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83805 Avenida La Luna, Coachella, California 92236, Coachella, 92236 - 6 bed, 3 bath

83805 Avenida La Luna, Coachella, California 92236 home-pic-0
ACTIVE$850,000
83805 Avenida La Luna, Coachella, California 92236
6Beds
3Baths
2,976Sqft
6,970Lot
Year Built
2006
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$286
HOA
-
Days on market
-
Sold On
-
MLS number
219130261DA
Home ConditionGood
Features
Pool
Spa
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(96th), sqft - 2976(92th), beds - 6(94th), baths - 3(59th).

**Welcome to La Morada** Discover this no HOA community in Coachella, highly sought after for the Coachella and Stagecoach music festivals, along with numerous golf, tennis, sports, and art events!This spacious property offers 2,976 square feet and features six bedrooms and three full bathrooms. Enjoy two living areas: a family room and a billiard room. The kitchen boasts granite countertops and an ample dining area, along with a separate formal dining room. The sixth bedroom is conveniently located on the first floor with a full bath.Step outside to a stunning backyard featuring a brand new $80,000 swimming pool and spa with a slide, fully landscaped for your enjoyment, alongside a custom built-in BBQ island. Additional highlights include a three-car tandem garage with an epoxy floor finish, custom storage, and a converted game room stocked with the latest and retro games, as well as gym equipment. The property also provides impressive wide double-gate RV access and extra parking.Short-term rentals are permitted, and it's located within the Lower IID utility district. Make this your ideal vacation rental today!

Nearby schools

3/10
Westside Elementary School
Public,•K-6•3.6mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•1.8mi
3/10
Coachella Valley High School
Public,•9-12•3.2mi
Condition Rating
Good
The property was built in 2006, placing it within the 10-20 year age range for a 'Good' rating. While the exterior boasts a brand new $80,000 swimming pool and spa, and the overall property appears well-maintained, the interior, particularly the kitchen and bathrooms, show signs of being functional but not recently updated. The kitchen features granite countertops and light wood cabinets with black appliances, which are typical of its build era and not a modern aesthetic. Bathrooms also have standard light wood vanities and white countertops. Some light fixtures, like the leaf-bladed ceiling fans, are dated. The flooring is a mix of tile and carpet/LVP, which is clean but not a recent high-end upgrade. The property is move-in ready with no immediate renovation required, but the interior finishes are not extensively renovated within the last 5-15 years, aligning with the 'Good' criteria.
Pros & Cons

Pros

High Income Potential: The property is explicitly permitted for short-term rentals and is ideally located near the Coachella and Stagecoach music festivals, golf, tennis, and art events, making it highly attractive for investors seeking vacation rental income.
Extensive Outdoor Amenities: The backyard features a brand new $80,000 swimming pool and spa with a slide, fully landscaped, and a custom built-in BBQ island, providing a luxurious and entertaining outdoor living space.
Spacious & Versatile Layout: With 2,976 square feet, six bedrooms, three full bathrooms, two living areas (family room and billiard room), and a convenient first-floor bedroom with a full bath, the property offers ample space and flexibility for large families or multiple guests.
Financial Benefits: The property is located in a desirable 'no HOA' community, eliminating recurring fees, and is within the Lower IID utility district, which typically offers lower utility costs, enhancing profitability for a rental or reducing ownership expenses.
Enhanced Parking & Recreation: Features include a three-car tandem garage with an epoxy floor finish, custom storage, a converted game room with gym equipment, and wide double-gate RV access with extra parking, catering to recreational vehicles and diverse entertainment needs.

Cons

Significant Overpricing: The current list price of $850,000 is substantially higher than the estimated property value of $655,100.77 and exceeds recent sales of comparable 6-bedroom properties in the immediate vicinity, suggesting a potential overvaluation in the current market.
Potential for Dated Interior Finishes: While the kitchen boasts granite countertops, the property was built in 2006 and the description does not detail comprehensive interior renovations (e.g., updated flooring, modern bathroom remodels) beyond the new pool, which could mean other areas may appear dated compared to more recently updated competitors.
Lack of Detailed Interior Modernization: Compared to several recently sold comparables that highlight 'reimagined,' 'updated flooring,' 'designer finishes,' or 'smart home technology,' the subject property's description provides less detail on the extent of interior modernization, potentially requiring further investment to compete with newer or fully renovated homes.

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