42995 Park Place

Palm Desert, CA 92260

$1,999,000
Price
10
Beds
8
Baths
3,986 Sq. Ft.
$502 / Sq. Ft.
3,986
Sq. Ft.
$502
per Sq. Ft.

Description

In the heart of palm desert this property is great for a investors portfolio. Four units, 2 are 3 bedroom and 2 are 2 bedroom two baths each unit. Recently upgraded. Pool, spa and yard maintained by association. Newer roof and a/c units. Only one unit rented! 3 units are vacant to get high market rents for new owner. Please call for more rental information. Possible owner financing available. Seller will participate in 1031 exchange. 8 covered parking and 2 uncovered. Street parking also available...In the heart of palm desert this property is great for a investors portfolio. Four units, 2 are 3 bedroom and 2 are 2 bedroom two baths each unit. Recently upgraded. Pool, spa and yard maintained by association. Newer roof and a/c units. Only one unit rented! 3 units are vacant to get high market rents for new owner. Please call for more rental information. Possible owner financing available. Seller will participate in 1031 exchange. 8 covered parking and 2 uncovered. Street parking also available for guests.
  1. Listed by Scot Hermesch • DRE #01181010 • Brokerage DRE #01853065 • Ramsey Realty
  2. Listed by Carol Ramsey • DRE #01853065 • Brokerage DRE #01853065 • Ramsey Realty

Property Details for 42995 Park Place

Parcel Number
624330001
Total Units
4.0
Living Area
3986
Source Living Area
Assessor
Area
Palm Desert North (322)
Vacancy Rate
3
Lot Size Area
15246
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 12/23/2024 08:01 AM

Property Details for 42995 Park Place

StatusActive
MLS #24-452061
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.35 AC / 15,246 SF
CountyRiverside County

Building Information for 42995 Park Place

Stories1Residences-Year Built1989Building Size-Lot Size0.35 AC / 15,246 SF

Property Information for 42995 Park Place

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Pets Allowed: Assoc Pet Rules
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: other
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $31,200
  • Net Operating Income: $31,200.00
  • Gross Income: $31,200
  • Gross Rent Multiplier: $31,200.00
  • Actual Annual Gross Rent: $31,200.00
  • Actual Gross Annual Income: $31,200
  • Actual Rent Total: $31,200.00
  • Total Annual Expense: 0.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.35
  • Lot Size Square Feet: 15246
Parking Details
Parking Details
  • Parking Garage: Attached
  • Total Parking: 0
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning, Ceiling Fan
  • Heating: Central, Natural Gas, Forced Air
  • Heating Type: Central, Natural Gas, Forced Air
  • Equipment: Dishwasher
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-15-2024
  • Listing Terms: Cash, Cash To New Loan
Unit Details
Unit 1 Information
  • Unit Beds: 10
  • Unit Baths: 8
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $31,200.00
  • Unit Projected Rent: $163,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,331,712.00
  • Assessed Improvement Percent: 80.0
  • Assessed Land Value: $332,928.00
  • Assessed Land Percent: 20
  • Assessed Total Value: $1,664,640.00

Property History for 42995 Park Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 42995 Park Place

Taxable ValueLand$332,928Additions$1,331,712Total$1,664,640
Tax Record2024$22,122 ($1,843 / month)
Home Facts
Total Finished SqFt3,868 SqFtAbove Grade Finished SqFt3,868 SqFtStories1Lot Size15,245 SqFtStyleQuadraplexYear Built1989ZoningCPSCountyRIVERSIDEAPN624-330-001

Schools near 42995 Park Place

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Abraham Lincoln Elementary School
PublicK to 5

Colonel Mitchell Paige Middle School
Public6 to 8

Palm Desert High School
Public9 to 12

Palm Desert Charter Middle School
Charter6 to 8

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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42995 Park Place is a multi-family home for sale in Palm Desert, CA 92260. This property was listed for sale on October 15, 2024 by Ramsey Realty, it's currently listed at $1,999,000. It has been on the market for a total of 69 days and was last sold on April 13, 2022. This listing's school district is Desert Sands Unified School District. Nearby schools include Abraham Lincoln Elementary School, Colonel Mitchell Paige Middle School and Palm Desert High School. 42995 Park Place is a 10-bed, 8-bath, 3,986 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ramsey Realty, Scot Hermesch, DRE #01181010; Ramsey Realty, Carol Ramsey, DRE #01853065

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.