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Sold on 12/04/2002
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45998 Ocotillo, Palm Desert, CA 92260

$602,267

Last sold 12/04/2002 for $685K

  • 10

    bed

  • 8

    bath

  • 6,020

    Sqft ($114/Sqft)

Multi-family not for sale
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About 45998 Ocotillo

Property type Multi-family
Neighborhood
Year built 1954
HOA fee $0/month
Lot size 0.47 Acre
Movoto estimate
Property description
ACCEPTING BACK UP OFFERS EIGHT UNIT MID-CENTURY MODERN EL PASEO APARTMENTS EXCITING LAYOUT DESIGN OF STAGGERED SLANTBACK UNIT ROOFS ALLOW FOR WEST FACING MOUNTAIN VIEWS FROM ALL UNITS AND PATIOS. ALL UNITS HAVE INDIVIDUAL ELECTRIC & GAS METERS & CABLE. THERE ARE 2 - TWO BDRM APTS, ONE W/DEN. THERE ARE 6 - ONE BDRM APTS. WITH A LITTLE TLC, THIS WOULD BE AN EL PASEO ADDRESS. NO DEFERRED MAINT, RECENT YEARS HAVE SEEN POOL REDO, REPLACEMENT OF ACs, CARPETS, BLINDS,ETC. JUST ONE SHORT BLOCK AWAY FROM EL PASEO.WALK TO THE MALL....AND DINNER OR DANCE, OR MOVIES AT THE RIVER. THESE ATTRACTIONS OF COURSE PROVIDE YEAR 'ROUND SERVICE,MANAGERIAL & SHOP OWNERS RENTAL BASE. THE CAP RATE IS 7.2%,HOWEVER, THE APARTMENT RENTs ARE 20-40% UNDER MKT.
Listed by
Listing Agent - Mike Loza
Listing Office - Mike Loza & Associates
Source: California Desert Association of REALTORS® mls logo
MLS#41133006 • last updated 4 months ago
Movoto checked California Desert Association of REALTORS® for data 4 minutes ago
Overview
Levels/Style One
MLS # 41133006
SqFt 6020
Status Closed
Lot Size (Acres) 0.47
Lot Size (Sqft) 20473.2
Year Built 1954
Condition Repair Cosmetic
Interior
Total # of Bathrooms 8
# Bedrooms 10
Flooring Carpet, Ceramic Tile
Interior Features Built-In Features, Cathedral Ceiling(s)
Exterior
# of Parking Spaces 10
Amenities / Utilities
Sewer/ Septic In, Connected And Paid
Pool Heated
Location
View Mountain(s), Panoramic
County Riverside
Subdivision Not Applicable
APN 628082004
Multifamily Details
Total # of Units 8
$602K
Range: $542K-$662K
Last 30 days 
  • Feb 2003
    mls logo MLS # 41133006
  • Feb 4, 2003 Sold
    $685,000
  • Apr 27, 2002 Listed
    $725,000
  • Jan 2003
    Public Records
  • Jan 31, 2003 Sold
    $685,000 (-5.5%)
  • Year Property taxes Tax assessment
  • 2024
    $15,172 +3.2%
    $974,700 +4.1%
  • 2023
    $14,697 +3.2%
    $936,329
  • 2022
    $14,243 +2.9%
    $936,329 +4.54%
  • 2021
    $13,840 +1.6%
    $895,658
  • 2020
    $13,625
    $895,658
  • 45998 Ocotillo
    $685K
  • South Palm Desert
    $799K -16% y/y
  • 92260
    $579K -2% y/y
  • Palm Desert
    $529K -3% y/y
No chart available
Statistics calculated by Movoto

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3/10
La Quinta Middle School
public Grades 6-8
Desert Sands Unified School District
9/10
Palm Desert High School
public Grades 9-12
Desert Sands Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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