Seller's Agent in 2016
Ed Diaz
Vanguard Property Group
(714) 900-0169
26 Total Sales
15340 Ute Rd Apple Valley, CA 92307
High Desert Neighborhood
4
Beds
2
Baths
5,042
Sq Ft
0.75
Acres Lot
About This Home
As of October 2016**PRICE REDUCED $61K FROM ORIGINAL LIST & PRICED WELL BELOW REPLACEMENT COST** 1980 built single story building featuring 6 (2+1) spacious two bedroom/one bath units in a nice Apple Valley location. Walking distance to Apple Valley Civic Center, Target, Starbucks, and numerous of other amenities. Five of the units have private patios. All units have central ac/heat, separate water heaters and separate tenant meters for gas & electric. There are 6 new AC units and 6 new swamp coolers plus there is a laundry room for additional income (seller-owned machines included in sale). There is ample parking with 6 carport spaces and 6 open spaces. The subject property is has approximately 5,140 square feet and sits on a 32,800 square foot lot (buyer to verify all building/lot dimension data). **Priced to Sell at 8.53 GRM/7.08 CAP Actual Rents!!! 9.3% cash-on-cash return on actual rents with 40% down** Equalize the rents and achieve a 7.6 CAP and a 10.3% cash-on-cash return**
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 32,800 Sq Ft Lot
- Two or More Common Walls
- Rural Setting
- Density is 6-10 Units/Acre
Home Design
- 5,042 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Leased Washer and Dryer
Parking
- 12 Parking Spaces
- 6 Carport Spaces
- Parking Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 64
- Tax Tract Number 3320
- Assessor Parcel Number 0441132460000
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $753
- Insurance Expense $1,635
- Maintenance Expense $3,000
- Trash Expense $3,590
- Water Sewer Expense $2,967
- New Taxes Expense $5,049
- Gross Income $4,385
- Net Operating Income $31,786
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2016 10/28/16 | Sold | $437,000 | -2.7% | $87 / Sq Ft |
| 09/10/2016 09/10/16 | Price Changed | $449,000 | 0.0% | $89 / Sq Ft |
| 09/10/2016 09/10/16 | For Sale | $449,000 | +2.7% | $89 / Sq Ft |
| 08/11/2016 08/11/16 | Off Market | $437,000 | -- | -- |
| 02/02/2016 02/02/16 | For Sale | $510,000 | -- | $101 / Sq Ft |
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 | $6,543 | $507,178 | $58,030 | $449,148 |
| 2024 | $6,363 | $497,233 | $56,892 | $440,341 |
| 2023 | $6,299 | $487,483 | $55,776 | $431,707 |
| 2022 | $6,202 | $477,924 | $54,682 | $423,242 |
| 2021 | $6,062 | $468,553 | $53,610 | $414,943 |
| 2020 | $5,985 | $463,748 | $53,060 | $410,688 |
| 2019 | $5,874 | $454,655 | $52,020 | $402,635 |
| 2018 | $5,732 | $445,740 | $51,000 | $394,740 |
| 2017 | $5,651 | $437,000 | $50,000 | $387,000 |
| 2016 | $3,442 | $272,540 | $15,603 | $256,937 |
| 2015 | $3,389 | $268,447 | $15,369 | $253,078 |
| 2014 | $3,343 | $263,189 | $15,068 | $248,121 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Diaz
-
Bi Chen
B
Buyer Co-Listing Agent in 2016
Bi Chen
Pinnacle Real Estate Group
(626) 641-8005
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16022120
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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