NOT LISTED FOR SALE

Estimated Value: $794,000 - $944,000

8 Beds
4 Baths
3,960 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $780,000 $197 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,205/month

3 Days on Market

Highlights

  • Park
  • Landscaped
  • 1-Story Property
  • Laundry Room

About This Home

As of August 2023

Four (4) unit apartment building in northern Apple Valley – each unit 2 bedrooms 1 bath, 2 car attached garage, with washer & dryer hookups. Conveniently situated just north of the Target shopping center and within walking distance of many retail shops, restaurants, entertainment and more. Each unit features beautifully maintained wood laminate flooring throughout, with tile in kitchen and bathroom, ceiling fans in every bedroom, two-tone paint, fireplaces and private back yards. The property recently had the roof replaced in September of 2021, and full exterior paint was completed this year in June. Fencing has been upgraded to vinyl fencing. Two units are occupied by Owner/family and two units occupied by tenants. Each unit is separately metered for gas and electricity, and tenants are billed for water by the management company. Property is connected to sewer.

Last Agent to Sell the Property

Emelie Kwon

NAI Capital, Inc. License #01820996 Listed on: 07/17/2023

Last Buyer's Agent

Emelie Kwon

NAI Capital, Inc. License #01820996 Listed on: 07/17/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.5 Acre Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,960 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 303
  • Tax Tract Number 4287
  • Assessor Parcel Number 0441102020000
  • $736 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,187
  • Trash Expense $262
  • Water Sewer Expense $1,745
  • Operating Expense $38,328
  • Gross Income $42,084
  • Net Operating Income $27,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1745.00
  • Zoning: 93/6
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0441102020000
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 196.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 262.00

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000
  • Latitude Manual: 34.53750000

Multi Family

  • Gross Income: 42084.00
  • Gross Scheduled Income: 42084.00
  • Insurance Expense: 1187.00
  • Lot Size Area: 21780.0000 Square Feet
  • Net Operating Income: 27800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14200.00
  • Rent Control: No
  • Total Expenses: 38328.00

Tax Info

  • Tax Census Tract: 97.27
  • Tax Lot: 303
  • Tax Tract Number: 4287
  • TaxOtherAnnualAssessmentAmount: 736.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
Lee Yi Hsuan
Bought by
Derich Capital Llc
Current Estimated Value
$849,200

Purchase Details

Listed on
Jul 17, 2023
Closed on
Aug 22, 2023
Sold by
Chong En
Bought by
Lee Yi
Seller's Agent
Emelie Kwon
NAI Capital, Inc.
Buyer's Agent
Emelie Kwon
NAI Capital, Inc.
List Price
$780,000
Sold Price
$780,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$585,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2023
Closed on
Jul 26, 2023
Sold by
Song-Ran Kristina Kwon Living Trust and Kwon Song-Ran Kristina
Bought by
Lee Yi
Seller's Agent
Emelie Kwon
NAI Capital, Inc.
Buyer's Agent
Emelie Kwon
NAI Capital, Inc.
List Price
$780,000
Sold Price
$780,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2009
Sold by
Federal National Mortgage Association
Bought by
Kwon Song Ran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,675
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2007
Sold by
Ramos Joe L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 8, 2006
Sold by
Paez Carlos and Paez Sara
Bought by
Ramos Joe L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2005
Sold by
Cortez Margarita
Bought by
Paez Carlos and Paez Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2004
Sold by
Stearns Hazel M
Bought by
Cortez Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2002
Sold by
Busailah Mohammad Y and Busailah Edna
Bought by
Stearns Hazel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
6.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Derich Capital Llc -- None Listed On Document
Lee Yi -- Chicago Title
Lee Yi $780,000 Chicago Title
Song-Ran Kristina Kwon Living Trust -- Chicago Title
Kwon Song Ran $125,000 Lawyers Title Company
Federal National Mortgage Association $531,062 Landsafe
Ramos Joe L $650,000 Gateway Title Co
Paez Carlos $580,000 Gateway Title
Cortez Margarita $400,000 First American
Stearns Hazel M $155,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Yi $585,000
Previous Owner Kwon Song Ran $93,675
Previous Owner Ramos Joe L $496,000
Previous Owner Paez Carlos $440,000
Previous Owner Cortez Margarita $320,000
Previous Owner Stearns Hazel M $108,500
Closed Cortez Margarita $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2023 08/23/23 Sold $780,000 0.0% $197 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $780,000 -- $197 / 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 $9,182 $795,600 $81,600 $714,000
2024 $9,182 $780,000 $80,000 $700,000
2023 $2,222 $154,963 $12,407 $142,556
2022 $2,185 $151,925 $12,164 $139,761
2021 $2,135 $148,946 $11,925 $137,021
2020 $2,105 $147,419 $11,803 $135,616
2019 $2,065 $144,529 $11,572 $132,957
2018 $2,015 $141,695 $11,345 $130,350
2017 $1,983 $138,917 $11,123 $127,794
2016 $1,717 $136,193 $10,905 $125,288
2015 $1,689 $134,147 $10,741 $123,406
2014 $1,664 $131,520 $10,531 $120,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD23131476

California Regional Multiple Listing Service (CRMLS)

APN: 0441-102-02