$77,000 Price Analysis    ♡   Thermal, CA 92274 3 bed 2 bath 1,124 SqFt ($68/SqFt) 0.24 acre lot. Built 1965 Listed 2024-05-09, Taxes $1,542 | ✓ USDA Eligible near Thermal, CA |
INVESTORS
INVESTORS cash offers located in a prime location ideal for developing an Airbnb business, given its proxmity to popular events like Coachella and the Thermal race track. However, the property has suffered a fire incident in the past, resulting in significant damage. The garage has been converted to accommodate this change, but the main property itself requires major renovation and restoration work. Despite the extensive repairs needed, the property is being offered at a extraordinary deal due to its attractive price point. The potential of this property lies in its strategic location near sought-after attractions, making it an appealing option for individuals looking to invest in short-term rental opportunities catering to event attendees and tourists visiting the area.
With the right vision and investment in renovations, this property could be transformed into a profitable Airbnb venture capitalizing on its proximity to popular entertainment venues. While the initial investment may be significant, the potential returns from operating an Airbnb in such a desirable location could make it a worthwhile venture for the right buyer. In summary, this property presents a unique opportunity for investors willing to undertake substantial renovation efforts to capitalize on its advantageous location near Coachella and the Thermal track. The discounted price reflects the condition of the property post-fire but also offers potential for significant returns with proper rehabilitation and utilization as an Airbnb rental.
Presented by Hector Gonzalez at
CENTURY 21 A Better Service Realty.
Property MLS #DW24093700 from CRMLS
Full Bathrooms: 2
Lot Size Acres: 0.2388
Lot Size Source: Assessor
Lot Size Square Feet: 10400
Garage Description: Attached
Parking Total: 2
Map directions Map directionsCounty: Imperial
Directions: From 86 S Expressway, Left on S Marina, Right on N Riviera Cir, Left on Riviera Ct. Property is on the lefthand side.
Source Property Type: Residential
Area: 316 - Thermal
Source Neighborhood: Vista Santa Rosa (31601)
Parcel Number: 015130026000
Subdivision: Vista Santa Rosa (31601)
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $4,728 + $20,497 $25,225 | $1,542 |
| 2022 | $4,636 + $20,096 $24,732 | $1,343 |
| 2021 | $4,546 + $19,702 $24,248 | $1,276 |
| 2020 | $4,590 + $17,850 $22,440 | $1,044 |
| 2019 | $4,500 + $17,500 $22,000 | $993 |
| 2018 | $1,020 + $2,040 $3,060 | $693 |
| 2017 | $35,321 + $23,545 $58,866 | $1,406 |
| 2016 | $34,629 + $23,084 $57,713 | $1,327 |
| 2015 | $44,456 + $5,000 $49,456 | $1,162 |
| 2014 | $44,456 + $5,000 $49,456 | $1,127 |
| 2013 | $44,456 + $5,000 $49,456 | $1,108 |
| 2012 | $44,456 + $5,000 $49,456 | $1,052 |
| 2010 | $44,456 + $5,000 $49,456 | $1,059 |
| 2009 | $31,836 + $21,224 $53,060 | $1,031 |
| 2009 | $31,760 + $21,173 $52,933 | $1,031 |
| 2008 | $31,212 + $20,808 $52,020 | $964 |
| 2007 | $30,600 + $20,400 $51,000 | $924 |
$77,000
CRMLS
Listed 2024-05-09
$79,900
CRMLS
Listing removed 2022-07-10
$0
CRMLS
Listed 2022-05-05
$100,000
CRMLS
Listing removed 2020-08-09
$0
CRMLS
Price Changed 2019-10-29
$25,000
CRMLS
Listed 2019-08-23
$35,000
CRMLS
Sold 2018-09-17
$20,000
SanDiegoMLS
Price Changed 2018-05-29
$20,000
PalmDesert
Price Changed 2018-05-21
$15,999
PalmDesert
Listed 2018-05-09
$19,900
PalmDesert
Year Built: 1965
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front door
Living Area Source: Assessor
Property Age: 59
Property Condition: Fixer
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
Year Built Source: Assessor
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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.