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$495,000   Price Analysis
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11316 Palm Dr
Desert Hot Springs, CA 92240
Unknown bed None bath 2,402 SqFt ($206/SqFt)
5,663SqFt lot. Built 1960
Listed 2023-06-06, Taxes $8,454
USDA Eligible
near Desert Hot Springs, CA
 Restrictions may apply
due to home size

Great opportunity to own your own rental income property in the up and coming Desert Hot Springs

* No Longer For Sale *
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Located between Joshua Tree and Palm Springs! Fully occupied 4-Plex has THREE 1 bedrom with 1 bath and a studio. Each unit has their own electric and gas meter, WITH one WATER meter for all.

Supreme location right near the Spa District. Only a couple of blocks from Hot Springs Park and Downtown Desert Hot Springs.





Property MLS #IV21194665 from CRMLS

Appliances: Gas Range, Refrigerator
Appliances YN: Y

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Lot Description: Rectangular Lot, Level, Near Public Transit
Lot Size Acres: 0.1300046
Lot Size Source: Assessor
Lot Size Square Feet: 5663

Parking Features: Parking YN: Y, Parking Features: Driveway

Number of Units: 4

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4
Tenant Pays: Gas

Community Features: Curbs, Sidewalks

Source Listing Status: Closed
County: Riverside
Source Property Type: Residential Income
Inclusions: All Refrigerators in all units and all Ranges in all units.
Insurance Expense: 1211.00
Area: 340 - Desert Hot Springs
Source Neighborhood: Other (OTHR)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 639271009
Postal Code Plus 4: 3165
Subdivision: Other (OTHR)
Trash Expense: 1344.00
Zoning: LC
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$408,000 + $71,400
$479,400
$8,454
2022$304,980 + $51,000
$355,980
$6,967
2021$299,000 + $50,000
$349,000
$6,853
2020$217,443 + $36,414
$253,857
$5,489
2019$213,180 + $35,700
$248,880
$5,416
2018$209,000 + $35,000
$244,000
$5,256
2017$80,070 + $45,900
$125,970
$5,630
2016$136,048 + $45,337
$181,385
$4,172
2015$134,005 + $44,657
$178,662
$2,785
2014$131,381 + $43,783
$175,164
$3,975
2013$130,788 + $43,586
$174,374
$4,408
2012$128,224 + $42,732
$170,956
$3,694
2010$125,710 + $41,895
$167,605
$2,618
2009$125,068 + $41,683
$166,751
$4,110
2009$124,771 + $41,583
$166,354
$4,110
2008$122,616 + $40,866
$163,482
$3,915
2007$120,212 + $40,065
$160,277
$3,867

Listing removed 2023-05-25
$0
PalmDesert
Listed for rent 2023-02-19
$1,500
PalmDesert
Sold 2022-04-01
$470,000
CRMLS
Sold 2020-12-22
$349,000
CRMLS
Listing removed 2020-02-02
$0
CRMLS
Price Changed 2019-04-17
$344,000
CRMLS
Listed 2018-12-27
$349,000
CRMLS
Sold 2017-10-17
$249,999
PalmDesert
Listed 2017-08-07
$249,999
PalmDesert
Sold 2017-06-23
$123,500
CRMLS
Sold 2016-02-16
$123,500
Public Record
Listed 2016-01-22
$139,500
CRMLS
Listing removed 2015-11-28
$129,500
CRMLS
Price Changed 2015-10-06
$129,500
CRMLS
Listed 2015-08-28
$134,950
CRMLS
Listing removed 2015-08-24
$149,500
CRMLS
Price Changed 2015-07-30
$149,500
CRMLS
Price Changed 2015-07-18
$159,500
CRMLS
Price Changed 2015-07-03
$169,500
CRMLS
Price Changed 2015-06-10
$185,000
CRMLS
Listed 2015-05-25
$194,500
CRMLS
Listing removed 2014-03-29
$174,900
CRMLS
Price Changed 2013-06-25
$174,900
CRMLS
Listed 2013-03-28
$199,950
CRMLS
Sold 1986-10-27
$75,500
Public Record

Net Operating Income: 25705.00

Total Square Feet Living: 2402
Year Built: 1960
Building Features: 1
Common Walls: 2+ Common Walls
Property Age: 63
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1

Sewer: Sewer: Public Sewer, Water Sewer Expense: 900.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Desert Hot Springs High School is a public high school located approximately 0.9 miles away.
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Painted Hills Middle School is a public middle school located approximately 1.4 miles away.
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Palm Springs Christian Schools is a private elementary, middle and high school located approximately 0.4 miles away.
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Cabot Yerxa Elementary School is a public elementary school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.