Listed by: Marty Butler, Berkshire Hathaway HomeServices California Properties
$500,000
●
House -
Off Market
44155 Ocotillo Drive
La Quinta, CA 92253
4 Beds
3 Baths,
1
Half Bath
2,344 Ft²
$719,619
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Welcome to Rancho Ocotillo! We are accepting back up offers! The
home features 4 bedrooms and 2.5 baths, formal livingroom and
diningroom, 2344 Sq.Ft. and a large lot 12,197 Sq.Ft. on a quiet
interior cul-de-sac. There is a 3 car garage with storage and
a sparkling pool and spa. Nice family community within the
Desert Sands Sch Dist. which has top rated schools nearby. The
location is close to restaurants, shopping, Indian Wells Tennis
Garden and entertainment. Home improvements include granite
in kitchen and guest bath and stainless steel appliances.
Newer carpet in all livingroom and all bedrooms, bathrooms
have newer toilets and new plumbing fixtures. The house has
been owned by original owner who lived in the home on a part time
basis during the winter and spring months only so the home is very
lightly used. This is a must see!
Unit Size
2,344 Ft²
Days on Market
101 days
Land Size
0.28 acres
Price per sqft
$221
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (CRMLS #219041502DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Apr 3, 2020 | Listed by Berkshire Hathaway HomeServices California Properties | $519,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
Property Highlights
Air Conditioning
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About La Quinta
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Listed by: Marty Butler, Berkshire Hathaway HomeServices California Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219041502DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219041502DA
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