Michael Mucino
CAMDEN MCKAY REALTY
(909) 341-1278
129 Total Sales
5 in High Desert
$55K - $480K Price Range
17935 Quantico Rd Apple Valley, CA 92307
High Desert Neighborhood
5
Beds
4
Baths
20,800
Sq Ft
0.76
Acre Lot
Highlights
- Private Pool
- No HOA
- Laundry Room
- Mountain View
- Balcony
- Foothills
About This Home
As of May 2019Riverview Apartments consists of (16) 2 Bd/2Ba units and (4) 3 Bd/2 Ba townhouse style units. The units average over 1,000 sq. ft., and all units have a large balcony or patio. The 2 Bd/2 Ba units also include a tub and kitchen pantry. The building features a large courtyard and newly renovated pool. Each unit has 1 car port space, which includes a lockable storage unit, and there is ample open parking on site. At the list price, the going in cap rate is 6.10% (based on the 2017 Actual Collected Income). There is significant rent upside achieved by bringing the rents to market, as well as an extremely high occupancy history. The property (approximately 7 miles from Victorville) boasts amazing views of the valley and the San Bernardino Mountains. The below rents are based off the current average rent/unit for the 2 Bd/2 Ba and 3 Bd/2 Ba units.
The full Offering Memorandum is included as an attachment to this listing.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 12/12/2018
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 33,000 Sq Ft Lot
- Two or More Common Walls
- Paved or Partially Paved Lot
- Density is 16-20 Units/Acre
Parking
- 20 Car Garage
- 40 Open Parking Spaces
- Parking Available
- Driveway
Property Views
- Mountain
- Valley
Home Design
- Property Attached
Interior Spaces
- 20,800 Sq Ft Home
- 2-Story Property
- Laundry Room
Kitchen
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Outdoor Features
- Private Pool
- Balcony
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 29
- Tax Tract Number 4944
- Assessor Parcel Number 0473156010000
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 20 Units
- Foothills
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Professional Management Expense $12,868
- New Taxes Expense $25,243
- Operating Expense $83,500
- Gross Income $217,353
- Net Operating Income $133,853
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
Dec 12, 2018
Closed on
May 30, 2019
Sold by
The Marciniak Family Trust
Bought by
Seller's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,195,000
Sold Price
$2,070,000
Premium/Discount to List
-$125,000
-5.69%
Purchase Details
Closed on
Jul 18, 2008
Sold by
Marciniak Richard B and Marciniak Barbara D
Bought by
Marciniak Richard B and Marciniak Barbara D
Purchase Details
Closed on
Nov 19, 2002
Sold by
Turoci Todd and Turoci Julie
Bought by
Messner Paul S and Messner Lopa G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.28%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2001
Sold by
Messner Paul S and Messner Lopa G
Bought by
Turoci Todd
Home Values in the Area
Average Home Value in this Area
Agents Specializing in High Desert, CA
-
Michael Mucino
-
Sal Salinas
Sal Salinas
RE/MAX Galaxy
(323) 827-7679
50 Total Sales
1 in High Desert
$465,000 Price
-
Carol Smith
Carol Smith
Keller Williams Realty Phelan
(951) 477-4123
239 Total Sales
9 in High Desert
$30K - $510K Price Range
-
Rudy Cantoran
Rudy Cantoran
KW The Lakes
(562) 317-6034
66 Total Sales
3 in High Desert
$385K - $515K Price Range
-
Curtis Hurst
Curtis Hurst
KELLER WILLIAMS VICTOR VALLEY
(442) 219-7503
54 Total Sales
16 in High Desert
$85K - $575K Price Range
-
Jane Xue Li
Jane Xue Li
Coldwell Banker Envision
(626) 693-3275
40 Total Sales
1 in High Desert
$525,000 Price
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 |
|---|---|---|---|
| $2,070,000 | Fidelity National Title | ||
| Marciniak Richard B | -- | None Available | |
| Messner Paul S | -- | Diversified Title & Escrow S | |
| Marciniak Richard B | $965,000 | Diversified Title & Escrow S | |
| Turoci Todd | $50,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $800,000 | ||
| Previous Owner | Marciniak Richard B | $850,000 | |
| Previous Owner | Marciniak Richard B | $675,000 |
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 |
|---|---|---|---|---|
| 05/31/2019 05/31/19 | Sold | $2,070,000 | 0.0% | $100 / Sq Ft |
| 03/31/2019 03/31/19 | Off Market | $2,070,000 | -- | -- |
| 12/12/2018 12/12/18 | For Sale | $2,195,000 | -- | $106 / 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 | $15,898 | $1,177,654 | $56,892 | $1,120,762 |
| 2025 | $15,898 | $1,154,562 | $55,776 | $1,098,786 |
| 2024 | $15,468 | $1,131,923 | $54,682 | $1,077,241 |
| 2023 | $27,552 | $1,109,729 | $53,610 | $1,056,119 |
| 2022 | $32,201 | $2,175,940 | $52,559 | $2,123,381 |
| 2021 | $26,514 | $2,133,274 | $51,528 | $2,081,746 |
| 2020 | $26,183 | $2,111,400 | $51,000 | $2,060,400 |
| 2019 | $16,222 | $1,213,316 | $39,599 | $1,173,717 |
| 2018 | $15,833 | $1,189,526 | $38,823 | $1,150,703 |
| 2017 | $15,605 | $1,166,202 | $38,062 | $1,128,140 |
| 2016 | $14,127 | $1,143,336 | $37,316 | $1,106,020 |
| 2015 | $13,913 | $1,126,162 | $36,755 | $1,089,407 |
| 2014 | $13,723 | $1,104,102 | $36,035 | $1,068,067 |
Source: Public Records
Agents Affiliated with this Home
-
Martin Ensbury
Seller's Agent in 2019
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
(310) 376-4600
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19001881
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.
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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