	$2,100	From Owner
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs and Maint.	$100	$1,200	Projected
Pool Service		$0
Property Taxes	$436	$5,232
Property Management	$182	$2,189	at 8% of GOI
Utilities:
Trash	$23	$276	From Owner
Water	$38	$456	From Owner
Gas and Electric		$0
Total Operating Expenses	$1,103	$13,241
Net Operating Income	$1,177	$14,119

---

List Price: $439,000
Status: Sold
Sold Price: $420,000

SOLD: $445,000 | 78923 Avenue 42, Bermuda Dunes

 

3 bed, 3 bath, 1600 sq.ft. + units.
Fireplace, interior laundry, 2 car garage. Large private fully enclosed back yard.
Built in 2003

Address: 
78923 Avenue 42
Bermuda Dunes, CA 92203

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$2,850	$34,200
Vacancy and Credit Loss	$143	$1,710	5% reflects market vacancy rate
Gross Operating Income	$2,708	$32,490
Advertising		$0
Cleaning		$0
Gardening	$125	$1,500
Sewer	$55	$660	Actual
Insurance	$75	$900	Projected
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs and Maint.	$100	$1,200	Projected
Pool Service		$0
Property Taxes	$460	$5,520	at $450,000
Property Management	$217	$2,599	at 8%
Utilities:
Trash	$50	$600
Water	$60	$720
Gas and Electric		$0
Total Operating Expenses	$1,142	$13,699
Net Operating Income	$1,566	$18,791

---

List Price: $450,000
Cap Rate: 4.2%
Sold Price: $445,000
Status: Sold

SOLD: $590,00 | 32880 Rancho Vista Dr, Cathedral City

 

7700 Sq.Ft., Four Plex in Strong Rental Area. 
Two Car Garages, Pool. 
Sewer costs included with property taxes.
Three “units”  3 bed. 2.5 bath.
One 4 bed, 2.5 ba.
Excellent Condition

Address:
32880 Rancho Vista Drive
Cathedral City, Ca 92234

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$5,295	$62,540
Vacancy and Credit Loss	265	3,177	5% reflects market vacancy rate
Gross Operating Income	$5,030	$60,363
Advertising		$0
Cleaning		$0
Gardening	$158	$1,896	Actual
Sewer	$98	$1,176	Actual
Insurance	$137	$1,642	Actual
Legal Fees		$0
Licenses and Permits	$42	$504	Actual
Pest Control		$0
Repairs and Maint.	$200	$2,400	Projected
Pool Service	$130	$1,560	Actual
Property Taxes	$635	$7,620	Projected on new at 8% of GOI
Property Management	$402	$4,829
Utilities:
Trash	$60	$720
Water	$120	$1,440	Actual
Gas and Electric	$136	$1,632	Actual
Total Operating Expenses	$2,118	$25,421	40% GOI
Net Operating Income	$2,912	$34,942

---

List Price: $624,900
Cap Rate: 5.6%
Sold Price: $590,000
Status: Available

SOLD: $590,00 | 44560 San Rafael, Palm Desert

 

(4) 2 bedroom, 2 bath garden style units. One with 2 car garage. Carports for other units. Built in 2003.

Address:
44560 San Rafael
Palm Desert, CA 92260

---

Commercial Real Estate

44560 San Rafael

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$4,700	$56,400
Vacancy and Credit Loss	$235	$2,820
Gross Operating Income	$4,465	$53,580	5% reflects market vacancy rate.
Advertising		0
Cleaning		0
Gardening	$200	$2,400	Actual
Insurance	$225	$2,700
Legal Fees		0
Licenses and Permits		0
Pest Control		0
Repairs & Maint.	$200	$2,400	Projected
Pool Service		$0
Property Taxes	$730	$8,763	Projected on 750000
Property Management	$357	$4,286	Projected at 8%
Utilities:
Trash	$100	$1,200
Water	$130	$1,560	Projected
Gas and Electric	$0	$0
Sewer	$98	$1,176	Actual
Total Operating Expenses	$2,040	$24,485
Net Operating Income	$2,425	$29,095

---

List Price: $750,000
Cap Rate: 3.9% Cap Rate
Sold Price: $710,000
Status: Sold

Sold: $365,000 | 44769 Palm Drive, Indio

 

Three - 2 bedroom, 1 bath
Two - 1 bedroom, 1 bath
Always rented. Across street from Miles Park.

