$480,000
●
Condo -
Off Market
55044 Oak Tree
La Quinta, CA 92253
2 Beds
4 Baths,
1
Half Bath
1,627 Ft²
$3,134
Est. Monthly
$703
HOA / Fees
7.99%
Cap Rate
About This Property
Champion 3 plan on the 11th fairway of the world famous PGA West
Stadium Course. Great remodel opportunity.
Unit Size
1,627 Ft²
Days on Market
9 days
Land Size
0.04 acres
Price per sqft
$304
Property Type
Condo
Property Taxes
-
HOA Dues
$703
Year Built
1985
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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 #219110714DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by Compass | $495,000 | |
| Listed by Compass | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Levels: One
Interior Features: Atrium
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Has Fireplace
Gas Starter, Living Room
Exterior Details
Year Built: 1985
Parcel Number: 775231008
Home Type: Residential
Private Pool
Pool Features: Community, In Ground
Lot Information: Planned Unit Development, Sprinkler System
Lot Size Source: Assessor
Lot Size Acres: 0.04
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
Association Amenities: Pet Restrictions
Association Fee: $703
Association Fee Frequency: Monthly
Community Features: Gated, Pool
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: PGA Stadium
Subdivision Name: PGA Stadium
Directions: Stadium Gate Cross Street: PGA Blvd.
Other Details
Listing Terms: Cash, CashToNewLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/12/2024
| |
2 Bed
|
4 Bath
|
1627 ft²
|
$495,000
2 Bed
4 Bath
1627 ft²
|
$480,000
-3.03%
05/08/2024
|
Sandi Phillips and Asso...
Compass
|
Building Info
About PGA West
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Listed by: Sandi Phillips and Asso..., Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110714DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110714DA
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