Seller's Agent in 2020
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
23 Total Sales
11875 A Ave Hesperia, CA 92345
3
Beds
2
Baths
4,788
Sq Ft
31,494
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- 1-Story Property
- Laundry Room
About This Home
As of December 2020Attractive Current CAP Rate of 6.99%. Proforma Cap Rate of 7.98%, Offering an Actual GRM of 9.44 with a Proforma GRM of 8.17, Located Blocks From Desert Valley Hospital and Victor Valley College, Improvements to Include New Flooring, Paint, and Landscaping. The A Avenue Apartments are located at the major cross streets of Bear Valley Road and Hesperia Rd. The Property has accessible onsite parking (16 spaces) in the front. This eight unit apartment community is composed of (4) 1 bedroom / 1bath and (4) 2 bedrooms / 1 bedroom units that are approximately 520 sqft and 677 sqft. The owner has invested in recent capital improvements to include new tile flooring, paint, and landscaping. The Property is located just minutes from Desert Valley Hospital which is one of the top accredited Hospitals in the nation. The property is located blocks from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. Hesperia's desert climate provides year-round access to many outdoor recreational activities. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
Last Agent to Sell the Property
LE INVESTMENT GROUP License #01468313 Listed on: 09/16/2020
Last Buyer's Agent
Ramiro Solano
REDFIN CORPORATION License #02020640
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 31,494 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 4,788 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
- Parking Available
- Paved Parking
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
Listing and Financial Details
- Tax Lot 627
- Tax Tract Number 5104
- Assessor Parcel Number 0415036020000
Community Details
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $350
- Fuel Expense $454
- Insurance Expense $2,950
- Maintenance Expense $7,452
- Other Expense $1,800
- Pest Control $960
- Professional Management Expense $4,258
- Supplies Expense $600
- Trash Expense $2,160
- Water Sewer Expense $2,798
- New Taxes Expense $9,163
- Operating Expense $34,745
- Gross Income $110,160
- Net Operating Income $71,807
Additional Features
- 8 Units
- Laundry Facilities
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2020 12/04/20 | Sold | $875,000 | -2.8% | $183 / Sq Ft |
| 09/16/2020 09/16/20 | For Sale | $900,000 | 0.0% | $188 / Sq Ft |
| 11/06/2017 11/06/17 | Rented | $900 | 0.0% | -- |
| 11/03/2017 11/03/17 | For Rent | $900 | 0.0% | -- |
| 11/02/2017 11/02/17 | Off Market | $900 | -- | -- |
| 10/16/2017 10/16/17 | For Rent | $900 | +28.6% | -- |
| 10/05/2015 10/05/15 | Rented | $700 | 0.0% | -- |
| 09/10/2015 09/10/15 | Price Changed | $700 | +3.7% | $1 / Sq Ft |
| 09/08/2015 09/08/15 | Price Changed | $675 | -3.6% | $1 / Sq Ft |
| 08/02/2015 08/02/15 | For Rent | $700 | -- | -- |
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 | $5,940 | $514,156 | $81,183 | $432,973 |
| 2024 | $10,355 | $928,557 | $79,591 | $848,966 |
| 2023 | $10,244 | $910,350 | $78,030 | $832,320 |
| 2022 | $10,010 | $892,500 | $76,500 | $816,000 |
| 2021 | $9,831 | $532,280 | $56,626 | $475,654 |
| 2020 | $6,050 | $526,822 | $56,045 | $470,777 |
| 2019 | $6,212 | $516,492 | $54,946 | $461,546 |
| 2018 | $5,819 | $506,365 | $53,869 | $452,496 |
| 2017 | $5,719 | $496,437 | $52,813 | $443,624 |
| 2016 | $5,602 | $486,702 | $51,777 | $434,925 |
| 2015 | $5,534 | $479,391 | $50,999 | $428,392 |
| 2014 | $4,705 | $375,100 | $118,800 | $256,300 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
-
Ramiro Solano
R
Buyer's Agent in 2020
Ramiro Solano
REDFIN CORPORATION
-
Jody Bell
Seller's Agent in 2017
Jody Bell
KELLER WILLIAMS REALTY
(909) 733-6012
60 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20193837
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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