NOT LISTED FOR SALE

1111 Apple Ave Wrightwood, CA 92397

12 Beds
6 Baths
6,602 Sq Ft
0.42 Acres

Last Sold November 09, 2021

Last sale price $925,000 $140 Per Sq Ft

17 Days on Market

Highlights

  • View of Trees or Woods
  • Dual Staircase
  • Mountainous Community
  • 0.42 Acre Lot
  • Laundry Room
  • 6 Car Garage

About This Home

As of November 2021

This Beautiful 6-unit Apartment (Each unit is 2 Bed+1 bath+1 attached garage) is in the beautiful mountain resort area community with ample pine trees and is located very near to Mt. High Ski Resort Area. The building size is 6,602sq ft. and the lot size is 18,489 sq ft. Within one or two blocks, there is Wrightwood Elementary School, a Shopping area with many cozy restaurants/Cafes, and HWY 2. The Mt. High Ski Resort area is away Just 4-5 miles from this property. The existing tenants are paying monthly rent on time without any delay and are very nice tenants for a long time. The new buyer may use one unit for his/her second home for enjoying fresh and clean air & circumstances. This village is located around 10 minutes driving from FWY 15, and one hour 15 minutes driving from the Los Angeles downtown area.

Last Agent to Sell the Property

Jason Hong

Team Spirit Realty License #00863293 Listed on: 08/13/2021

Last Buyer's Agent

Gabriel Chipe

LEOLA Commercial , Inc. License #02056431

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.42 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Woods
  • Mountain
  • Hills

Home Design

  • Property Attached

Interior Spaces

  • 6,602 Sq Ft Home
  • Dual Staircase
  • Gas Fireplace
  • Living Room with Fireplace
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 173
  • Tax Tract Number 2999
  • Assessor Parcel Number 0355113070000
  • $845 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Mountainous Community

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $240
  • Insurance Expense $11,885
  • Trash Expense $200
  • Water Sewer Expense $1,200
  • New Taxes Expense $11,800
  • Operating Expense $13,525
  • Gross Income $66,900
  • Net Operating Income $53,375

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.33
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: RM
  • Property Type: Residential Income
  • Parcel Number: 0355113070000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 140.11

Exterior Features

  • View: Hills, Mountain(s), Trees/Woods
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Mountainous, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18489.00
  • Lot Size Acres: 0.4244

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 66900.00
  • Gross Operating Income: 66900.00
  • Gross Scheduled Income: 66900.00
  • Insurance Expense: 11885.00
  • Lot Size Area: 18489.0000 Square Feet
  • Net Operating Income: 53375.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 13525.00
  • Rent Control: No
  • Total Actual Rent: 67500.00
  • Total Expenses: 13525.00

Tax Info

  • New Taxes Expense: 11800.00
  • Tax Census Tract: 92.01
  • Tax Lot: 173
  • Tax Tract Number: 2999
  • TaxOtherAnnualAssessmentAmount: 845.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2021 11/09/21 Sold $925,000 -2.5% $140 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $949,000 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21178432

California Regional Multiple Listing Service (CRMLS)