NOT LISTED FOR SALE

15774 Tuscola Rd Apple Valley, CA 92307

High Desert Neighborhood
6 Beds
3 Baths
23,826 Sq Ft
1.38 Acres

Last Sold July 06, 2016

Last sale price $1,770,000 $74 Per Sq Ft

93 Days on Market

Highlights

  • No Units Above
  • 1.38 Acre Lot
  • 38 Car Garage

About This Home

As of July 2016

The Tuscola Townhomes are a pride of ownership 19 (2+1.5 bath), 1988-built apartment complex in the Desert Knolls area of Apple Valley located within 1 mile of St Mary's Hospital. The Tuscola Townhomes are comprised of 19 spacious 1250+ sq. ft., 2 bedroom + 1.5 bathroom town homes with attached double-car garages and private patios connecting garages and apartments with actual rents ranging between 850-900. All units have separate hot water heaters, central AC/Heat, washer dryer hook-ups and separate tenant gas & electric meters. The Tuscola Townhomes are ideally located in the Desert Knolls area with quick access to the 15 freeway and within 1 mile of St Mary Hospital and surrounding medical employment centers/retail amenities. Priced to sell at a 6.61 cap on actual rents with an equalized cap rate of 7.1 with all units rented at $900-Strong Rental Upside!! **The Tuscola townhomes are being offered as part of a 34 unit/3 property Apple Valley portfolio with the following addresses: 9U-19161 Allegheny Rd; and 6U-15340 Ute Rd. - 34U Portfolio boasts all two bedroom units, 1980s+ construction, priced well-below replacement value and 100% occupied. Properties can be purchased separately of together as a portfolio**

Last Agent to Sell the Property

Ed Diaz

Vanguard Property Group License #01022469 Listed on: 04/17/2016

Last Buyer's Agent

Henry Chuang

HENRY CHUANG, BROKER License #01838832

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 1.38 Acre Lot
  • No Units Above
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 38 Car Garage
  • Parking Available

Home Design

  • 23,826 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 4492
  • Assessor Parcel Number 0473111070000

Community Details

Overview

  • 3 Buildings
  • 19 Units

Building Details

  • 38 Leased Units
  • 20 Separate Electric Meters
  • 2 Separate Water Meters
  • Electric Expense $880
  • Insurance Expense $4,993
  • Maintenance Expense $9,000
  • Professional Management Expense $4,560
  • Trash Expense $12,060
  • Water Sewer Expense $8,974
  • New Taxes Expense $22,755
  • Gross Income $16,325
  • Net Operating Income $122,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

38

Listing Details

  • CapRate: 6.63
  • Professional Management Expense: 4560.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8974.00
  • Property Type: Residential Income
  • Parcel Number: 0473111070000
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Levels: Two
  • Price Per Square Foot: 74.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 38.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 76.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 12060.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 59992.00
  • Price Per Lot Square Foot: 29.50
  • Lot Size Acres: 1.3770

Multi Family

  • Electric Expense: 880.00
  • Gross Income: 16325.00
  • Gross Multiplier: 9.40
  • Gross Scheduled Income: 195900.00
  • Insurance Expense: 4993.00
  • Lot Size Area: 59992.0000 Square Feet
  • Maintenance Expense: 9000.00
  • Net Operating Income: 122708.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 38
  • Number Of Units Total: 19
  • Operating Expense: 63397.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 16325.00
  • Vacancy Allowance: 9795
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 22755.00
  • Tax Lot: 28
  • Tax Tract Number: 4492

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2016 07/06/16 Sold $1,770,000 -4.3% $74 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
02/28/2016 02/28/16 For Sale $1,850,000 -- $78 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ed Diaz

    Seller's Agent in 2016

    Ed Diaz

    Vanguard Property Group

    (714) 900-0169

    29 Total Sales

    Ed Diaz
    Section Image

  • H

    Buyer's Agent in 2016

    Henry Chuang

    HENRY CHUANG, BROKER

    (760) 586-1143

    3 Total Sales

    Henry Chuang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041109

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Apple Valley 92307 High Desert

15774 Tuscola Rd, Apple Valley, CA

This home is located at 15774 Tuscola Rd, Apple Valley, CA 92307 since 17 April 2016. This property was built in 1988. 15774 Tuscola Rd is a home located in San Bernardino County with nearby schools including Desert Knolls Elementary School, Granite Hills High School, and Academy for Academic Excellence.

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.

California Regional Multiple Listing Service (CRMLS) 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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