NOT LISTED FOR SALE

11563 Hesperia Rd Hesperia, CA 92345

6 Beds
6 Baths
2,850 Sq Ft
37,801 Sq Ft Lot

Last Sold December 17, 2020

Last sale price $445,000 $156 Per Sq Ft

68 Days on Market

Highlights

  • 24-Hour Security
  • Double Pane Windows
  • Formal Entry
  • City Lights View
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of December 2020

***************THIS IS STANDARD SALE, IT IS NOT A SHORT SALE OR REO, AND IT'S COMMERCIAL ZONE***************
AN AMAZING INVESTMENT OPPORTUNITY, VERY CLOSE TO INTERSECTION AF BEAR VALLEY AND HESPERIA ROAD. THIS IS A LARGE LOT 37,800/SQFT
MORE THAN ENOUGH LAND TO BUILD ADDITIONAL COMMERCIAL BUILDING AND PARKING SPACE, THERE ARE SEVERAL COMMERCIAL BUILDINGS IN THE NEIGHBOUR BUILT IN THE PAST RECENT YEARS.
BUILDING CONSISTS OF:
4 UNITS STUDIOS 375 SQFT EACH, CURRENT 3 UNIT RENT AT $500.00/MO, AND 1 UNIT RENT AT $550/MO, AND 2 LARGE ONE-BEDROOM 675 SQFTEACH, RENT IS $550 AND $575/MOS, 2 BUILDING TOTAL RENT= $3,175.00/MONTH.
ALL FULL OCCUPANCIES, AND LONG TIME TENANTS, 4 STUDIO UNITS HAVE NOT RAISE A RENT FOR 2 YEARS, AND 2 ONE BEDROOMS ARE LONG TIMES TENANTS HAVE NOT RAISE A RENT FOR 8 YEAR, CURRENT MARKET RENT SHOULD BE FROM $3,800.00 TO $,4,200.00. ALL UNITS ARE IN GOOD CONDITION. ALL BATHROOMS WITH TILE. BRAND NEW ROOF.

Last Agent to Sell the Property

Loi Vuong

Cali Home Realty License #01358279 Listed on: 07/16/2020

Last Buyer's Agent

Rosalva Olivarria

Rosalva Olivarria, Broker License #01193841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 37,800 Sq Ft Lot
  • Two or More Common Walls
  • Desert faces the back of the property
  • South Facing Home
  • Chain Link Fence
  • Density is 6-10 Units/Acre
  • On-Hand Building Permits

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Fire Rated Drywall
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,850 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Panel Doors
  • Formal Entry
  • Tile Flooring
  • City Lights Views
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • 220 Volts in Kitchen
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 433
  • Tax Tract Number 5104
  • Assessor Parcel Number 0415082160000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $200
  • Professional Management Expense $900
  • Trash Expense $1,496
  • Water Sewer Expense $1,255
  • New Taxes Expense $4,375
  • Operating Expense $11,601
  • Net Operating Income $36,900

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0.87 Acres

Listing Details

  • Assessments: No
  • Ad Number: Larry
  • Professional Management Expense: 900.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Resident Manager, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1255.00
  • Zoning: COMERCIAL
  • Property Condition: Building Permit, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 0415082160000
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 156.14
  • Room Type: All Bedrooms Down, Formal Entry
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • View: City Lights
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Electricity Connected
  • Heating: No
  • Laundry: No
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Disposal
  • Electric: 220 Volts in Kitchen, Standard
  • Sewer: Private Sewer
  • Trash Expense: 1496.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Desert Back, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 37800.00
  • Lot Size Acres: 0.8678
  • Latitude Manual: 34.46108100

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Average Studio Area: 375 Square Feet
  • Gross Scheduled Income: 38100.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 37800.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 36900.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 31800.00
  • Total Expenses: 11601.00

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Census Tract: 100.11
  • Tax Lot: 433
  • Tax Tract Number: 5104
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Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $445,000 -2.2% $156 / Sq Ft
10/26/2020 10/26/20 For Sale $455,000 +2.2% $160 / Sq Ft
09/28/2020 09/28/20 Off Market $445,000 -- --
07/26/2020 07/26/20 Price Changed $455,000 -2.2% $160 / Sq Ft
07/16/2020 07/16/20 For Sale $465,000 -- $163 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,597 $481,682 $156,953 $324,729
2024 $5,473 $472,237 $153,875 $318,362
2023 $5,414 $462,978 $150,858 $312,120
2022 $5,293 $453,900 $147,900 $306,000
2021 $5,199 $445,000 $145,000 $300,000
2020 $4,795 $394,800 $272,800 $122,000
2019 $4,375 $358,900 $248,000 $110,900
2018 $4,069 $332,300 $229,600 $102,700
2017 $3,726 $302,100 $208,700 $93,400
2016 $3,719 $302,100 $208,700 $93,400
2015 $3,272 $262,700 $181,500 $81,200
2014 $3,012 $238,800 $165,000 $73,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20140142

California Regional Multiple Listing Service (CRMLS)
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