803 North Palm Canyon Drive
803 North Palm Canyon Drive
Closed 10/31/23
Closed 10/31/23
Description
803 North Palm Canyon Drive consists of 11, two-bedroom/two-bathroom and 1, two-bedroom/two-and-one-half-bathroom townhouse-style units, with an average unit size of 1,457 square feet. The units offer exquisite interior finishes, with all but one unit offering a loft. There is covered parking and storage on the first level, and a beautiful pool deck and townhouse access on the second level. There is also a ±3,453 square foot ground floor retail space, which is occupied. The property is situated on one parcel with a total of ±24,394 square feet of land, with a total building size of ±20,933 square feet.
803 North Palm Canyon Drive features sleek architecture; desert landscaping; covered parking on the ground floor including 12 individual garages; luxurious pool deck on the second floor with shaded cabanas; and an elevator serving the second floor. Unit amenities include high-end Euro-style cabinetry; built-in subzero refrigerators; stainless steel oven/stove combinations with stainless steel range; engineered stone countertops; tile back splash in kitchens; sleek fireplace; 20-foot ceilings in living space with floor to ceiling windows; lofts in all but one unit; patio and balcony in every unit; dual vanities and custom tiled shower in primary bathroom; on demand water heaters; in unit washer and dryers, and central air conditioning and heating. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
- Listed by ERIC CHEN • DRE #01489184 • CB RICHARD ELLIS
Property Details for 803 North Palm Canyon Drive
Location
Sold By NONMEMBER MRML, David Hartunian, DRE #01383641
Property Details for 803 North Palm Canyon Drive
| Status | Closed |
|---|---|
| MLS # | CV23157440 |
| Days on Market | 49 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 2007 |
| Lot Size | 0.56 AC / 24,394 SF |
| County | Riverside County |
Location
Sold By NONMEMBER MRML, David Hartunian, DRE #01383641
Building Information for 803 North Palm Canyon Drive
Payment Calculator
$46,988 per month
30 year fixed, 7.25% Interest
$39,839
$7,149
$0
Property Information for 803 North Palm Canyon Drive
- Gross Income: $502,116
- Gross Scheduled Income: $502,116
- Vacancy Allowance: 25106
- Gross Operating Income: $477,010
- Net Operating Income: $262,101
- Gross Multiplier: 15.04
- Cap Rate: 3.47
- Financing: Cash
- Operating Expense: $214,909
- New Taxes Expense: $102,912
- Fuel Expense: $0
- Electric Expense: $18,600
- Insurance Expense: $13,000
- Maintenance Expense: $23,851
- Professional Management Expense: $19,080
- Other Expense: $2,600
- Other Expense Description: Reserves
- Trash Expense: $1,185
- Water Sewer Expense: $7,641
- Supplies Expense: $10,640
- Total Expenses: $214,909
- Tax Tract Number: 34214
- Tax Census Tract: 446.06
- Tax Lot: 1
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Inside
- Heating Type: None
- Heating: None
- Entry Location: 1
- Pool Features: Community, In Ground
- Pool Description: In Ground
- Spa Features: None
- Lot Features: 11-15 Units/Acre
- Number Of Units: 12
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: Central Palm Springs
- Builders Tract Code: Central Palm Springs (33215)
- Unit Type Units Total: 11
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,717
- Unit Type Total Rent: $29,890
- Unit Type Pro Forma: 3727
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 3
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,630
- Unit Type Total Rent: $2,630
- Unit Type Pro Forma: 4000
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 12
- Number Of Separate Gas Meters: 12
- Number Of Separate Water Meters: 1
Property History for 803 North Palm Canyon Drive
| 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 803 North Palm Canyon Drive
Schools near 803 North Palm Canyon Drive
| Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
| Rating | School | Distance |
|---|---|---|
Katherine Finchy 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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
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.