71641 Indian Trail, Rancho Mirage, CA 92270
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71641 Indian Trail Rancho Mirage, CA 92270

$1,625,000
  • 8 Beds
  • 7 Baths
  • 3,186 Sq.Ft.
For Sale
$1,625,000 Get Pre-Qualified

Map preview of 71641 Indian Trail, Rancho Mirage, CA 92270

Property Overview: 71641 Indian Trail Rancho Mirage, CA has 8 bedrooms, 7 bathrooms, 3,186 living square feet and 18,731 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Contact for more information and to schedule a showing 949-996-7096. Situated less than one mile away from Disney's expansive luxury resort residential development, Contino, 71641 Indian Trail enjoys a strategic location in the most exclusive zip code of the Coachella Valley. This property offers a gated pool and a private laundry facility for added convenience. This multifamily property offers a combination of historic charm and modern convenience. With 7 units, including 4 studios, 2 one-bedroom and 1 two-bedroom floor plan, this property appeals to an a diverse tenant demographic. The property is currently 100% occupied, reflecting a strong rental market and providing tenants with a comfortable and desirable oasis living space. This property offers a gated pool and a private laundry facility for added convenience. Contact for more information and to schedule a showing 949-996-7096

Listed by Dimitre Petrov | BRE #02071423 | CRI
Last checked: 4 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 44
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Home details

Lot Sq. Ft
18,731
HOA Dues
$0/mo
Year built
1952
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24030074
City
Rancho Mirage
County
Riverside
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,411
  • Total Rent: $5,642
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,541
  • Total Rent: $3,081
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $125,364
  • Net Operating Income: $72,891
  • Gross Operating Income: --
  • Laundry Income: $1,553
Annual Expense Breakdown
  • Total Operating Expense: $50,230
  • Electric: $12,081
  • Gas/Fuel: $1,424
  • New Taxes: $18,391
  • Trash: $2,088
  • Insurance: $4,561
  • Professional Management: $4,925
  • Water/Sewer: $1,529

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Property Details for 71641 Indian Trail

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private, Fenced
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Landscaped, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 684240004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: Head south on Hwy 111 from Palm Springs, Turn left on indian trail. Property is southside of Indian Trail.
Neighborhood Information
  • Community Features: Dog Park, Foothills, Golf, Hiking, Park, Mountainous, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

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Sale History for 71641 Indian Trail

Last sold for $1,211,000 on July 3rd, 2021
  • February, 2024

  • Feb 12, 2024

    Date

    Active

    CRMLS: OC24030074

    $1,700,000

    Price

  • July, 2021

  • Jul 6, 2021

    Date

    Sold

    CRMLS: 219056903DA

    $1,211,000

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: 219056903DA

    $1,285,000

    Price

  • Feb 6, 2021

    Date

    Active

    CRMLS: 219056903DA

    $1,285,000

    Price

  • Listing provided courtesy of CRMLS

    Distinguished, Stylish, and Luxurious. This contemporary, 7 unit, apartment features 4 studios and 3 one-bedroom units. This polished rarity is located minutes away from The River, in the heart of upscale Rancho Mirage. Landscaped with beauty and prestige, the perfect balance of modern and earthy, simply extravagant. This long term investment will be the jewel and sparkle of your portfolio!Watch your money grow with this investment property! Submit your offers, this jaw-dropping, money-making, property will not be on the market long.For all property questions (condition, tenancy, and history) call Kitty(Property Manager): 760-218-0922, for questions regarding the sale call Leonard: 760-578-8480.

  • December, 2012

  • Dec 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • May, 2010

  • May 19, 2010

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

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Tax History for 71641 Indian Trail

Assessed Value (2020): $619,282
Year Land Value Improved Value Assessed Value
2020 $225,192 $394,090 $619,282

Home Value Compared to the Market

This property vs the competition

71641 Indian Trail is listed 65.99% higher than the median list price for the city of Rancho Mirage which has a median list price of $979,000. The median price per/sqft for Rancho Mirage is $417 and this home is listed at $510.04 per/sqft which puts the price per square foot 22.31% higher than the median price per square foot for the city of Rancho Mirage.

About 71641 Indian Trail

Detailed summary of property

71641 Indian Trail is a apartment located in Rancho Mirage, CA 92270 and is currently for sale. This apartment offers 8 bedrooms, 7 bathrooms, roughly 3,186 living square feet, and sits on an approximately 18,731 square foot lot. 71641 Indian Trail was first listed on ArdentRealEstateGroup.com on February 12, 2024. The homeowner is currently asking $1,625,000 and was originally asking $1,700,000. The median priced home in Rancho Mirage is $979,000 with a median price per square foot of $417. Based on Ardent Real Estate Group's Rancho Mirage Market Data, this home is listed 65.99% higher than the median priced home. Local competing homes currently for sale include 884 N Cota St, 8795 Lomita Dr and 8750 Lomita Dr. While the average home in Rancho Mirage, CA is selling in 81 days, 71641 Indian Trail has a days on market of 44 days. There are currently 395 homes for sale in the Rancho Mirage real estate market and 268 of them are single family homes while 127 of them are condos and 0 are townhomes. For more information on this home for sale at 71641 Indian Trail Rancho Mirage, CA 92270 contact Ardent Real Estate Group and we will put you in touch with one of our Rancho Mirage agents.

Public Facts for 71641 Indian Trail

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
18,730
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
684-240-004

The source for these homes facts are from public records.

92270 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$978,000
Median List Price/Sq.Ft.
$417
Median Sold Price
$905,000
Median Sold Price/Sq.Ft.
$383
Total Inventory
394
Median Sale to List Price %
93.49%
Avg Days on Market
64
Loan Type
Conventional (22.22%), FHA (1.59%), VA (0%), Cash (50.79%), Other (12.7%)

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Related Resources to 71641 Indian Trail

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.