NOT LISTED FOR SALE
6 Beds
3 Baths
5,425 Sq Ft
0.92 Acres

Last Sold February 14, 2020

Last sale price $715,000 $132 Per Sq Ft

168 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near public transit
  • 6 Car Direct Access Garage
  • Mountain View
  • No HOA
  • Laundry Room

About This Home

As of February 2020

6 Unit Apartment building in desirable Desert Knolls location, very close to the Lewis Center, St. Mary's Hospital and all services. Restaurants, shops, and great commuter location with close access to Highway 18. Long term tenants in turn key units featuring granite counters in the kitchen, 2 large bedrooms all in good condition throughout. Each unit has a private yard area and small storage shed included. Ample parking in the complex and room to add additional units making this a great investment. Separate laundry room for the tenants. Income is good at $4700 per month ($56,400 per year). Expenses are low with long term ownership and there is room for rent improvement with no rent control. This apartment offering is a great investment!

Last Agent to Sell the Property

Wendi Velasco

FIRST TEAM REAL ESTATE License #01255354 Listed on: 08/30/2019

FIRST TEAM REAL ESTATE

Last Buyer's Agent

Steven Bremer

STEVEN BREMER, BROKER License #01854408

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.92 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Driveway
  • Parking Lot

Property Views

  • Mountain
  • Desert

Home Design

  • Ranch Style House
  • Apartment
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5,425 Sq Ft Home
  • Sliding Doors
  • Storage
  • Laundry Room
  • Fire and Smoke Detector
  • Free-Standing Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Private Water Source
  • Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 45
  • Tax Tract Number 4994

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $471
  • Fuel Expense $252
  • Insurance Expense $1,448
  • Other Expense $4,866
  • Trash Expense $3,875
  • Water Sewer Expense $1,763
  • New Taxes Expense $2,659
  • Operating Expense $15,334
  • Gross Income $51,090
  • Net Operating Income $35,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1763.00
  • Architectural Style: Ranch
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 131.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • View: Desert, Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Asphalt, Parking Space
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 3875.00
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 20000-39999 Sqft, Level, Near Public Transit, Paved, Sprinkler System
  • Lot Size Sq Ft: 39900.00
  • Lot Size Acres: 0.9160

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average Studio Area: 904 Square Feet
  • Electric Expense: 471.00
  • Fuel Expense: 252.00
  • Gross Income: 51090.00
  • Gross Scheduled Income: 51090.00
  • Insurance Expense: 1448.00
  • Lot Size Area: 39900.0000 Square Feet
  • Net Operating Income: 35756.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 15334.00
  • Other Expense: 4866.00
  • Rent Control: No
  • Total Actual Rent: 4700.00
  • Total Expenses: 15334.00

Tax Info

  • New Taxes Expense: 2659.00
  • Tax Lot: 45
  • Tax Tract Number: 4994

Range of Values:

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Value Increase
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Adjusted for Inflation
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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
02/14/2020 02/14/20 Sold $715,000 -10.1% $132 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
08/30/2019 08/30/19 For Sale $795,000 -- $147 / 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 $9,577 $781,957 $65,619 $716,338
2024 $9,310 $766,624 $64,332 $702,292
2023 $9,222 $751,593 $63,071 $688,522
2022 $9,081 $736,856 $61,834 $675,022
2021 $8,875 $722,408 $60,622 $661,786
2020 $2,774 $175,201 $29,199 $146,002
2019 $2,722 $171,765 $28,626 $143,139
2018 $2,659 $168,397 $28,065 $140,332
2017 $2,618 $165,095 $27,515 $137,580
2016 $2,227 $161,857 $26,975 $134,882
2015 $2,193 $159,426 $26,570 $132,856
2014 $2,162 $156,304 $26,050 $130,254
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19208260

California Regional Multiple Listing Service (CRMLS)