NOT LISTED FOR SALE

Estimated Value: $931,000 - $1,211,000

8 Beds
8 Baths
4,200 Sq Ft
$256/Sq Ft Est. Value

Last Sold February 13, 2024

Last sale price $1,035,000 $246 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,521/month

71 Days on Market

Highlights

  • Mountain View
  • Double Pane Windows
  • Laundry Room
  • Balcony
  • Walk-In Closet
  • Central Heating and Cooling System

About This Home

As of February 2024

Location Location Location! Welcome to the Upper Knolls, arguably the most sought-after area of Apple Valley and the entire High Desert. We've got a fantastic opportunity that's perfect for investors and dreamers alike – an easy-to-own and manage four-unit apartment building that's more than just a set of apartments; it's an invitation to a lifestyle. As you step into this charming building, you'll find four individual 2 bedroom, 2 bath apartments, each with its own unique character. Step into either of the master suites, and you'll immediately notice the walk-in closets along with built-in linen closets and private full bathrooms. It's like having your own personal oasis. With the bedrooms thoughtfully separated by the living room, you and your housemates can enjoy the much-desired privacy that makes apartment living feel like home. The U-shaped kitchens are perfect for culinary creativity. The open design allows you to interact with your guests while preparing meals. And in the corner of the living room, you'll find a working gas furnace – cozy and efficient, perfect for those cooler evenings. If you're in one of the two upper units, you're in for a special treat. A glass door slider opens to a shaded balcony, your own private haven to sip your morning coffee or watch the stars at night. And at the opposite end of the living area, there's a grand 15'x15' entertainment deck, where you can soak in the breathtaking views high up in Apple Valley Upper Knolls. It's a view you'll never tire of. Rest easy the owners have recently spent $20,000 in updates to these decks. Practicality meets convenience with secured one-car garages with automatic openers for all the units. All the units also have a parking spot in the driveway. No more hunting for parking when you come home after a long day. Plus, each unit comes with a washer-dryer combo unit, making laundry day a breeze. Now, let's talk investment potential. With four units at your disposal and the potential to add another 3 units to the lot, you have the opportunity to live in one unit and rent out the others. It's a fantastic way to offset your mortgage and create a source of passive income. The Upper Knolls is a sought-after location, and with $200,000 spent on recent updates like fresh new paint, updated flooring, newer windows, and one unit completely remodeled with new cabinets and Quartz counters, these apartments have broad appeal to a wide range of tenants.

Last Agent to Sell the Property

Edgar Serratos

All SoCal Homes License #01293628 Listed on: 11/06/2023

Last Buyer's Agent

Daniel de la mora

REALTY MASTERS & ASSOCIATES License #02024584

REALTY MASTERS & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,796

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 0.52 Acre Lot
  • No Common Walls
  • Wood Fence

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 226
  • Tax Tract Number 7802
  • Assessor Parcel Number 0473352020000
  • $1,605 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $100
  • Water Sewer Expense $400
  • Operating Expense $500
  • Gross Income $91,500
  • Net Operating Income $85,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,796

Year Built

Built in 1985 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 251250
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0473352020000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 246.43
  • Room Type: Living Room, Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Range Hood
  • Heating Type: Central
  • Laundry Features: In Closet, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 22555.00
  • Lot Size Acres: 0.5178

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 91500.00
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 700.00
  • Lot Size Area: 22555.0000 Square Feet
  • Net Operating Income: 85500.00
  • 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: 6000.00
  • Rent Control: No
  • Total Expenses: 500.00

Tax Info

  • Tax Census Tract: 121.01
  • Tax Lot: 226
  • Tax Tract Number: 7802
  • TaxOtherAnnualAssessmentAmount: 1605.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2023
Sold by
Wilson Rodney and Wilson Laurie
Bought by
Av Homes
Current Estimated Value
$1,076,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2006
Sold by
Spinks Theresa A
Bought by
Wilson Rodney and Wilson Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2003
Sold by
Spinks Daniel Edward and Spinks Theresa A
Bought by
Spinks Theresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1998
Sold by
Ba Properties Inc
Bought by
Doherty Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,840
Interest Rate
6.71%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 1998
Sold by
Manuel Darwin D and Manuel Matthew D
Bought by
Ba Properties Inc

Purchase Details

Closed on
Apr 22, 1996
Sold by
Manuel Darwin D
Bought by
Konsolidated Properties Corp
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
Av Homes $1,035,000 Ticor Title
Wilson Rodney $695,000 New Century Title Company
Spinks Theresa A -- United Title
Doherty Theresa $125,000 First American Title Ins Co
Ba Properties Inc $84,000 First American Title Ins Co
Konsolidated Properties Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Av Homes $525,000
Previous Owner Wilson Rodney $521,250
Previous Owner Spinks Theresa A $161,000
Previous Owner Doherty Theresa $123,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2024 02/13/24 Sold $1,035,000 +3.0% $246 / Sq Ft
01/06/2024 01/06/24 Price Changed $1,005,000 +1.0% $239 / Sq Ft
11/06/2023 11/06/23 For Sale $995,000 -- $237 / 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 $9,796 $1,055,700 $214,200 $841,500
2024 $9,796 $827,519 $164,190 $663,329
2023 $9,706 $811,293 $160,971 $650,322
2022 $9,558 $795,386 $157,815 $637,571
2021 $8,561 $717,900 $69,900 $648,000
2020 $8,158 $683,700 $66,600 $617,100
2019 $7,463 $621,500 $60,500 $561,000
2018 $6,788 $565,000 $55,000 $510,000
2017 $5,488 $445,200 $50,300 $394,900
2016 $5,024 $424,000 $47,900 $376,100
2015 $4,511 $378,600 $42,800 $335,800
2014 $4,472 $344,200 $38,900 $305,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23205975

California Regional Multiple Listing Service (CRMLS)

APN: 0473-352-02