NOT LISTED FOR SALE

Estimated Value: $727,000 - $791,000

8 Beds
8 Baths
4,500 Sq Ft
$171/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $725,000 $161 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,796/month

6 Days on Market

Highlights

  • 0.41 Acre Lot
  • Quartz Countertops
  • Double Pane Windows
  • Traditional Architecture
  • No HOA
  • Living Room

About This Home

As of February 2024

$$$ Strong Rental Income Potential $$$ 4 UNITS - 2 UNITS HAVE BEEN FULLY UPDATED & REMODELED!
Investors take note! This property is a cash-flow dream. With 4 units, each designed for modern comfort including 1,064 square feet per unit, and a 1 car garage with an Electric Car Charging outlet in the remodeled duplex garages, you'll benefit from a steady stream of rental income. The local rental market is robust, and this property's attractive features and amenities make it a magnet for tenants seeking the perfect urban retreat. Each unit has a Primary Bedroom with a Primary bath and a second bedroom and a Full Guest bath with Designer Tile Shower walls and Modern LED Lighted mirrors in the restrooms, these units will attract great Tenants. Also, Section 8 is paying $2,300 for 2 bed/2 bath units and your buyer can register these units to rent to Section 8 tenants. This property is more than just an income generator; it's also a smart long-term investment. The Hesperia area is experiencing tremendous growth, with property values steadily on the rise. As the landscape continues to evolve, your investment will provide growth for years to come.

Last Agent to Sell the Property

Enrique Balcazar

COLDWELL BANKER REALTY License #01258142 Listed on: 10/18/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Enrique Balcazar

COLDWELL BANKER REALTY License #01258142 Listed on: 10/18/2023

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Turnkey
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Storage
  • Vinyl Flooring

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Type Unknown
  • Sewer Not Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Halls are 36 inches wide or more
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 47
  • Tax Tract Number 5375
  • Assessor Parcel Number 0405193190000
  • $661 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $800
  • Water Sewer Expense $1,200
  • Operating Expense $3,800
  • Net Operating Income $75,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 1984 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 179975
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic, Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0405193190000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Quartz Counters, Recessed Lighting, Storage
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: 36 Inch Or More Wide Halls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 161.11
  • Room Type: All Bedrooms Down, Laundry, Living Room, Primary Bathroom, Primary Bedroom
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Not Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Septic Type Unknown
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 17854.00
  • Lot Size Acres: 0.4099

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1064 Square Feet
  • Gross Scheduled Income: 79440.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 17854.0000 Square Feet
  • Net Operating Income: 75640.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 3800.00
  • Rent Control: No
  • Total Actual Rent: 2300.00
  • Total Expenses: 3800.00

Tax Info

  • Tax Census Tract: 100.16
  • Tax Lot: 47
  • Tax Tract Number: 5375
  • TaxOtherAnnualAssessmentAmount: 661.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2023
Sold by
Fisch Daniel
Bought by
Balian Vahe
Total Days on Market
6
Current Estimated Value
$767,302

Purchase Details

Closed on
Jul 31, 2020
Sold by
Niazi Sam N
Bought by
Fisch Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2006
Sold by
Niazi Sam N
Bought by
Niazi Sam N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,343
Interest Rate
6.3%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1999
Sold by
Niazi Sam N and Garcia Maria T
Bought by
Naizi Sam N
Source: Public Records

Range of Values:

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Average Value
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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
Balian Vahe $725,000 Ticor Title
Fisch Daniel $570,000 Orange Coast Ttl Co Of Socal
Niazi Sam N -- Orange Coast Title
Naizi Sam N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisch Daniel $427,500
Previous Owner Niazi Sam N $150,682
Previous Owner Niazi Sam N $157,343
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $725,000 +0.7% $161 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $719,900 -- $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 $6,700 $739,500 $81,600 $657,900
2024 $6,700 $604,888 $53,060 $551,828
2023 $6,628 $593,028 $52,020 $541,008
2022 $6,475 $581,400 $51,000 $530,400
2021 $6,358 $570,000 $50,000 $520,000
2020 $3,354 $292,320 $42,394 $249,926
2019 $3,286 $286,588 $41,563 $245,025
2018 $3,225 $280,969 $40,748 $240,221
2017 $3,170 $275,460 $39,949 $235,511
2016 $3,104 $270,059 $39,166 $230,893
2015 $3,066 $266,003 $38,578 $227,425
2014 $3,027 $260,792 $37,822 $222,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23194793

California Regional Multiple Listing Service (CRMLS)

APN: 0405-193-19