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Leased property investment. Long term tenant paying $2,950 per month. Cap Rate is 4.6%. Great value in premier community of Laguna De La Paz in La Quinta! Large single level detached home ready for move in. New paint! Open and airy layout. 2 fireplaces. One of largest floorpans in community. Wood shutters throughout. Large wrap around private patio with pavers and mature landscaping. Community offers 5 acre lake with scenic walking path and paddle boats, alongside 15 pools, 16 spas, a well-appointed fitness room and tennis and pickleball courts - all crowned by an inviting clubhouse. Gated entrance with staff 24/7. HOA maintains all the amenities, the common area, front yard, roofs, exterior walls and 24 hour security. This neighborhood is the place to be if you are looking for a welcoming, friendly, active neighborhood. Sit on your patio and enjoy privacy and desert views. This floorpan is the perfect place for you to relax and call home. Close to shopping, dining, golf courses and restaurants. Recent upgrades: New hot water tank. New Refrigerator. Roof 2 years old. Exterior paint 3 years old. A/C condenser 4 years old. Lease expires in mid 2026.
| DAYS ON MARKET | 176 | LAST UPDATED | 5/4/2025 |
|---|---|---|---|
| TRACT | Laguna De La Paz (31324) | YEAR BUILT | 1984 |
| COMMUNITY | 313 - La Quinta South of HWY 111 | GARAGE SPACES | 2.0 |
| COUNTY | Riverside | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Apr 18, '25 | $495,000 |
|---|---|
| Apr 18, '25 - Today | $470,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer |
| AREA | 313 - La Quinta South of HWY 111 |
| CONSTRUCTION | Stucco |
| EXTERIOR | Dock |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Central |
| HOA DUES | 730|Monthly |
| INTERIOR | Breakfast Bar, Ceiling Fan(s), Granite Counters |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Back Yard, Level |
| PARKING | Attached, Concrete |
| POOL DESCRIPTION | Association |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Spanish |
| SUBDIVISION | Laguna De La Paz (31324) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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