Address: 
44769 Palm Drive
Indio, CA

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$3,820	$45,840
Vacancy and Credit Loss	$191	$2,292	5% reflects market vacancy rate
Gross Operating Income
Advertising		0
Cleaning		0
Gardening	$125	$1,500
Sewer	$113	$1,356
Insurance	$100	$1,200
Legal Fees		0
Licenses and Permits		0
Pest Control	$25	$300
Repairs and Maint.	$300	$3,600
Pool Service		0
Property Taxes	$400	$4,800
Property Management	$290	$3,484
Utilities:
Trash	$105	$1,260
Water and Sewer	$175	$2,100
Gas and Electric		0
Total Operating Expenses	$1,633	$19,600	43% of Gross Rents
Net Operating Income

---

List Price: $395,000
Cap Rate: 6.1%
Status: Available

Sold: 32970 Catheral Canyon, Cathedral City

 

Four units, all detached. $441,000.
Multi-Family 100% occupied. Two separate parcels contiguous. 

Address: 
32970 Cathedral Canyon
Cathedral City, CA 92234

---

---

INCOME	Monthly	Annually
Gross Rents	$1,575	$18,900
Vacancy and Credit Loss	$79	$945	5% reflects market vacancy rate.
GROSS OPERATING INCOME	$1,496	$17,955
EXPENSES
Advertising		$0
Cleaning		$0
Gardening	$50	$600
Sewer		$0
Insurance	$75	$900
Legal Fees		$0
Licenses and Permits		$0
Pest Control		$0
Repairs & Maint.	$300	$3,600
Pool Service		$0
Property Taxes	$220	$2,640	projected on 1.3M.
Property Management	$120	$1,436
Utilities:
Trash	$25	$300
Water	$40	$480
Gas and Electric		$0
TOTAL OPERATING EXPENSES	$830	$9,956	53% of Gross Rents
NET OPERATING INCOME	$667	$7,999
	$219,000

---

Sold Price: $210,000
Cap Rate: 3.7%
Status: Closed

Sold: 33089 Shifting Sands Trail, Cathedral City

 

33089 Shifting Sands Trail, Cathedral City - SOLD

Address:
33089 Shifting Sands Trail
Cathedral City, CA 92234

---

---

	Monthly	Annually	Projected/Actual
Rents	2,100	25,200
Vacancy and Credit Loss	105	1260	5% reflected
Gross Operating Income	1995	23,940	market vacancy rate
Advertising	10	120
Cleaning		0
Gardening	75	900
Insurance	120	1440
Licenses and Permits	10	120
Pest Control		0
Repairs and Maint.	250	3000
Property Taxes	202	2424
1915 Bond Assessment
Property Management	200	2394
Utilities:
Trash	50	600
Sewer	50	600
Gas and Electric		0
Water	50	600
Supplies
Total Operating Expenses	1017	12198	48%
Net Operating Income	979	11742

---

List Price: $219,900
Cap Rate: 5%
Above is a model and no guarantees are implied by broker.
Sold Price: $214,000
Status: Sold

SOLD - 33250 Wishing Well, Cathedral City, CA.

(3) - 3 bedroom. 2 ba units. 2 car garages each unit. Built in 1989, 3948 sq.ft. 100% occupied with excellent tenants
Nice Triplex in desirable area. 100% occupied with excellent tenants. DO NOT GO ON THE PROPERTY. TENANTS NOT AWARE PROPERTY IS FOR SALE. DRIVE BY ONLY AND CONTACT LISTING BROKER FOR ANY QUESTIONS PLEASE.

http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Desertarea&PRGNAME=MLSLogin&ARGUMENT=4smpO5Hy1oK3XrPqyqBF%2FM1qRYar8JRnOxU0Hsfw22I%3D&KeyRid=1&Include_Search_Criteria=&CurrentSID=188690378

Address:
33250 Wishing Well
Cathedral City, CA 92234

 

---

---

	Monthly	Annually	Projected/Actual
Gross Rents	$3,085	$37,020
Vacancy and Credit Loss	$154	$1,851	At 5% market rate
Gross Operating Income	$2,931	$35,169
Expenses
Advertising	$0	$0
Cleaning	$0	$0
Gardening	$100	$1,200	Actual
Sewer	$74	$888	With property tax billing
Insurance	$125	$1,500
Legal Fees	$0	$0
Licenses and Permits	$0	$0
Pest Control	$0	$0
Repairs & Maint.	$300	$3,600	Projected
Sewer Bond	$0	$0
Property Taxes	$289	$3,468	Actual
Property Management	$293	$3,517	10% of gross rents collected
Utilities:
Trash	$28	$336	Actual
Water	$50	$600	Actual
Gas and Electric	$0	$0
Total Operating Expenses	$1,259	$15,109	41% of Gross Rents
Net Operating Income	$1,672	$20,060

---

List Price: $325,000
Cap Rate: 6.2%
Above Actuals are provided by owner.
Above is a model and no guarantees are implied by broker.
Sold Price: $325,000
Status: Sold

SOLD: $360,00 | 482 W. Pico, Palm Springs

 

Five units...1 two bedroom, 1 bath; 4 one bedroom, 1 bath. 100% occupied, pool, great condition.

