225 East Avenida Palmera
225 East Avenida Palmera
Sold 1/22/24
Sold 1/22/24
Description
Listing Agent
![James Gault]()
james.gault@compass.comP: 310.621.7765
Property Details for 225 East Avenida Palmera
Location
Sold By Compass, James Gault, DRE #01985784
Property Details for 225 East Avenida Palmera
| Status | Sold |
|---|---|
| MLS # | 22-182577 |
| Days on Market | 544 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1976 |
| Lot Size | 0.93 AC / 40,511 SF |
| County | Riverside County |
Location
Sold By Compass, James Gault, DRE #01985784
Building Information for 225 East Avenida Palmera
Payment Calculator
$24,659 per month
30 year fixed, 7.25% Interest
$21,830
$2,829
$0
Property Information for 225 East Avenida Palmera
- Number Of Units: 18
- Senior Community: No
- Builders Tract Name: Tahquitz River Estates
- Builders Tract Code: 7000
- Year Built Source: Plans
- Number Of Stories: 2
- Number Of Buildings: 3
- Type Of Units: apartments
- View: Yes
- View Description: Green Belt, Mountains
- View: Park/Greenbelt, Mountain(s)
- Water: District
- Sewer: In Connected and Paid
- Water Heaters: Yes
- ADA Compliance: No
- Building Permit: Yes
- Probate: No
- Disclosures: None
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
- Scheduled Actual: Scheduled
- Gross Operating Income: $338,100
- Net Operating Income: $234,504.00
- Gross Income: $335,100
- Cap Rate: 4.96%
- Gross Rent Multiplier: $13.98
- Financial Info as Of: 05/01/2023
- Owner Pays: Gardener, Water, Pool Service
- Total Annual Expense: 103596
- Land Lease Type: Fee
- Land Lease: No
- Additional Parcel Number: No
- Paved: Yes
- Lot Acreage: 0.93
- Lot Size Square Feet: 40511
- Lot Features: Lawn, Landscaped
- Lot Description: Curbs, Lawn, Landscaped, Lot-Level/Flat, Sidewalks
- Lot Location: Near Public Transit
- Parking Garage: Carport, Carport Detached, Covered Parking, On street, Uncovered
- Total Parking: 26
- Covered Parking: 18
- Parking Features: Carport, Detached Carport, Covered, Street, Uncovered
- Attached Garage: No
- Levels: Multi/Split
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Cooling Type: Central
- Heating: Central
- Heating Type: Central
- Equipment: Ceiling Fan, Dishwasher, Freezer, Refrigerator, Range/Oven
- Interior Features: Ceiling Fan(s)
- Common Walls: Attached
- Cooking Appliances: Oven, Microwave
- Laundry: Community, Laundry Area
- Laundry Equipment: Own
- Pool: Yes
- Pool Description: In Ground, Filtered
- Pool Features: In Ground, Filtered
- Spa: Yes
- Spa: Heated, In Ground
- Tennis: No
- Tennis Court: None
- Roof: Clay
- Sprinklers: Sprinkler System, Sprinkler Timer
- Patio Features: Enclosed
- Entry Location: Ground Level - no steps
- New Construction: No
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Foundation Details: Slab
- Other Structural Features: Balcony
- Other Structures: None
- Entry Date: 07-27-2022
- Tenant Pays: Electricity, Gas, Insurance
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,528.00
- Unit Actual Rent: $9,170.00
- Unit Projected Rent: $12,000.00
- Like Units: 6
- Unit Beds: 2
- Unit Baths: 3
- Unit Furnished: No
- Unit Rent: $1,608.00
- Unit Actual Rent: $6,430.00
- Unit Projected Rent: $9,600.00
- Like Units: 4
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $1,800.00
- Unit Actual Rent: $7,200.00
- Unit Projected Rent: $9,100.00
- Like Units: 4
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,281.00
- Unit Actual Rent: $5,125.00
- Unit Projected Rent: $7,000.00
- Like Units: 4
- Unit Type Type: 2106, 2107, 2108, 2109
- Number of Dishwasher: 18
- Number of Electric Meters: 18
- Number of Gas Meters: 18
- Number Leased: 18
- Number Refrigerator: 18
- Number Rented Garages: 0
- Assessed Improvement Value: $1,776,516.00
- Assessed Improvement Percent: 80.0
- Assessed Land Value: $444,128.00
- Assessed Land Percent: 20
- Assessed Total Value: $2,220,644.00
Property History for 225 East Avenida Palmera
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 225 East Avenida Palmera
Schools near 225 East Avenida Palmera
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Cahuilla Elementary School PublicK to 5 | ||
Raymond Cree Middle School Public6 to 8 | ||
Palm Springs High School Public9 to 12 | ||
Desert Learning Academy PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Compass, James Gault, DRE #01985784
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.