Carol & Jay Starr | Debra Vollmer

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Listing provided courtesy of Desert Properties of Coachella Valley - MLS#219101008MLS Provider

46100 Ocotillo DrivePalm Desert, CA 92260

Multi-Family · 12 Beds · 12 Full Baths · 7,800 Sq. ft.

$2,000,000 Active

Overview

Time on Site:
51 days
Visits:
0

Rarely available Mid-Century Garden - style Apartment building | 6 - 2 bedroom 2 bath large units with back patios | All units are clean, and well maintained | 5 units are at Market rents | All units open to gated pool | Community laundry room | Carport parking plus additional off street driveway parking | Walking distance to world famous El Paseo shops and restaurants | Will perform at approx 4.5% CAP rate, at asking price | Incredibly well maintained - Excellent turn-key investment

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,800
  • Price/Sq.ft. $256

General

Listing Information
  • Dual Variable Compensation: false
Building Information
  • Year Built: 1965
Location/Region
  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 323 - Palm Desert South
  • Subdivision Name: Not Applicable
  • Walk Score: 0
General Information
  • Disclosures: Pet Restrictions
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Beds/Baths
  • Bathrooms Full: 12
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 12
  • Bedrooms Total: 12
Building Interior
  • Building Area Total: 7800.0
General Information
  • Fireplace: false
  • Flooring: Mixed
  • Levels: One
  • Living Area: 7800.0
  • Spa: false
  • Stories Total: 1

Exterior

Parking Information
  • Parking Features: Assigned,Attached Carport,Total Uncovered/Assigned Spaces
  • Parking Total: 10.0
Lot Information
  • Lot Size Area: 20038.0
  • Lot Size Source: Assessor
Waterfront/View
  • View: false
Building Exterior/Construction
  • Attached Garage: false
General Information
  • Carport Spaces: 6.0
  • Pool Features: Community,In Ground,Safety Fence
  • Pool Private: true
  • Sewer: In, Connected and Paid

Neighborhood

Palm Desert

Palm Desert is located in the heart of the Coachella Valley and offers an incredible arts scene, exceptional outdoor recreation facilities, lush golf courses, and the best shopping in the Coachella Valley.

Learn More

Community

92260 (Palm Desert) Demographics
53
Median Age
1,211
Population Density (per sq. mile)
46%
College Educated
$61,161
Estimated Median Income
9,677
Estimated Total Home Owners
5,891
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
3
Public
Abraham Lincoln Elementary
  • Grades: KG - 5
  • Enrollment: 609
4
Public
George Washington Charter
  • Grades: KG - 5
  • Enrollment: 801
4
Public
James Earl Carter Elementary
  • Grades: KG - 5
  • Enrollment: 585
Middle Schools
4
Public
Palm Desert Charter Middle
  • Grades: 6 - 8 /
  • Enrollment: 1,406
High Schools
4
Public
Palm Desert High
  • Grades: 9 - 12 /
  • Enrollment: 2,090
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,279,408
Median Sales Price
$554
Median Price per Square Foot
96
Properties Sold
156
New on Market
59
Average Days on Market
438
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
10/27/2023Source: CRMLS Price Reduction
$2,000,000 -11.1%
10/27/2023Source: California Desert MLS Price Reduction
$2,000,000 -11.1%
10/8/2023Source: CRMLS Added to Database
October 08, 2023
10/8/2023Source: California Desert MLS Added to Database
October 08, 2023