NOT LISTED FOR SALE

Estimated Value: $551,000 - $613,001

2 Beds
1 Bath
3,075 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: April 22, 2021

Last sale price $470,000 $153 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,736 / mo

14 Days on Market

Highlights

  • City Lights View
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Central Air
  • Heating System Uses Natural Gas
  • 3-minute walk to Yucca Loma Park

About This Home

As of April 2021

Pride of ownership 4 unit with long term tenants. This 4 unit property is so unique that you will not find another one like it in the area. 1) It sits on .9 acres of land meaning you have the opportunity for future development of additional units. 2) the rents are under market meaning you have ample ability to increase cash flow year over year for the immediate future. 3) It has an onsite laundry room with owned machines. No more messing around with a 3rd party leasing company who takes a majority of the profits for themselves. 4) Property has garages but tenants do not use them and is not included in the rent. Immediate opportunity to increase income by renting out garages for storage to the tenants. 5) Property has been owned by a single family for almost 40 years and can tell you everything that has been replaced during that time. 6) Listed under price per unit comparables, seller wants it sold before the end of the year.

Last Agent to Sell the Property

Jerrad Schendel

Coldwell Banker Commercial Rea License #01971338 Listed on: 10/30/2020

Coldwell Banker Commercial Rea

Co-Listed By

Bob Basen

Coldwell Banker Commercial Rea License #00521368

Last Buyer's Agent

EDITH AVILEZ

FAST TRACK REALTY CO. License #01306214

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 39,204 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 3 Car Garage

Property Views

  • City Lights
  • Desert

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,075 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 3433
  • Assessor Parcel Number 3087301270000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.9 Acres

Parking

3

Listing Details

  • Road Surface Type: Paved
  • View: Yes
  • Zoning: Residential 3
  • Property Type: Residential Income
  • Parcel Number: 3087301270000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Appliances: No
  • Price Per Square Foot: 152.85

Exterior Features

  • View: City Lights, Desert
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Features: Paved
  • Lot Size: unknown
  • Lot Size Sq Ft: 39204.00
  • Lot Size Acres: 0.9000

Multi Family

  • Lot Size Area: 39204.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 3433
  • Tax Tract: 3641

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

Closed on
Dec 3, 2020
Sold by
Bought by
Current Estimated Value
$586,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,487
Interest Rate
0.0305%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$470,000 Chicago Title
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
Previous Owner $461,487
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
04/22/2021 04/22/21 Sold $470,000 +1.1% $153 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $465,000 -- $151 / 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 $6,487 $518,918 $132,490 $386,428
2025 $6,487 $508,743 $129,892 $378,851
2024 $6,167 $498,768 $127,345 $371,423
2023 $6,108 $488,988 $124,848 $364,140
2022 $6,014 $479,400 $122,400 $357,000
2021 $3,480 $260,055 $50,990 $209,065
2020 $3,436 $257,388 $50,467 $206,921
2019 $3,372 $252,341 $49,477 $202,864
2018 $3,291 $247,393 $48,507 $198,886
2017 $3,244 $242,542 $47,556 $194,986
2016 $2,957 $237,787 $46,624 $191,163
2015 $2,913 $234,216 $45,924 $188,292
2014 $2,760 $220,000 $40,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 529594

California Regional Multiple Listing Service (CRMLS)

APN: 3087-301-27

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