NOT LISTED FOR SALE

Estimated Value: $500,088 - $566,000

6 Beds
3 Baths
2,615 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $505,000 $193 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,315/month

71 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • Evaporated cooling system
  • Heating System Uses Natural Gas

About This Home

As of July 2024

A triplex consists of three (2 bedroom 1 bathroom) units and is located in the heart of Apple Valley. The property was renovated three years ago with new floor , new swamp coolers and more. Each unit has its own electriicity, gas and water meters. All 3 units currently have long term renters on month to month leases. Drive by only and please do not disturb tenants. Please contact listing agent for any questions.

Last Agent to Sell the Property

QINGLONG WANG

PREMIER AGENT NETWORK Brokerage Phone: 626-731-3521 License #01485438 Listed on: 04/15/2024

Last Buyer's Agent

NINIVE PARGA

LEKASA License #02103264

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.49 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,615 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 3167
  • Tax Tract Number 3477
  • Assessor Parcel Number 3087332050000
  • $687 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $252
  • Insurance Expense $1,250
  • Trash Expense $2,580
  • Operating Expense $4,082
  • Net Operating Income $36,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3087332050000
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 193.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2580.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 21300.00
  • Lot Size Acres: 0.4890
  • Latitude Manual: 34.48912400

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 252.00
  • Gross Scheduled Income: 40632.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 21300.0000 Square Feet
  • Net Operating Income: 36550.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 4082.00
  • Rent Control: No
  • Total Actual Rent: 40632.00
  • Total Expenses: 4082.00

Tax Info

  • Tax Census Tract: 97.21
  • Tax Lot: 3167
  • Tax Tract Number: 3477
  • TaxOtherAnnualAssessmentAmount: 687.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jul 10, 2024
Sold by
Wang Qinglong and Wang Shuling
Bought by
Sanchez Jaime
Seller's Agent
QINGLONG WANG
PREMIER AGENT NETWORK
Buyer's Agent
NINIVE PARGA
LEKASA
List Price
$499,900
Sold Price
$505,000
Premium/Discount to List
$5,100
1.02%
Views
47
Current Estimated Value
$540,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,272
Avg. Annual Appreciation
4.51%
Original Mortgage
$375,000
Outstanding Balance
$370,555
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$169,717

Purchase Details

Listed on
Oct 28, 2013
Closed on
Jan 17, 2014
Sold by
Moore Glenda
Bought by
Wang Qinglong and Wang Shuling
Seller's Agent
JOSEPH PASSERINO
IPS COMMERCIAL CAPITAL
Buyer's Agent
QINGLONG WANG
PREMIER AGENT NETWORK
List Price
$185,000
Sold Price
$179,000
Premium/Discount to List
-$6,000
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%
Original Mortgage
$113,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2006
Sold by
Franklin Tameka L
Bought by
Moore Glenda

Purchase Details

Closed on
Apr 16, 2002
Sold by
Moreno Jude
Bought by
Franklin Tameka L and Moore Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,084
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2000
Sold by
Tolbart Michael J
Bought by
Moreno Jude and Moreno Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
8.15%

Purchase Details

Closed on
Aug 1, 1997
Sold by
Hud
Bought by
Tolbart Michael J and Tolbart Georgene C

Purchase Details

Closed on
May 5, 1997
Sold by
Scg Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 23, 1996
Sold by
Shaimes Arthur F and Shaimes Meredith H
Bought by
Scg Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Sanchez Jaime $505,000 Chicago Title
Wang Qinglong $179,000 Fidelity National Title Co
Moore Glenda -- None Available
Franklin Tameka L $124,000 Fidelity National Title Ins
Moreno Jude $87,000 First American Title Ins Co
Tolbart Michael J $46,500 Old Republic Title
Hud -- United Title Company
Scg Mtg Corp $1,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jaime $375,000
Previous Owner Wang Qinglong $113,000
Previous Owner Franklin Tameka L $122,084
Previous Owner Moreno Jude $69,600
Closed Moreno Jude $13,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $505,000 -2.9% $193 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/13/2024 06/13/24 Price Changed $519,900 +4.0% $199 / Sq Ft
04/15/2024 04/15/24 For Sale $499,900 +179.3% $191 / Sq Ft
02/19/2014 02/19/14 Sold $179,000 -3.2% $68 / Sq Ft View Prior Sale
01/06/2014 01/06/14 Pending -- -- --
10/28/2013 10/28/13 For Sale $185,000 -- $71 / 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 $6,115 $505,000 $95,000 $410,000
2024 $2,825 $215,126 $36,053 $179,073
2023 $2,796 $210,908 $35,346 $175,562
2022 $2,752 $206,773 $34,653 $172,120
2021 $2,690 $202,719 $33,974 $168,745
2020 $2,656 $200,641 $33,626 $167,015
2019 $2,607 $196,707 $32,967 $163,740
2018 $2,544 $192,850 $32,321 $160,529
2017 $2,508 $189,068 $31,687 $157,381
2016 $2,292 $185,361 $31,066 $154,295
2015 $2,257 $182,576 $30,599 $151,977
2014 $1,845 $146,501 $14,176 $132,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24075303

California Regional Multiple Listing Service (CRMLS)

APN: 3087-332-05