44700 San Jacinto Avenue
Description
find the prestigious “El Paseo Shopping District,” known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio...44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5-minute walk you will
find the prestigious “El Paseo Shopping District,” known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible. The current ownership has immaculately maintained the property with several interior and exterior renovations completed over the years. Improvements include, a fully renovated pool area with BBQ’s, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quarts countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. Built in 1988 to condo specs, the property consists of a collection of seven spacious 2-bedroom 2-bath apartment homes averaging roughly 1,000 square feet each with dual master suites, washer and dryer hookups, and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer-term tenants and has produced solid income. This is a well located, excellent turn-key investment property for any type of investor or a 1031 Exchange opportunity.
- Listed by Ignacio Diaz Jr. • DRE #01379930 • Brokerage DRE #01887671 • Investment Capital Real Estate • id@investmentcapitalre.com
Property Details for 44700 San Jacinto Avenue
Property Details for 44700 San Jacinto Avenue
| Status | Active |
|---|---|
| MLS # | NP24158212 |
| Days on Market | 47 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1988 |
| County | Riverside County |
Building Information for 44700 San Jacinto Avenue
Property Information for 44700 San Jacinto Avenue
- Gross Income: $172,200
- Gross Scheduled Income: $172,200
- Net Operating Income: $113,518
- Operating Expense: $55,238
- Gardener Expense: $4,620
- Fuel Expense: $626
- Pool Expense: $6,400
- Electric Expense: $2,799
- Insurance Expense: $4,725
- Professional Management Expense: $0
- Trash Expense: $2,841
- Water Sewer Expense: $1,411
- Total Expenses: $55,238
- Tax Block: 3
- Tax Tract Number: 167
- Tax Census Tract: 451.27
- CFD/Mello-Roos Fee: $285
- Tax Lot: 3
- Assessments YN: Yes
- Assessments: Special Assessments
- Community Features: Curbs, Sidewalks, Storm Drains, Suburban
- Laundry: Yes
- Laundry Features: Inside
- Heating Type: Central
- Heating: Central
- Virtual Tour URL Branded: https://www.investmentcapitalre.com/listings/
- Entry Location: Driveway
- Pool Features: Private, Fenced, In Ground
- Pool Description: Fenced, In Ground, Private
- Pool: Below Ground, Private
- Lot Features: Corner Lot, Landscaped
- Number Of Units: 7
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 14
- Parking Garage Spaces: 14
- Carport Spaces: 0
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Unit Type Units Total: 7
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 14
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,050
- Unit Type Total Rent: $14,350
- Unit Type Pro Forma: 189000
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 1
Property History for 44700 San Jacinto Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 44700 San Jacinto Avenue
Schools near 44700 San Jacinto Avenue
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 | ||
La Quinta 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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Listing Courtesy of Investment Capital Real Estate, Ignacio Diaz Jr., DRE #01379930
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.