NOT LISTED FOR SALE

18864 Del Mano Ct Adelanto, CA 92301

Estimated Value: $656,000 - $782,000

8 Beds
4 Baths
3,596 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $400,000 $111 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,049/month

52 Days on Market

Highlights

  • 0.41 Acre Lot
  • Evaporated cooling system
  • Laundry Room
  • Corner Lot
  • Living Room
  • Tile Flooring

About This Home

As of June 2020

BACK ON THE MARKET! Buyer couldn?t qualify. GREAT Investment Opportunity fully rented with great tenants in place. This property is a 4 unit property with with two separate buildings. All 4 units come with a one car garage and an additional parking space for each of the units. Two of the 4 units were fully renovated in 2019 increasing the rents for a great NOI. The other two units can be remodeled increasing the rents and providing a higher NOI too. The units have washer hookups inside the apartments.

Last Agent to Sell the Property

Juan Jara

AMBIANCE REALTY License #01926014 Listed on: 03/28/2020

Last Buyer's Agent

Juan Jara

AMBIANCE REALTY License #01926014 Listed on: 03/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,884

Year Built

  • Built in 1987

Lot Details

  • 0.41 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 3,596 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Panel Doors
  • Living Room
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 6854
  • Assessor Parcel Number 0459084490000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $850
  • Professional Management Expense $4,115
  • Trash Expense $864
  • Water Sewer Expense $2,698
  • New Taxes Expense $2,600
  • Operating Expense $7,677
  • Gross Income $38,400
  • Net Operating Income $30,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,884

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4115.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2698.00
  • Property Type: Residential Income
  • Parcel Number: 0459084490000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 111.23
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 864.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 17859.00
  • Lot Size Acres: 0.4100

Rental Info

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

Multi Family

  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 850.00
  • Lot Size Area: 17859.0000 Square Feet
  • Net Operating Income: 30723.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7677.00
  • Rent Control: No
  • Total Actual Rent: 38400.00
  • Total Expenses: 7677.00

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Census Tract: 91.16
  • Tax Lot: 1
  • Tax Tract Number: 6854

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2020
Closed on
May 21, 2020
Sold by
Jara Ruby
Bought by
Jara Juan Rafael
Seller's Agent
Juan Jara
AMBIANCE REALTY
Buyer's Agent
Juan Jara
AMBIANCE REALTY
List Price
$394,900
Sold Price
$400,000
Premium/Discount to List
$5,100
1.29%
Current Estimated Value
$695,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,732
Avg. Annual Appreciation
10.81%
Original Mortgage
$392,755
Outstanding Balance
$348,035
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$347,697

Purchase Details

Listed on
Feb 11, 2018
Closed on
Sep 13, 2018
Sold by
Huang Kiet Siu and Chen Brenda Bao
Bought by
Herrera Vicente and Herrera Norma P
Seller's Agent
Lanny Sutedja
Homequest Real Estate
Buyer's Agent
Juan Jara
AMBIANCE REALTY
List Price
$330,000
Sold Price
$325,000
Premium/Discount to List
-$5,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%
Original Mortgage
$243,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2018
Closed on
Sep 10, 2018
Sold by
Rojas Belzabeth
Bought by
Rojas Jose Enrique
Seller's Agent
Lanny Sutedja
Homequest Real Estate
Buyer's Agent
Juan Jara
AMBIANCE REALTY
List Price
$330,000
Sold Price
$325,000
Premium/Discount to List
-$5,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2017
Closed on
Feb 10, 2017
Sold by
Baker Ronald E
Bought by
Huang Kiet Siu and Chen Brenda Bao
Seller's Agent
Ambrosio Acosta
1St Class Realty
Buyer's Agent
Lanny Sutedja
Homequest Real Estate
List Price
$269,900
Sold Price
$269,000
Premium/Discount to List
-$900
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$169,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2015
Sold by
Golden Star Investment Properties Llc
Bought by
Baker Ronald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,459
Interest Rate
3.94%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 2010
Sold by
Bank Of America National Association
Bought by
Golden Star Investment Properties Llc

Purchase Details

Closed on
Oct 13, 2010
Sold by
Tawil Lina F
Bought by
Bank Of America National Association

Purchase Details

Closed on
Oct 5, 2004
Sold by
Stearns Hazel M
Bought by
Tawil Lina F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2002
Sold by
Hardy William C and Hardy Eleanor E
Bought by
Stearns Hazel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.97%

Purchase Details

Closed on
Jun 13, 2002
Sold by
Campbell Willie
Bought by
The Hardy Family Trust and The Eugene & Regina C Segale Living Tr

Purchase Details

Closed on
Oct 10, 2001
Sold by
Campbell Dorothy J
Bought by
Campbell Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.91%

Purchase Details

Closed on
Sep 6, 2001
Sold by
Hud
Bought by
Campbell Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.91%

