$752,888
SOLD AUG 24, 2018
16 Beds
8 Baths
7,192 Sq Ft
0.61 Acres

Recently Sold

$105 Per Sq Ft

1% Below List Price

39 Days on Market

Highlights

  • City Lights View
  • Central Heating and Cooling System
  • 1-Story Property
  • Laundry Room

About This Home

As of August 2018

This property is very well maintained with 100% occupied located in Apple Valley.
The property consists of 8 Units, each units features two- bedrooms and one bathroom along with detached garage and each units has own storage room. There is plenty of additional parking available for the tenants and their guests. Each units has little backyard.
Property are being sold as-is, each units are occupied and rented at $700, $725 and $750 to be raised to $800-$900 / month. Each Unit is metered separately for electricity and gas. Water and Trash are paid by the landlord. Each unit is 900 Sq ft. Separate laundry room for tenants.
Unit # 1,3,5,6 & 8 are remolded with granite counter top in Kitchen and laminate floor. Most units has newer water heater.
Seller decided to fix the asphalt portion of the parking lots in the front of the apartments.

Last Agent to Sell the Property

Raj Patel

AMERICAN CREDIT MORTGAGE, INC. License #01924411 Listed on: 05/24/2018

Last Buyer's Agent

Phillip Nguyen

First Galaxy Inc License #01375417

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.61 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 7,192 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 3382
  • Assessor Parcel Number 0473042170000

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Fuel Expense $215
  • Insurance Expense $3,312
  • Trash Expense $4,543
  • Water Sewer Expense $3,547
  • New Taxes Expense $5,770
  • Operating Expense $17,784
  • Gross Income $69,000
  • Net Operating Income $51,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3547.00
  • Property Type: Residential Income
  • Parcel Number: 0473042170000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 104.68

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 4543.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 26574.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 400.00
  • Fuel Expense: 215.00
  • Gross Income: 69000.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 3312.00
  • Net Operating Income: 51216.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 17784.00
  • Other Income Description: $2400/yrs est laundry income
  • Rent Control: No
  • Total Actual Rent: 69000.00
  • Total Expenses: 17784.00

Tax Info

  • New Taxes Expense: 5770.00
  • Tax Census Tract: 97.15
  • Tax Lot: 25
  • Tax Tract Number: 3382

Range of Values:

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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 Change Sq Ft Price
05/29/2025 05/29/25 For Sale $1,400,000 +86.0% $194 / Sq Ft
08/24/2018 08/24/18 Sold $752,888 -0.8% $105 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $758,888 -- $106 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18123303

California Regional Multiple Listing Service (CRMLS)