Listed by: Gail Gallaudet, HK Lane Real Estate
$1,500,000
●
House -
Off Market
78800 Lima
La Quinta, CA 92253
4 Beds
5 Baths,
1
Half Bath
3,917 Ft²
$2,302,596
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model
About This Property
A one of a kind, custom home, so perfectly and exquisitely upgraded
and designed that the opportunity to purchase such a home is equal
to almost never! The home was designed by Peter Ministrelli. The
lot is large and private with panoramic south, west, & north facing
views. The salt-water pool/spa sits on a large stone patio from
which to enjoy the gorgeous views. As you enter the home the newer
flooring which has been upgraded with Italian porcelain (wood look)
tiles & is throughout the home immediately stands out, as does the
gorgeous stacked stone fireplace. The cook's kitchen has newer
quartz countertops, a stone backsplash, & refinished cabinets. In
addition, a lovely view from the kitchen includes an outdoor water
feature with a sitting area. The master bedroom has been totally
remodeled, as has that bathroom. All the guest bathrooms have been
remodeled with quartz countertops, new cabinet fronts, & high end
hardware. The detached casita allows privacy for the guests, who
unfortunately will not want to leave. The home is being offered
furnished per inventory list.
Unit Size
3,917 Ft²
Days on Market
113 days
Land Size
0.33 acres
Price per sqft
$407
Property Type
House
Property Taxes
-
HOA Dues
$370
Year Built
2001
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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 #219032920DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2020 | Sold | ||
| Sold | |||
| Nov 1, 2019 | Listed by HK Lane Real Estate | $1,595,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Garage
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 Citrus Club
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Listed by: Gail Gallaudet, HK Lane Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219032920DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219032920DA
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