NOT LISTED FOR SALE

11612 Oasis Rd Unit A Pinon Hills, CA 92372

Estimated Value: $809,000 - $1,060,000

12 Beds
8 Baths
6,000 Sq Ft
$156/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $880,000 $147 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,819/month

9 Days on Market

Highlights

  • Mountain View
  • 8 Car Direct Access Garage
  • Tile Flooring
  • Secluded Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of January 2022

Tremendous opportunity to purchase four single story 3 bedroom, 2 bath units built in 2008. Each unit has its own 2 car finished garage with direct access and laundry hook ups, plus a 2 car driveway. This property was built from the ground up by the current owner and was constructed with the highest quality materials including concrete tile roofs, full stucco exterior, solid oak cabinetry. All units are separately metered for water, natural gas and electricity. Please note that the property does have natural gas (not propane), city water (no well), and is on a paved/maintained road. The lot is over 2 acres and the units are only connected at the garage walls making this more like owning 4 separate SFR's with no HOA plus minimal owner expenses. These are not manufactured homes. Opportunities like this do not become available too often!!
The units have been impeccably maintained and managed by the owner with a few of the tenants residing in their units over 5 years.

Last Agent to Sell the Property

Freddy Babayan

Douglas Elliman of California License #01227841 Listed on: 12/22/2021

Douglas Elliman of California

Last Buyer's Agent

MARIA MEZA

MARIA MEZA, BROKER License #01817203

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,418

Year Built

  • Built in 2008

Lot Details

  • 2.09 Acre Lot
  • No Common Walls
  • Rural Setting
  • Wood Fence
  • Secluded Lot

Parking

  • 8 Car Direct Access Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Driveway Level

Home Design

  • Turnkey
  • Slab Foundation
  • Concrete Roof

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Kitchen

  • Gas Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 397
  • Tax Tract Number 8045
  • Assessor Parcel Number 3068061290000
  • $897 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,400
  • Trash Expense $1,440
  • Operating Expense $14,040
  • Gross Income $60,000
  • Net Operating Income $45,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,418

Year Built

Built in 2008

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 5.25
  • Price Per Unit: 218750
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: Yes
  • Zoning: PH/RM
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 3068061290000
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 146.67

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Concrete

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway Level, Garage
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Oven, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 1440.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Secluded
  • Lot Size Sq Ft: 91095.00
  • Lot Size Acres: 2.0913

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 60000.00
  • Gross Operating Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 91095.0000 Square Feet
  • Net Operating Income: 45960.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 14040.00
  • Rent Control: No
  • Total Expenses: 14040.00

Tax Info

  • Tax Census Tract: 91.07
  • Tax Lot: 397
  • Tax Tract Number: 8045
  • TaxOtherAnnualAssessmentAmount: 897.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2024
Sold by
Meza Juan A and Meza Maria
Bought by
Tristar Property Trust and Meza
Current Estimated Value
$936,661

Purchase Details

Listed on
Dec 22, 2021
Closed on
Jan 5, 2022
Sold by
Morris Mark W
Bought by
Meza Juan A and Meza Maria
Seller's Agent
Freddy Babayan
Douglas Elliman of California
Buyer's Agent
MARIA MEZA
MARIA MEZA, BROKER
List Price
$875,000
Sold Price
$880,000
Premium/Discount to List
$5,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%
Original Mortgage
$660,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2016
Sold by
Mw Morris Developments
Bought by
Morris Mark

Purchase Details

Closed on
Aug 8, 2008
Sold by
Morris Mark W
Bought by
Mw Morris Developments

Purchase Details

Closed on
Sep 22, 2006
Sold by
Hall Herbert Michael
Bought by
Morris Mark W

Purchase Details

Closed on
Dec 22, 2004
Sold by
Parsons Michael
Bought by
Hall Herbert Michael

Purchase Details

Closed on
Mar 19, 2004
Sold by
Arakelian Garekin
Bought by
Parsons Michael and Parsons Catherine
Source: Public Records

Range of Values:

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Average Value
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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
Tristar Property Trust -- None Listed On Document
Meza Juan A -- None Listed On Document
Meza Juan A $880,000 Chicago Title
Morris Mark W -- Chicago Title
Morris Mark -- None Available
Mw Morris Developments -- None Available
Morris Mark W $115,000 First American Title Company
Hall Herbert Michael $95,000 Chicago Title Company
Parsons Michael $65,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meza Juan A $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $880,000 +0.6% $147 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
12/22/2021 12/22/21 For Sale $875,000 -- $146 / 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 $10,418 $933,864 $68,979 $864,885
2024 $10,418 $915,552 $67,626 $847,926
2023 $10,304 $897,600 $66,300 $831,300
2022 $4,744 $382,252 $91,013 $291,239
2021 $4,661 $374,756 $89,228 $285,528
2020 $4,606 $370,913 $88,313 $282,600
2019 $4,520 $363,640 $86,581 $277,059
2018 $4,284 $356,509 $84,883 $271,626
2017 $4,213 $349,519 $83,219 $266,300
2016 $4,159 $342,665 $81,587 $261,078
2015 $4,110 $337,517 $80,361 $257,156
2014 $4,041 $330,906 $78,787 $252,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21267664

California Regional Multiple Listing Service (CRMLS)

APN: 3068-061-29