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$1,599,000   Price Analysis
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145 E Mesquite Ave
Palm Springs, CA 92264
5 bed None bath 2,967 SqFt ($538/SqFt)
8,276SqFt lot. Built 1952
Listed 2024-06-28, Taxes $15,426		Ⓧ USDA Ineligible
due to price & location
near Palm Springs

Welcome to your dream 4-plex in the heart of South Palm Springs

Completely renovated with meticulous attention to detail. This sunlit oasis boasts owned solar panels for sustainable living and significantly lower electric costs, along with a brand-new, shimmering pool to cool off on sunny days. Insde, you'll find modern luxury at every turn, with new appliances, quartz countertops, in-unit washers and dryers and ample off-street parking for your convenience.

Enjoy the added benefit of being within walking distance to downtown, making dining, shopping and entertainment easily accessible. Outdoor enthusiasts will appreciate the proximity to hiking trails, offering the opportunity to explore the area's natural beauty. Whether you're looking for a reliable rental income stream or a versatile multi-generational residence, this property caters to both. The units include (1) 2bd/2ba, (1) 2bd/1ba and (2) 1bd/1ba.


Presented by Thomas Khodjasarian at
Sarian Realty.


Property MLS #BB24128239 from CRMLS

Bedrooms: 5

Open Floorplan
Recessed Lighting
Flooring: Tile

Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan
Appliances YN: Yes
Laundry Features: Electric Dryer Hookup, In Closet, Washer Hookup

Fireplace Features: Living Room, Gas

Pool Features: Community, In Ground

Lot Description: Landscaped
Lot Size Acres: 0.1899908
Lot Size Source: Assessor
Lot Size Square Feet: 8276

Garage Spaces: 6
Parking Total: 6

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4

Community Features: Suburban

Source Listing Status: Active
County: Riverside
Source Property Type: Residential Income
Exclusions: Furniture
Inclusions: Stack washer and dryer in each unit.
Insurance Expense: 235.00
Area: 334 - South End Palm Springs
Source Neighborhood: Tahquitz River Estates (33510)
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 508291004
Postal Code Plus 4: 5115
Subdivision: Tahquitz River Estates (33510)
Trash Expense: 136.00
Zoning: R2
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2023$816,000 + $306,000
$1,122,000		$15,426
2022$320,893 + $69,564
$390,457		$6,191
2021$314,601 + $68,200
$382,801		$6,086
2020$311,376 + $67,501
$378,877		$5,861
2019$305,271 + $66,178
$371,449		$5,776
2018$299,286 + $64,881
$364,167		$5,686
2017$293,418 + $63,609
$357,027		$5,614
2016$287,665 + $62,362
$350,027		$5,446
2015$283,345 + $61,426
$344,771		$5,187
2014$277,796 + $60,224
$338,020		$5,032
2013$276,542 + $59,952
$336,494		$4,975
2012$271,120 + $58,777
$329,897		$4,652
2010$265,804 + $57,625
$323,429		$4,384
2009$264,446 + $57,333
$321,779		$4,381
2009$263,818 + $57,196
$321,014		$4,381
2008$259,261 + $56,209
$315,470		$4,116
2007$254,178 + $55,107
$309,285		$4,101

Listed 2024-06-28
$1,599,000
CRMLS
Listing removed 2023-10-20
$0
PalmSprings
Price Changed 2023-09-11
$1,995,000
PalmSprings
Listed 2023-08-18
$2,195,000
PalmSprings
Listing removed 2011-04-27
$285,000
PalmDesert
Listing removed 2011-04-27
$190,000
PalmDesert
Sold 2001-05-15
$154,000
ITECH
Listing removed 2001-04-12
$285,000
ITECH
Listed 2001-03-06
$285,000
ITECH
Listed 2001-03-06
$285,000
PalmDesert
Listed 2000-04-07
$285,000
ITECH
Listed 2000-04-07
$285,000
PalmDesert
Listed 2000-01-18
$285,000
ITECH
Sold 1998-10-27
$180,000
Public Record
Listed 1998-02-12
$190,000
PalmDesert

Net Operating Income: 8660.00

Total Square Feet Living: 2967
Year Built: 1952
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front Gate
Property Age: 72
Property Condition: Updated/Remodeled
Roof: Shingle
Levels or Stories: One
Building Total Stories: 1
Structure Type: Apartment
Year Built Source: Public Records

Sewer: Sewer: Public Sewer

Cahuilla Elementary School is a public elementary school located approximately 0.4 miles away.
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Palm Springs High School is a public high school located approximately 1.5 miles away.
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Raymond Cree Middle School is a public middle school located approximately 2.5 miles away.
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Desert Chapel Christian School is a private elementary, middle and high school located approximately 1 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.