Address:
482 W. Pico
Palm Springs, CA 92262

---

---

	Monthly	Annually	Projected/Actual
Rents	3,525	42,300
Vacancy and Credit Loss	176	2115	5%
Gross Operating Income	3349	40,185	market vacancy rate
Advertising	0	0
Cleaning	0	0
Gardening	100	1200	Projected
Insurance	125	1500	Projected
Licenses and Permits	0
Sewer	72	864	ACTUAL
Repairs and Maint.	250	3000	Projected
Property Taxes	424	5088	At 1.21346%
1915 Bond Assessment
Property Management	325	4018	10% gross rents collected
Utilities:
Trash	75	900	Projected
Water	100	1200	Projected
Gas and Electric	75	900	Projected
Total Operating Expenses	1681	20170	0.47684397
Net Operating Income	1668	20014

---

List Price: $419,000
Cap Rate: 5%
Above is a model and no guarantees are implied by broker.
Sold Price: $360,000
Status: Sold

SOLD: $285,000 | Triplex, Cathedral City

(3) 2 bedroom, 2 bath units, 100% occupied Built in 1986, all have two car garages. 100% occupied with excellent tenants.

---

---

	Monthly	Annually	Projected/Actual
Rents	$2,725	$32,700
Vacancy and Credit Loss	$136	$1,635	At 5% market rate
Gross Operating Income	2, 589	31, 065
Advertising		0
Cleaning		0
Gardening	$100	$1200	Actual
Insurance	$125	$1500	Projected
Licenses and Permits		0
Pest Control		0
Repairs and Maint.	$300	$3,600	Projected
Property Taxes	$263	$3,156	Actual
1915 Bond Assessment
Property Management	$259	$3,107	10% of gross rents collected
Utilities:
Trash	$43	$516	Actual
Sewer	$74	$888	With property tax billing
Water	$50	$600	Actual
Gas and Electric		0
Supplies
Total Operating Expenses	$1,214	$14,567	45% of Gross Rents
Net Operating Income	$1,375	$16,499

---

List Price: $295,000
Cap Rate: 5.2%
Above Actuals are provided by owner. Actual for property taxes, sewer and trash is taken from the tax assessor.
Above is a model and no guarantees are implied by broker.
Sold Price: $285,000
Status: Sold

SOLD: $1,075,000 | 12 units - 83405 Date Ave., Indio

 

12 - Three Bedroom One Bath units.

Address: 
83405 Date Ave.
Indio, CA 92201

---

---

	Monthly	Annually	Projected/Actual
Rents	10,750	129,000
Vacancy and Credit Loss	968	11610	at 9%
Gross Operating Income	9783	117,390
Advertising
Cleaning
Gardening	300	3600	From Owner
Insurance	375	4500	From Owner
Licenses and Permits
Pest Control
Repairs and Maint.	635	7620	From Owner
Property Taxes	920	11040	projected at 1.1%
Property Management	783	9391	projected at 8%
Utilities:
Trash	258	3096	From Owner
Water and Sewer	525	6300	From Owner
Gas	42	504	From Owner
Electric	55	660	From Owner
Total Operating Expenses	3838	46051	39%
Net Operating Income	5945	71339

---

List Price: $1,150,000
Cap Rate: 6%
Above is a model and no guarantees are implied by broker.
Sold Price: $1,075,000
Status: Sold

SOLD: $420,000 | 1932 E Calle Lileta, Palm Springs

 

Sold MAI Appraisal on file at $440,000. 9 units in the heart of Palm Springs. Inviting pool will entice tenants. Within walking distance to shopping, airport, city hall. Owner's unit has fireplace. 4 - 1bedrooms, 5 studios. Most face the pool. Extra large corner lot - trees for shade. Off street parking for tenants. There is a laundry room on property for tenants. Electric is sub-metered for air conditioning portion only.

