$720,000
●
House -
Off Market
54640 Riviera
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
3,370 Ft²
$1,071,079
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
A rare opportunity to own this Gallery II home with majestic
panoramic views of the Santa Rosa Mountains while overlooking the
Palmer Private 13th fairway and the lake that hosts Canada Geese, a
variety of fish, fowl and Coachella Valley's beloved Big Horn
Sheep. This three bedroom home offers vaulted beamed
ceilings, floor to ceiling beveled mirror walls and floor to
ceiling windows that reflect the outdoor light bringing the beauty
of the outdoors landscape inside. The recent upgrades create
a highly functional kitchen that includes Quartz countertops,
Subway tile backsplash, all Kitchen Aid stainless appliances, a
Kitchen Aid Architect II series induction five unit stove top, a
Kohler stainless workspace sink with graduated ledges for ease in
operating the accessories that include a bamboo cutting
board, multi grated racks, a colander and wash bin, and includes a
center aisle butcher block island prep area with sink, disposal and
built in electric outlets for maximum efficiency in prepping and
performing culinary tasks.
Unit Size
3,370 Ft²
Days on Market
85 days
Land Size
0.21 acres
Price per sqft
$222
Property Type
House
Property Taxes
-
HOA Dues
$819
Year Built
1990
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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 #219035287DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2020 | Sold | ||
| Sold | |||
| Dec 19, 2019 | Listed by California Lifestyle Realty | $749,000 | |
| Listed by California Lifestyle Realty | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About PGA West
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sal Puglisi, California Lifestyle Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219035287DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219035287DA
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