NOT LISTED FOR SALE

Estimated Value: $779,000 - $973,000

6 Beds
3 Baths
4,200 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: March 15, 2022

Last sale price $1,060,000 $252 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $5,540 / mo

15 Days on Market

Highlights

  • City Lights View
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

INVESTOR'S DREAM... Beautiful and well-maintained Fourplex on a half-acre in one of the most desired areas in the High Desert. These four 2-bedroom 2-bath units have a proven track record of easy rentability and low vacancy rates. Each unit has a stackable washer-dryer inside, adding to the desirability for current/future tenants. Private courtyard, amazing landscape, additional exterior lighting for added illumination, and the list goes on. One unit (Apt 4) is completely separate from the other 3 which is perfect for future AirBnb endeavors... Per seller, there may be potential for 2 additional units per the original plans because it was supposed to be a 6-plex at one time. There is a 6 single car detached garage in the back of the property with electric garage door openers inside of each one... Each garage is accessible via the courtyard, and the alley. This is definitely one that any investor would be happy and proud to have in their portfolio for a long-term return on their investment. Owner pays Water, Trash, and additional Exterior Lighting. PROPERTIES LIKE THIS ONE ARE HARD TO COME BY!

Last Agent to Sell the Property

Jerrad Schendel

Coldwell Banker Commercial Rea License #01971338 Listed on: 01/31/2022

Coldwell Banker Commercial Rea

Co-Listed By

Bob Basen

Coldwell Banker Commercial Rea License #00521368

Coldwell Banker Commercial Rea

Last Buyer's Agent

Bob Basen

Coldwell Banker Commercial Rea License #00521368

Coldwell Banker Commercial Rea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,756

Year Built

  • Built in 1985

Lot Details

  • 23,680 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 6 Car Garage

Property Views

  • City Lights
  • Mountain
  • Valley

Home Design

  • Frame Construction
  • Tile Roof

Interior Spaces

  • 4,200 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 172
  • Assessor Parcel Number 0473281080000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $2,800
  • Maintenance Expense $2,200
  • Net Operating Income $46,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,756

Year Built

Built in 1985

Lot Details

0.54 Acres

Parking

6

Listing Details

  • Road Surface Type: Paved
  • View: Yes
  • Zoning: Residential 3
  • Property Type: Residential Income
  • Parcel Number: 0473281080000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Appliances: Yes
  • Price Per Square Foot: 252.38

Exterior Features

  • View: Mountain(s), City Lights, Valley
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range, Oven, Dishwasher, Disposal
  • Heating Type: Natural Gas, Forced Air
  • Laundry Features: Inside, Washer Included, Dryer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Water, Trash, Sewer

Lot Info

  • Lot Features: Paved
  • Lot Size: 23680
  • Lot Size Sq Ft: 23680.00
  • Lot Size Acres: 0.5400

Multi Family

  • Gross Scheduled Income: 60420.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 23680.0000 Square Feet
  • Maintenance Expense: 2200.00
  • Net Operating Income: 46463.00
  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 172
  • Tax Tract: 7802
  • Tax Annual Amount: 5756.00

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
Jan 31, 2022
Closed on
Feb 18, 2022
Sold by
Bought by
Seller's Agent
Jerrad Schendel
Coldwell Banker Commercial Rea
Buyer's Agent
Bob Basen
Coldwell Banker Commercial Rea
List Price
$849,000
Sold Price
$1,060,000
Premium/Discount to List
$211,000
24.85%
Current Estimated Value
$879,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$180,271
Avg. Annual Appreciation
-4.22%
Original Mortgage
$637,500
Outstanding Balance
$594,562
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$285,167

Purchase Details

Closed on
Oct 27, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2018
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
$582,025
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Nov 3, 2017
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
$537,275
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Oct 20, 2017
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
$537,275
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Nov 21, 2012
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
$463,725
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2007
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
$483,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2007
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
$483,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2005
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
$332,500
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 1, 2005
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
$332,500
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 13, 2005
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
$332,500
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 26, 2001
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
$173,250
Interest Rate
7.09%

Purchase Details

Closed on
Jun 14, 1995
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
$850,000 Chicago Title
-- Chicago Title Company
-- Chicago Title Company
-- Nextitle A Title And Escrow
-- Stewart Title Company
$575,000 Stewart Title Company
-- None Available
-- None Available
-- Fidelity National Title Co
-- Fidelity National Title Co
-- --
-- --
-- --
-- Chicago Title Company
$231,000 Chicago Title Co
-- --
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 $637,500
Previous Owner $582,025
Previous Owner $537,275
Previous Owner $463,725
Previous Owner $483,000
Previous Owner $332,500
Previous Owner $173,250
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 Prior Sale
03/15/2022 03/15/22 Sold $1,060,000 +24.9% $252 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $849,000 +47.7% $202 / Sq Ft
01/12/2018 01/12/18 Sold $575,000 -10.0% $137 / Sq Ft View Prior Sale
10/23/2017 10/23/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $639,000 -- $152 / 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
2025 $9,795 $827,743 $74,285 $753,458
2024 $9,518 $811,512 $72,828 $738,684
2023 $9,432 $795,600 $71,400 $724,200
2022 $7,476 $616,517 $69,694 $546,823
2021 $5,756 $604,428 $68,327 $536,101
2020 $5,714 $598,230 $67,626 $530,604
2019 $5,619 $586,500 $66,300 $520,200
2018 $3,857 $299,923 $38,951 $260,972
2017 $3,803 $294,042 $38,187 $255,855
2016 $3,507 $288,276 $37,438 $250,838
2015 $3,454 $283,946 $36,876 $247,070
2014 $3,407 $278,384 $36,154 $242,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 542790

California Regional Multiple Listing Service (CRMLS)

APN: 0473-281-08

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