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PENDING

2936 Borrego Springs Rd, Borrego Springs, CA 92004$475,000

1
bed
4
baths
1800
ft2
· 25264
ft2 lot
$264 / ft2

Listing provided courtesy of Kerry Christenson, Coldwell Banker Borrego
Source CRMLS;
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Rare opportunity to own a part of Borrego history. Built in 1949 these are some of the oldest structures in Borrego Springs and was once known as The JoJoBa Motel. Loaded with character this fourplex features adobe brick walls, knotty pine walls, and vaulted wood beam ceilings. Complex contains two standard studio units, one large studio unit, and one 1 bedroom unit. Large 0.58 acre lot with beautiful views. Close to shopping, restaurants, and galleries. Fully occupied with dependable tenants.

HOA

$0/month

On market

1 year

Year built

1949

Property type

Multi-Family

Parking

8

MLS

NDP2200479

Price / Sq.Ft.

$264 / ft2

Status

Pending

Buyer’s Brokerage Commission

2.5%

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Home details for 2936 Borrego Springs Rd

Interior Features & Layout
Interior Size
•   
Building Area Total: 1800.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 8.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: Multi-Family Dwelling
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Lot Size Source: Public Records, Public Records
•   
Lot Size Acres: 0.5800
•   
Lot Size Dimensions: 99x253x96x252
•   
Lot Size Area: 0.5800
•   
Lot Size Units: Acres
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Common Walls: 2+ Common Walls, No One Above, No One Below
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
Assesments Information
•   
Assessments: Buyer to Verify, Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1800.00
•   
Cap Rate: 6.67
•   
Total Actual Rent: 2075.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 1200.00
•   
New Taxes Expense: 2459.00
•   
Insurance Expense: 1200.00
•   
Total Expenses: 8594.00
•   
Gross Scheduled Income: 24900.00
•   
Operating Expense: 3735.00
Tax/Assessment Info
•   
Gross Income: 16306.00
Lease Info
•   
Net Operating Income: 21165.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 500.00
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 500.00
Unit 3 Information
•   
Unit 3 Actual Rent: 600.00
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 600.00
Multi Unit Information
•   
Number Wall Ac: 2
•   
Number With Refrigerator: 4
•   
# Of Units: 4
•   
Number Of Units Leased: 4
•   
Number With Disposal: 4
•   
Number With Range: 4
•   
Price Per Unit: 118750
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 475.00
•   
Unit 1 Total Rent: 475.00
Unit 4 Information
•   
Unit 4 Actual Rent: 500.00
•   
Unit 4 Total Rent: 500.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
School Neighborhood & Directions
Location
•   
Community Features: Rural
School Info
•   
Directions: Palm Canyon to Borrego Springs Rd
Virtual Tour Link
Virtual Tour
Other
Calculation
•   
Dom: 285

Neighborhood snapshot

19
Properties for sale
18.5
Median days on market
$200.38
Median sold price/sqft
96.34%
Sold/List %
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Property History for 2936 Borrego Springs Rd

10/29/2022
10/29/2022
CRMLS #NDP2200479
pending
CRMLS #NDP2200479
$475,000
01/17/2022
01/17/2022
CRMLS #NDP2200479
active
CRMLS #NDP2200479
$475,000

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