NOT LISTED FOR SALE

11780 Adams St Yucaipa, CA 92399

9 Beds
5 Baths
14,040 Sq Ft
1 Acres

Last Sold November 03, 2016

Last sale price $2,200,000 $157 Per Sq Ft

39 Days on Market

About This Home

As of November 2016

The Northview Terrace Apartments located in the city of Yucaipa. The Northview Terrace Apartments is located at a cul-de-sac of Adams Street. The property is conveniently located north of the 10 Freeway and about a mile and a half away from Yucaipa Regional Park and minutes away from Yucaipa Valley Golf Club and Calimesa Country Club. Surrounded by educational and medical institutes such as Loma Linda University and Medical Centers and University of Redlands, the large employee base holds high rental demands in Yucaipa. Investors have the rare opportunity to own a consistent income producing property in a prime location.

Built in 1965, the Northview Terrace Apartments contains 18 units on a 43,560 square foot lot. There are 18 carport parking spaces available and the building features a pitched composition roof. The Northview Terrace Apartments has a unit mix of 17 two-bedroom/one-bathroom units and 1 one-bedroom/one-bathroom unit. The building size for this property totals 14,040 square feet with an average unit size of 780 square feet. The building features individual electric and gas meters with individual hot water heater.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 06/17/2016

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 06/17/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 1 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Density is 16-20 Units/Acre

Parking

  • 7 Car Garage

Home Design

  • 14,040 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 8800
  • Assessor Parcel Number 0303221720000

Community Details

Overview

  • 4 Buildings
  • 18 Units

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,733
  • Insurance Expense $4,698
  • Trash Expense $2,333
  • Water Sewer Expense $14,398
  • New Taxes Expense $31,090
  • Gross Income $18,145
  • Net Operating Income $122,555

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 14398.00
  • Property Type: Residential Income
  • Parcel Number: 0303221720000
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 156.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2333.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, 16-20 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 43560.00
  • Price Per Lot Square Foot: 51.65

Multi Family

  • Electric Expense: 1733.00
  • Gross Income: 18145.00
  • Gross Scheduled Income: 217740.00
  • Insurance Expense: 4698.00
  • Net Operating Income: 122555.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 84298.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 31090.00
  • Tax Lot: 5
  • Tax Tract Number: 008800

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2016 11/03/16 Sold $2,200,000 -2.2% $157 / Sq Ft
10/31/2016 10/31/16 For Sale $2,250,000 0.0% $160 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
06/17/2016 06/17/16 For Sale $2,250,000 -- $160 / 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 $29,656 $2,553,289 $504,854 $2,048,435
2024 $29,656 $2,503,225 $494,955 $2,008,270
2023 $29,540 $2,454,142 $485,250 $1,968,892
2022 $29,215 $2,406,021 $475,735 $1,930,286
2021 $28,859 $2,358,844 $466,407 $1,892,437
2020 $29,138 $2,334,657 $461,625 $1,873,032
2019 $28,381 $2,288,880 $452,574 $1,836,306
2018 $27,720 $2,244,000 $443,700 $1,800,300
2017 $22,293 $1,793,874 $295,086 $1,498,788
2016 $22,005 $1,758,700 $289,300 $1,469,400
2015 $19,227 $1,520,000 $250,000 $1,270,000
2014 $17,649 $1,390,000 $250,000 $1,140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16161988

California Regional Multiple Listing Service (CRMLS)