NOT LISTED FOR SALE

11447 Sage St Unit A Adelanto, CA 92301

Estimated Value: $496,963 - $588,000

5 Beds
3 Baths
2,387 Sq Ft
$219/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $310,000 $130 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,070/month

95 Days on Market

Highlights

  • Desert View
  • Secluded Lot
  • No HOA
  • Property is near a park
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2020

Fantastic investment opportunity for the savvy investor and easy passive income for the first time buyer. This is a highly desired area with multiple rent applications every time a unit becomes available. This well maintained, fully occupied Triplex in Adelanto has been recently painted, all units have been remolded and some have upgraded features. This Triplex consists of Two - 2 bedrooms, 1 bathroom and One - 1 bedroom, 1 bathroom, all on one floor. Spacious size bedrooms and living rooms. All units are currently occupied and have their own back area patio and newer fence. Great for a first new investor or seasoned investor to add to their portfolio. Positive cash flow. Each tenant contributes to water bill, separate electric/gas meters. Routine Pest Control Management for property.

Last Agent to Sell the Property

Edith Jimenez

Veredi Real Estate License #01499375 Listed on: 04/25/2020

Last Buyer's Agent

GREGORY KEY

ITP Realty Group License #00133165

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • No Landscaping
  • Secluded Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • 3 Carport Spaces
  • Parking Available

Property Views

  • Desert
  • Neighborhood

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Mixed Roof Materials
  • Stucco

Interior Spaces

  • 2,387 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room

Kitchen

  • Gas Cooktop
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Stone
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Window Bars
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Water Heater
  • Private Sewer

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 1,2
  • Tax Tract Number 13
  • Assessor Parcel Number 0459253400000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mountainous Community
  • Valley

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • Insurance Expense $804
  • Trash Expense $987
  • Water Sewer Expense $997
  • New Taxes Expense $3,366
  • Operating Expense $6,154
  • Gross Income $28,500
  • Net Operating Income $2,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,744

Year Built

Built in 1983 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: AGENT
  • Other Phone Number: 949-344-1022
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 997.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 0459253400000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Entry Location: Main
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Stone, Tile, Vinyl
  • Accessibility Features: 2+ Access Exits, No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 129.87
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • View: Desert, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Builder Name: Unknown
  • Pool Private: No
  • Roof: Mixed, Other
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Water Heater
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: In Kitchen, Inside
  • Sewer: Private Sewer
  • Trash Expense: 987.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Mountainous, Storm Drains, Street Lights, Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, No Landscaping, Park Nearby, Rocks, Secluded
  • Lot Size: 11390
  • Lot Size Sq Ft: 11390.00
  • Lot Size Acres: 0.2615

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Average1 Bed Area: 479 Square Feet
  • Average2 Bed Area: 954 Square Feet
  • Gross Income: 28500.00
  • Gross Scheduled Income: 28500.00
  • Insurance Expense: 804.00
  • Lot Size Area: 11390.0000 Square Feet
  • Net Operating Income: 2375.00
  • Number Of Separate Electric Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 210.00
  • Rent Control: No
  • Total Actual Rent: 2350.00
  • Total Expenses: 6154.00

Tax Info

  • New Taxes Expense: 3366.00
  • Tax Area: 14000
  • Tax Census Tract: 91.16
  • Tax Lot: 1,2
  • Tax Tract Number: 13
  • Tax Year: 2130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2020
Sold by
Lopez Esmeralda
Bought by
Perez Cesario A and Valentin Cynthia
Current Estimated Value
$521,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 1, 2017
Sold by
Lopez Jorge A
Bought by
Lopez Esmeralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
May 15, 2017
Sold by
Newcomer Investments Inc
Bought by
Lopez Esmeralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 2013
Sold by
Newcomer Investments Inc
Bought by
Newcomer Investments Inc and Hapa Assests

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2013
Sold by
Tirmazi Haseen
Bought by
Newcomer Veronica I and Newcomer Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2013
Sold by
Newcomer Veronica I
Bought by
Newcomer Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2009
Sold by
Rizvi Kashif Z
Bought by
Tirmazi Haseen

Purchase Details

Closed on
Feb 25, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Tirmazi Haseen

Purchase Details

Closed on
Nov 21, 2008
Sold by
Haider Saeed
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jul 1, 2004
Sold by
Ajax Services Llc
Bought by
Haider Saeed and Sharmeen Fatima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2001
Sold by
Rosen Tina
Bought by
Morgan Ted and Morgan Zoe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.91%

Purchase Details

Closed on
Oct 8, 1999
Sold by
The Palm Family Ltd Partnership
Bought by
Rosen Tina

Purchase Details

Closed on
Jul 22, 1998
Sold by
Ge Capital Mtg Services Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
6.9%

Purchase Details

Closed on
Jun 13, 1998
Sold by
Hud
Bought by
The Palm Family Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
6.9%

Purchase Details

Closed on
Dec 13, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Hud

Purchase Details

Closed on
Aug 24, 1993
Sold by
Powers Richard R
Bought by
Rodriguez Alfredo and Moreno Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,275
Interest Rate
7.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perez Cesario A $310,000 First American Title Company
Lopez Esmeralda -- Pacific Coast Title Company
Lopez Esmeralda $165,000 Pacific Coast Title Company
Newcomer Investments Inc -- Accommodation
Newcomer Veronica I $121,000 Fidelity National Title Co
Newcomer Investments Inc -- Accommodation
Tirmazi Haseen -- None Available
Tirmazi Haseen $42,000 Lsi Title Agency Inc
Jpmorgan Chase Bank National Association $37,955 Accommodation
Haider Saeed $185,000 Chicago Title Company
Ajax Services Llc -- Chicago Title Company
Morgan Ted $50,000 Stewart Title
Rosen Tina $63,562 Stewart Title
Hud -- Lawyers Title Company
The Palm Family Ltd Partnership $26,000 Lawyers Title Company
Hud -- Lawyers Title Company
Ge Capital Mtg Services Inc $98,138 Continental Lawyers Title Co
Rodriguez Alfredo $83,000 First American Title Insuran
Powers Richard R -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Cesario A $304,385
Previous Owner Lopez Esmeralda $162,011
Previous Owner Newcomer Veronica I $82,500
Previous Owner Haider Saeed $148,000
Previous Owner Morgan Ted $50,000
Previous Owner The Palm Family Ltd Partnership $13,000
Previous Owner Rodriguez Alfredo $83,275
Closed Haider Saeed $18,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2020 08/25/20 Sold $310,000 -3.1% $130 / Sq Ft
08/09/2020 08/09/20 For Sale $320,000 0.0% $134 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $320,000 -- $134 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,744 $335,553 $64,945 $270,608
2024 $3,744 $328,974 $63,672 $265,302
2023 $3,708 $322,524 $62,424 $260,100
2022 $3,640 $316,200 $61,200 $255,000
2021 $3,853 $310,000 $60,000 $250,000
2020 $2,144 $175,099 $21,224 $153,875
2019 $2,130 $171,666 $20,808 $150,858
2018 $2,153 $168,300 $20,400 $147,900
2017 $1,616 $127,806 $12,676 $115,130
2016 $1,585 $125,300 $12,427 $112,873
2015 $1,527 $123,418 $12,240 $111,178
2014 $1,513 $121,000 $12,000 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20079251

California Regional Multiple Listing Service (CRMLS)

APN: 0459-253-40