NOT LISTED FOR SALE
11 Beds
5 Baths
9,600 Sq Ft
0.65 Acre Lot

Sale Details

Date Sold: October 21, 2016

Last sale price $720,000 $75 Per Sq Ft

78 Days on Market

About This Home

As of October 2016

Fully occupied 10 unit apartment complex, located in one of the most desirable areas of the High Desert known as Desert Knolls. Walking distance to St. Mary Hospital and supporting medical business. The location is convenient and highly desirable due to the abundance of high paying medical service jobs and the close proximity to Highway 18 for an easy commute.
The Town of Apple Valley is located in the heart of the Victor Valley in the County of San Bernardino, at an elevation of 3,000 feet, in the region known as the “High Desert”. Apple Valley is strategically located 95 miles northeast of the Los Angeles metropolitan area, 140 miles north of San Diego, and 185 miles south of Las Vegas. The Town has 78 square miles in its incorporated boundaries, and a sphere of influence encompassing 200 square miles.
Directions: Highway 18 to Quantico. Property will be on South side of the street.

Last Agent to Sell the Property

Jason Lamoreaux

COLDWELL BANKER COMMERCIAL RE License #01461062 Listed on: 06/21/2016

COLDWELL BANKER COMMERCIAL RE

Last Buyer's Agent

Timothy Lewis

Elliot Lewis, Broker License #01877026

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 28,350 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 9 Car Garage

Home Design

  • 9,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 0473156030000

Community Details

Overview

  • 5 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,995
  • Net Operating Income $47,336

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.65 Acres

Parking

9

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0473156030000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 75.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 28350.00
  • Price Per Lot Square Foot: 27.87

Multi Family

  • Gross Income: 6995.00
  • Gross Scheduled Income: 83940.00
  • Net Operating Income: 47336.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 32407.00
  • Rent Control: No

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

Closed on
Jun 28, 2021
Sold by
White Star Capital Llc
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
$750,000
Outstanding Balance
$665,575
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2017
Sold by
Tyo Paul
Bought by
White Star Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,831
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 21, 2016
Closed on
Sep 24, 2016
Sold by
Tyo Becky Ann
Bought by
Tyo Paul
Seller's Agent
Jason Lamoreaux
COLDWELL BANKER COMMERCIAL RE
Buyer's Agent
Timothy Lewis
Elliot Lewis, Broker
List Price
$790,000
Sold Price
$720,000
Premium/Discount to List
-$70,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 21, 2016
Closed on
Sep 1, 2016
Sold by
Mlst Investment Llc
Bought by
Tyo Paul
Seller's Agent
Jason Lamoreaux
COLDWELL BANKER COMMERCIAL RE
Buyer's Agent
Timothy Lewis
Elliot Lewis, Broker
List Price
$790,000
Sold Price
$720,000
Premium/Discount to List
-$70,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2006
Sold by
Jurries Timothy J and Jurries Debbie A
Bought by
Mlst Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2005
Sold by
Brashears Kenneth and Brashears Tebessum
Bought by
Jurries Timothy J and Jurries Debbie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2003
Sold by
Nickel Kurt L and Nickel Carol Ann
Bought by
Brashears Kenneth and Brashears Tebessum

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,450,000 Chicago Title Company
White Star Capital Llc $850,000 Chicago Title Company
Tyo Paul -- Chicago Title Company
Tyo Paul $720,000 Chicago Title Co
Mlst Investment Llc $960,000 Itc
Jurries Timothy J $810,000 Southland Title Corporation
Brashears Kenneth $465,000 Southland Title Corporation
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 $750,000
Previous Owner White Star Capital Llc $364,831
Previous Owner White Star Capital Llc $637,500
Previous Owner Tyo Paul $520,000
Previous Owner Mlst Investment Llc $600,000
Previous Owner Jurries Timothy J $590,000
Previous Owner Brashears Kenneth $258,000
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
10/21/2016 10/21/16 Sold $720,000 -8.9% $75 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $790,000 -- $82 / 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 $18,416 $1,569,527 $119,068 $1,450,459
2025 $18,416 $1,538,752 $116,733 $1,422,019
2024 $17,898 $1,508,580 $114,444 $1,394,136
2023 $17,733 $1,479,000 $112,200 $1,366,800
2022 $14,344 $1,450,000 $110,000 $1,340,000
2021 $11,168 $893,502 $52,559 $840,943
2020 $11,029 $884,340 $52,020 $832,320
2019 $10,825 $867,000 $51,000 $816,000
2018 $9,548 $734,400 $34,680 $699,720
2017 $9,143 $720,000 $34,000 $686,000
2016 $9,055 $759,000 $31,600 $727,400
2015 $7,943 $660,000 $27,500 $632,500
2014 $7,308 $600,000 $25,000 $575,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16134104

California Regional Multiple Listing Service (CRMLS)
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