Address: 
1932 E Calle Lileta
Palm Springs, CA 92262-7125

---

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

---

	Monthly	Annually	Projected/Actual
Rents	5,725	68,700
Vacancy and Credit Loss	590	7,080
Gross Operating Income	5,135	61,620
Advertising	115	1,380	Actual 2010
Cleaning	0	0	Actual 2010
Gardening	171	2,052	Actual 2010
Insurance	164	912	Actual 2010
Licenses and Permits	76	912	Actual 2010
Pest Control	20	240	Actual 2010
Repairs and Maint.	600	7,200	Projected
Pool Service	217	2,604	Actual 2010
Property Taxes	440	5,280	Projected on 440 value.
Property Management	514	6,162	10% of GOI
Utilities:
Trash	115	1380	Actual 2010
Water and Sewer	113	1,356	Actual 2010
Gas	139	1668	Actual 2010
Electric	291	3,492	Actual 2010
Total Operating Expenses	2,975	35,694	52%
Net Operating Income	2,161	25926

---

List Price: SOLD
Cap Rate: 6
Above is a model and no guarantees are implied by broker.
Sold Price: $420,000
Status: Sold

SOLD: $320,000 | 34930 Corregidor Dr, Cathedral City

 

(5) 1 bed.1ba. units. Older, in great condition, no deferred maintenance. All units individually metered for gas, water and electric. All permits available. One duplex completed 1961, one duplex completed in 1970. These units really are in GREAT condition. Very attractive floor plans with semi-private patios for each unit. Expenses that are stated are accurate and complete. Year Built - 1956Approx. Square Footage - 2954

Address:
34930 Corregidor Dr
Cathedral City, CA 92234

---

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

View fullsize

---

	Monthly	Annually	Projected/Actual
Rents	3,150	37,800
Vacancy and Credit Loss	315	3,780
Gross Operating Income	2,835	35,020
Advertising	10	120
Cleaning	25	300
Gardening	50	600
Insurance	125	1,500
Repairs and Maint.	300	3,600
Property Taxes	280	3,360
Property Management	284	3,402
Utilities:
Trash	25	300
Water and Sewer	125	1,500
Total Operating Expenses	1,414	16,962
Net Operating Income	1,422	17,058

---

List Price: $325,000
Sold Price: $320,000
Status: Sold

SOLD: $375,000 | 68480 Kings Road, Cathedral City

 

Seven (7) two bedroom, one bath units. 800/900 sq.ft. Tile floors in all but one unit. Most units have been redone. Attractive curb appeal, two story building. Off street parking.

Address: 
68480 Kings Road
Cathedral City, CA 92234

---

View fullsize

View fullsize

View fullsize

---

	Monthly	Annually	Projected/Actual
Rents	5,250	63,000
Vacancy and Credit Loss	525	6,300	10% projected
Gross Operating Income	4,725	56,700
Advertising	25	300	Projected
Cleaning	0	0
Gardening	125	1,500	Projected
Insurance	200	2,400	Projected
Licenses and Permits	50	600	Projected
Pest Control	37	444	Projected
Repairs and Maint.	500	6,000	Projected
Property Taxes	752	9,024	Projected
1915 Bond Assessment	489	5,868	Actual
Property Management	473	5,670	10% gross rents collected
Utilities:
Trash	97	1,164	Projected
Water and Sewer	100	1,200	Projected
Gas	25	300	Projected
Electric	25	300	Projected
Supplies	30	360	Projected
Total Operating Expenses	2,928	35,130
Net Operating Income	1,798	21,570

---

List Price: SOLD
Cap Rate: Cap Rate 5.7
Above is a model and no guarantees are implied by broker.
Sold Price: $375,000
Status: Sold

SOLD: $445,000 | 44667 San Pablo, Palm Desert

 

All units have been upgraded within the past 2 years. All 2 bedrooms/2 baths with ceramic tile throughout the apartment. Added income from the non-permitted studio apartment - $750/mo rent. Carport for the units, with extra off-street parking for guests or 2nd cars. Swimming pool and spa with upgraded security gates. The 6th unit is a non-conforming studio that has not been permitted by the city.

Address: 
44667 San Pablo
Palm Desert, CA 92260

---

---

	Monthly	Annually	Projected/Actual
Rents	5,475	65,700
Vacancy and Credit Loss	274	3,285
Gross Operating Income	5,201	62,415
Advertising	45	540	Actual 2007
Cleaning	93	1,116	Actual 2007
Gardening	414	4,968	Actual 2007
Insurance	311	3,732	Actual 2007
Licenses and Permits	53	636	Actual 2007
Pest Control	2	24	Actual 2007
Repairs and Maint.	300	3600	Actual 2007
Pool Service	398	4,776	Actual 2007
Property Taxes	755	9,060	Projected @ 1.25%
Property Management	520	6,242	Projected @ 10%
Utilities:
Trash	127	1,524	Actual 2007
Water	202	2,424	Actual 2007
Gas & Electric	289	3,468	Actual 2007
Total Operating Expenses	3,509	42,110
Net Operating Income	1,692	20,306	65%

---

List Price: SOLD
Cap Rate: 2.8 675,000
Above is a model and no guarantees are implied by broker.
Sold Price: $445,000
Status: Sold