Attention, savvy investors and 1031 exchange enthusiasts! Welcome to 243 Avenida Ortega, a prime investment opportunity in the heart of South Palm Springs. This fourplex offers a rare chance to capitalize on the Palm Springs market while enjoying the beauty of the desert.Nestled against the backdrop of majestic mountains, this property boasts breathtaking mountain views that will leave you in awe. Each unit has been thoughtfully updated to provide a harmonious blend of comfort and style, making it an attractive prospect for investors looking to generate rental income.The location couldn't be more ideal for investors seeking to diversify their portfolio or execute a 1031 exchange. You'll find yourself just moments away from Palm Springs' renowned dining, shopping, and entertainment options.Don't miss this golden opportunity to own a piece of Palm Springs paradise and achieve your investment goals. Contact us today to schedule a viewing and explore the potential this unique fourplex offers
Sold for $1,035,000
Street View
Listed by: Coldwell Banker Realty • Kayla Toohey • Contact: 760-774-4990
Bought with: Century 21 Realty Masters
Tax assessed value
$1,035,000
243 Avenida Ortega, Palm Springs, CA 92264
--beds
--baths
--sqft
Multi Family
Built in 1952
-- sqft lot
$1,096,400 Zestimate®
$--/sqft
$2,340 Estimated rent
Home value
$1,096,400
$976,000 - $1.25M
$2,340/mo
Zestimate® history
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$2,340/mo
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$6,631/mo
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$6,631/mo
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Zillow last checked:
Listing updated:
Listed by:
Kayla Toohey DRE #02103671 760-774-4990,
Coldwell Banker Realty,
James Bianco DRE #01954998 760-808-0650,
Coldwell Banker Realty
Bought with:
Sandra Trevino, DRE #01867744
Century 21 Realty Masters
Source: CRMLS,MLS#: 219114445PS
Originating MLS: California Desert AOR & Palm Springs AOR
Originating MLS: California Desert AOR & Palm Springs AORFacts & features
Interior
Rooms
- Room types: Sound Studio
Heating
- Has Heating (Unspecified Type)
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Tile, Wood
- Has fireplace: No
Property
Parking
- Total spaces: 5
- Parking features: Assigned
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 6,970 Square Feet
Details
- Parcel number: 508346003
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1952
Community & HOA
Community
- Security: Key Card Entry
- Subdivision: Tahquitz River Estat
Location
- Region: Palm Springs
Financial & listing details
- Tax assessed value: $1,035,000
- Annual tax amount: $13,237
- Date on market: 7/22/2024
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Exclusions: Patio Furniture and Seller personal belongings in storage shed
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2024 | Sold | $1,035,000-5.9% |
Source:  CRMLS #219114445PS Report a problem | ||
| 8/21/2024 | Pending sale | $1,100,000 |
Source:  Greater Palm Springs Realtors #219114445 Report a problem | ||
| 7/27/2024 | Contingent | $1,100,000 |
Source: Greater Palm Springs Realtors #219114445 Report a problem | ||
| 7/23/2024 | Listed for sale | $1,100,000 |
Source: Greater Palm Springs Realtors #219114445 Report a problem | ||
| 7/21/2024 | Listing removed | -- |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 6/5/2024 | Price change | $1,100,000-4.3% |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 5/13/2024 | Price change | $1,150,000-3.4% |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 5/3/2024 | Price change | $1,190,000-4.8% |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 4/18/2024 | Price change | $1,250,000-3.5% |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 4/6/2024 | Listed for sale | $1,295,000-4.1% |
Source: Greater Palm Springs Realtors #219109615 Report a problem | ||
| 3/19/2024 | Listing removed | -- |
Source:  CDAR/ Desert Area MLS #219101032 Report a problem | ||
| 1/1/2024 | Price change | $1,350,000-6.3% |
Source: CDAR/ Desert Area MLS #219101032 Report a problem | ||
| 11/9/2023 | Price change | $1,440,000-0.7% |
Source: CDAR/ Desert Area MLS #219101032 Report a problem | ||
| 10/25/2023 | Listed for sale | $1,450,000+291.9% |
Source: CDAR/ Desert Area MLS #219101032 Report a problem | ||
| 9/16/2014 | Sold | $370,000-2.5% |
Source: CDAR/ Desert Area MLS #214082984 Report a problem | ||
| 2/27/2004 | Sold | $379,500+104% |
Source: Public Record Report a problem | ||
| 3/21/2000 | Sold | $186,000+75.5% |
Source: Public Record Report a problem | ||
| 4/20/1999 | Sold | $106,000+21100% |
Source: Public Record Report a problem | ||
| 2/18/1999 | Sold | $500-99.6% |
Source: Public Record Report a problem | ||
| 10/20/1998 | Sold | $131,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,237 +102.8% | $1,035,000 +137.5% |
| 2024 | $6,528 -1.6% | $435,838 +2% |
| 2023 | $6,631 -0.1% | $427,293 +2% |
| 2022 | $6,638 +1.7% | $418,916 +2% |
| 2021 | $6,526 +3.9% | $410,703 +1% |
| 2020 | $6,281 +1.5% | $406,493 +2% |
| 2019 | $6,190 +1.6% | $398,523 +2% |
| 2018 | $6,094 +1.2% | $390,710 +2% |
| 2017 | $6,019 | $383,050 +2% |
| 2016 | $6,019 +7.9% | $375,540 +1.5% |
| 2015 | $5,578 +5.9% | $369,900 +5.7% |
| 2014 | $5,267 | $350,000 |
| 2013 | -- | $350,000 |
| 2012 | -- | $350,000 +40% |
| 2011 | -- | $250,000 |
| 2010 | -- | $250,000 -40.3% |
| 2009 | -- | $418,995 +2% |
| 2008 | -- | $410,780 +2% |
| 2007 | -- | $402,726 +2% |
| 2006 | -- | $394,831 +2% |
| 2005 | -- | $387,090 +96.1% |
| 2003 | -- | $197,383 +2% |
| 2002 | -- | $193,514 +2% |
| 2001 | $2,534 +33.6% | $189,720 +41.4% |
| 2000 | $1,897 | $134,130 |
Find assessor info on the county website
Neighborhood: Tahquitz River Estates
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Nearby schools
GreatSchools rating
- 3/10Cahuilla Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Raymond Cree Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10Palm Springs High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,096,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,096,400
- California
- Riverside County
- Palm Springs
- 92264
- Tahquitz River Estates
- 243 Avenida Ortega
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