NOT LISTED FOR SALE
9 Beds
5 Baths
4,800 Sq Ft
0.67 Acres

Last Sold June 09, 2017

Last sale price $405,000 $84 Per Sq Ft

25 Days on Market

About This Home

As of June 2017

Coldwell Banker Commercial is pleased to present this 5 unit investment opportunity in Apple Valley. The property consists of under market rents due to two tenants that have lived on the property for over 10+ years. Talk about stable tenants.

This property will be a great addition to any investors portfolio.

Last Agent to Sell the Property

Jason Lamoreaux

COLDWELL BANKER COMMERCIAL RE License #01461062 Listed on: 02/07/2017

COLDWELL BANKER COMMERCIAL RE

Last Buyer's Agent

Jorge Tejada

J&C REAL ESTATE License #01813208

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.67 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 4,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 0441084050000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $225
  • Insurance Expense $1,200
  • Professional Management Expense $3,086
  • Trash Expense $2,885
  • Water Sewer Expense $1,432
  • Operating Expense $16,831
  • Gross Income $43,380
  • Net Operating Income $25,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Professional Management Expense: 3085.90
  • Property Attached: Yes
  • Water Sewer Expenses: 1431.70
  • Zoning: 93/6
  • Property Type: Residential Income
  • Parcel Number: 0441084050000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 84.38

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Trash Expense: 2884.80
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 29250.00

Multi Family

  • Electric Expense: 225.00
  • Gross Income: 43380.00
  • Gross Scheduled Income: 43380.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 25247.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 16831.00
  • Rent Control: No
  • Total Actual Rent: 3615.00
  • Total Expenses: 16831.00

Tax Info

  • Tax Census Tract: 97.16

Range of Values:

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Sold Price
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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
06/09/2017 06/09/17 Sold $405,000 -10.0% $84 / Sq Ft
03/04/2017 03/04/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $450,000 -- $94 / 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: CV17025574

California Regional Multiple Listing Service (CRMLS)