Purchase Details

Closed on
Apr 7, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Apr 6, 2000
Sold by
Alvarez Louie
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Feb 19, 1999
Sold by
Tarango Robert A and Tarango Stacey L
Bought by
Alvarez Louie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,994
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1997
Sold by
Colton David G and Colton Christy L
Bought by
Tarango Robert A

Purchase Details

Closed on
Jan 23, 1997
Sold by
Tarango Robert A
Bought by
Colton David G and Colton Christy L

Purchase Details

Closed on
Nov 23, 1996
Sold by
Montachez George C
Bought by
Tarango Robert A

Purchase Details

Closed on
Apr 25, 1996
Sold by
Hernandez Alex
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 6, 1994
Sold by
Federal National Mortgage Association
Bought by
Hernandez Alex

Purchase Details

Closed on
May 12, 1994
Sold by
Attorneys Equity National Corp
Bought by
Federal National Mortgage Association
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
Jara Juan Rafael -- Pacific Coast Title
Jara Juan Rafael $400,000 Pacific Coast Title
Herrera Vicente $325,000 Pacific Coast Title
Rojas Jose Enrique -- Pacific Coast Title
Huang Kiet Siu $269,000 Pacific Coast Title Company
Baker Ronald E -- North American Title Company
Golden Star Investment Properties Llc $86,000 Ticor Title Company
Bank Of America National Association $115,817 Accommodation
Tawil Lina F $300,000 First American
Stearns Hazel M $130,000 Stewart Title Company
The Hardy Family Trust $95,079 --
Campbell Willie -- Ati Title Company
Campbell Willie $61,500 Ati Title Company
Hud -- Stewart Title
Chase Manhattan Mtg Corp $135,087 Stewart Title
Alvarez Louie $123,000 Chicago Title Co
Tarango Robert A -- Chicago Title Insurance Co
Colton David G -- --
Tarango Robert A -- --
Federal National Mortgage Association $62,225 American Title Ins Co
Hernandez Alex $77,500 First American Title Ins Co
Federal National Mortgage Association $110,809 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jara Juan Rafael $392,755
Previous Owner Herrera Vicente $243,750
Previous Owner Huang Kiet Siu $169,000
Previous Owner Baker Ronald E $186,459
Previous Owner Tawil Lina F $240,000
Previous Owner Stearns Hazel M $63,000
Previous Owner Campbell Willie $85,000
Previous Owner Alvarez Louie $121,994
Closed Tawil Lina F $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2020 06/09/20 Sold $400,000 +1.3% $111 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $394,900 0.0% $110 / Sq Ft
05/02/2020 05/02/20 Pending -- -- --
04/28/2020 04/28/20 Price Changed $394,900 -1.3% $110 / Sq Ft
04/14/2020 04/14/20 Price Changed $399,900 -3.6% $111 / Sq Ft
04/06/2020 04/06/20 For Sale $414,888 +3.7% $115 / Sq Ft
04/02/2020 04/02/20 Off Market $400,000 -- --
03/28/2020 03/28/20 For Sale $414,888 +27.7% $115 / Sq Ft
09/20/2018 09/20/18 Sold $325,000 -1.5% $90 / Sq Ft View Prior Sale
08/15/2018 08/15/18 Pending -- -- --
08/02/2018 08/02/18 Price Changed $330,000 0.0% $92 / Sq Ft
08/02/2018 08/02/18 For Sale $330,000 +1.5% $92 / Sq Ft
05/29/2018 05/29/18 Off Market $325,000 -- --
05/18/2018 05/18/18 For Sale $350,000 0.0% $97 / Sq Ft
05/01/2018 05/01/18 Price Changed $350,000 0.0% $97 / Sq Ft
05/01/2018 05/01/18 For Sale $350,000 -2.8% $97 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
03/21/2018 03/21/18 Pending -- -- --
02/11/2018 02/11/18 For Sale $360,000 +33.8% $100 / Sq Ft
03/20/2017 03/20/17 Sold $269,000 -0.3% $75 / Sq Ft View Prior Sale
02/08/2017 02/08/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $269,900 +42.8% $75 / Sq Ft
01/05/2016 01/05/16 Sold $189,000 -5.5% $53 / Sq Ft View Prior Sale
09/23/2015 09/23/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $199,900 -- $56 / 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 $4,884 $437,460 $87,493 $349,967
2024 $4,884 $428,882 $85,777 $343,105
2023 $4,838 $420,472 $84,095 $336,377
2022 $4,748 $412,227 $82,446 $329,781
2021 $5,026 $404,144 $80,829 $323,315
2020 $4,037 $331,500 $20,400 $311,100
2019 $4,010 $325,000 $20,000 $305,000
2018 $3,491 $274,380 $15,300 $259,080
2017 $2,445 $193,698 $15,300 $178,398
2016 $1,375 $108,226 $16,234 $91,992
2015 $1,325 $106,600 $15,990 $90,610
2014 $1,313 $104,512 $15,677 $88,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20065496

California Regional Multiple Listing Service (CRMLS)

APN: 0459-084-49