NOT LISTED FOR SALE

Estimated Value: $603,000 - $827,000

6 Beds
3 Baths
2,430 Sq Ft
$277/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2022

Last sale price $620,000 $255 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,274 / mo

74 Days on Market

About This Home

As of June 2022

The Juniper Apartments are located at the major cross streets of Main Street and Santa Fe Avenue. The property is composed of all 2 bedroom / 1 bath units that are approximately 810 sqft. The tenants are awarded with garage parking, additional storage, and private patios. The Juniper Apartments are located just minutes from Desert Valley Hospital which is one of the top accredited hospitals in the nation and Victor Valley College. The centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. The property is blocks away from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. Hesperia's desert climate provides year-round access to many outdoor recreational activities. The city of Hesperia has a population of almost 100,000 citizens. The largely diverse population is known for its working class and businesses. Hesperia is just minutes from the Cajon Pass, providing a minimal commute time to the nearby Ontario, San Bernardino, and Riverside areas. The growing population has prompted an increase in business growth throughout the city.
This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, and without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.

Last Agent to Sell the Property

Darren Correa

LE INVESTMENT GROUP License #02066621 Listed on: 02/03/2022

Last Buyer's Agent

Darren Correa

LE INVESTMENT GROUP License #02066621 Listed on: 02/03/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 8,591 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 2,430 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 56
  • Assessor Parcel Number 0407294170000
  • $1,094 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,035
  • Maintenance Expense $2,619
  • Other Expense $900
  • Trash Expense $1,980
  • Water Sewer Expense $1,440
  • New Taxes Expense $6,121
  • Operating Expense $14,095
  • Gross Income $54,000
  • Net Operating Income $38,285

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

8,591 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 6.39
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 0407294170000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 255.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Conventional Septic
  • Trash Expense: 1980.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8591.00
  • Lot Size Acres: 0.1972

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 810 Square Feet
  • Gross Income: 54000.00
  • Gross Multiplier: 11.09
  • Gross Operating Income: 52380.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1035.00
  • Lot Size Area: 8591.0000 Square Feet
  • Maintenance Expense: 2619.00
  • Net Operating Income: 38285.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14095.00
  • Other Expense: 900.00
  • Other Expense Description: admin
  • Rent Control: Yes
  • Total Expenses: 14095.00

Tax Info

  • New Taxes Expense: 6121.00
  • Tax Block: 56
  • Tax Census Tract: 100.14
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 1094.00

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

Listed on
Feb 3, 2022
Closed on
Jun 1, 2022
Sold by
Bought by
Seller's Agent
Darren Correa
LE INVESTMENT GROUP
Buyer's Agent
Darren Correa
LE INVESTMENT GROUP
List Price
$599,000
Sold Price
$620,000
Premium/Discount to List
$21,000
3.51%
Current Estimated Value
$673,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,173
Avg. Annual Appreciation
2.01%
Original Mortgage
$390,000
Interest Rate
0.0511%
Mortgage Type
Balloon

Purchase Details

Listed on
Feb 3, 2022
Closed on
May 26, 2022
Sold by
Bought by
Seller's Agent
Darren Correa
LE INVESTMENT GROUP
Buyer's Agent
Darren Correa
LE INVESTMENT GROUP
List Price
$599,000
Sold Price
$620,000
Premium/Discount to List
$21,000
3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
0.0511%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 11, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,250
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
0.0443%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 16, 1996
Sold by
Bought by
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

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
-- Ticor Title
$620,000 Ticor Title
$311,000 Orange Coast Ttl Co Of Socal
-- United 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
Open $390,000
Previous Owner $233,250
Previous Owner $133,000
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
06/07/2022 06/07/22 Sold $620,000 +3.5% $255 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $599,000 -- $247 / 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 $7,266 $671,107 $64,945 $606,162
2025 $7,266 $657,948 $63,672 $594,276
2024 $7,100 $645,048 $62,424 $582,624
2023 $7,023 $632,400 $61,200 $571,200
2022 $3,571 $317,220 $30,600 $286,620
2021 $1,094 $88,509 $14,752 $73,757
2020 $2,481 $87,602 $14,601 $73,001
2019 $2,450 $85,885 $14,315 $71,570
2018 $1,044 $84,201 $14,034 $70,167
2017 $1,027 $82,550 $13,759 $68,791
2016 $1,007 $80,931 $13,489 $67,442
2015 $996 $79,715 $13,286 $66,429
2014 $984 $78,154 $13,026 $65,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22021736

California Regional Multiple Listing Service (CRMLS)

APN: 0407-294-17

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