Seller's Agent in 2021
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
11938 1st Ave Hesperia, CA 92345
Hesperia Area
1
Bed
1
Bath
5,250
Sq Ft
0.85
Acre Lot
Highlights
- Laundry Facilities
- Chain Link Fence
- 1-Story Property
About This Home
As of January 2021Please contact Le Investment Group for full offering memorandum. Drive by only please do not disturb the tenants. Thank you. Offering an actual CAP Rate of 6.57% With a ProForma CAP Rate of 7.01%. ProForma. Offering an actual GRM of 9.95, With a ProForma GRM of 9.30. Located blocks from Desert Valley Hospital and Victor Valley College. The First Avenue Apartments are located at the major cross streets of Bear Valley Road and Hesperia Road. This ten unit apartment community is composed of all 1 bedroom / 1 bath units that are approximately 525 sqft. The tenants are awarded with onsite parking and a laundry facility. The owner has renovated five units (~$4,000 each) to include new doors, flooring, paint, cabinets, granite countertops (unit 7), A/C units and water heater (unit 5). The First Avenue Apartments are located just minutes from Desert Valley Hospital which is one of the top accredited hospitals in the nation. The centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. The property is blocks away from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1981
Lot Details
- 37,206 Sq Ft Lot
- Two or More Common Walls
- Chain Link Fence
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 5,250 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 20 Open Parking Spaces
- 20 Parking Spaces
- Parking Available
- Driveway
Listing and Financial Details
- Tax Lot 156
- Tax Tract Number 5104
- Assessor Parcel Number 0415044130000
Community Details
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $3,862
- Maintenance Expense $5,418
- Other Expense $1,800
- Professional Management Expense $5,418
- Trash Expense $1,911
- Water Sewer Expense $3,590
- New Taxes Expense $10,690
- Operating Expense $34,789
- Gross Income $112,860
- Net Operating Income $73,628
Additional Features
- 10 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2020
Closed on
Jan 11, 2021
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Outstanding Balance
$553,850
Interest Rate
2.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 27, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 14, 2006
Sold by
Bought by
Purchase Details
Closed on
Sep 27, 2002
Sold by
Bought by
Purchase Details
Closed on
Sep 3, 2002
Sold by
Bought by
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $975,000 | Ticor Title | ||
| $795,000 | Ticor Title Company | ||
| -- | None Available | ||
| -- | First American | ||
| $312,000 | First American | ||
| -- | First American |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $633,750 | ||
| Previous Owner | $90,000 | ||
| Previous Owner | $570,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2021 01/19/21 | Sold | $975,000 | -7.1% | $186 / Sq Ft |
| 10/12/2020 10/12/20 | Pending | -- | -- | -- |
| 08/27/2020 08/27/20 | Price Changed | $1,049,888 | 0.0% | $200 / Sq Ft |
| 08/10/2020 08/10/20 | For Sale | $1,050,000 | -- | $200 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,958 | $1,076,478 | $193,214 | $883,264 |
| 2025 | $11,958 | $1,055,370 | $189,425 | $865,945 |
| 2024 | $11,690 | $1,034,677 | $185,711 | $848,966 |
| 2023 | $11,565 | $1,014,390 | $182,070 | $832,320 |
| 2022 | $11,302 | $994,500 | $178,500 | $816,000 |
| 2021 | $9,400 | $819,301 | $154,585 | $664,716 |
| 2020 | $9,292 | $810,900 | $153,000 | $657,900 |
| 2019 | $4,861 | $405,090 | $97,377 | $307,713 |
| 2018 | $4,773 | $397,147 | $95,468 | $301,679 |
| 2017 | $4,694 | $389,360 | $93,596 | $295,764 |
| 2016 | $4,801 | $381,726 | $91,761 | $289,965 |
| 2015 | $4,547 | $375,992 | $90,383 | $285,609 |
| 2014 | $4,490 | $368,627 | $88,613 | $280,014 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20161350
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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