NOT LISTED FOR SALE

Estimated Value: $697,001 - $831,000

8 Beds
8 Baths
3,584 Sq Ft
$212/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $430,000 $120 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,465/month

72 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • Level Lot
  • Laundry Room

About This Home

As of December 2019

Here is a excellent opportunity to own a great investment multiple unit property in the city of Apple Valley. This unique multiunit offers not only 2 bedrooms but also 2 baths washer and dryer hook ups in each unit plus a one car garage. All units are currently occupied with a option to either live in one unit as a owner occupant or rent out all four units. Complex was recently painted along with newly installed roll up garage doors. This property is ready for your offer! ***Offer subject to cancellation of previous escrow***

Last Agent to Sell the Property

ADAM MONTES

INTEGRITY PROPERTY SERVICES License #01296459 Listed on: 08/28/2019

Last Buyer's Agent

Gilberto Brambila

Aria Realty Group License #02021023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,655

Year Built

  • Built in 1985

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Flag Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Parking Lot

Home Design

  • 3,584 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 297
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441251040000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Valley

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $705
  • Trash Expense $1,680
  • Water Sewer Expense $1,440
  • New Taxes Expense $7,425
  • Operating Expense $938
  • Gross Income $2,200
  • Net Operating Income $15,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,655

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 0441251040000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 119.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage - Single Door, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Flag Lot, Level
  • Lot Size Sq Ft: 17836.00
  • Lot Size Acres: 0.4095

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 705.00
  • Lot Size Area: 17836.0000 Square Feet
  • Net Operating Income: 15150.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 11250.00
  • Rent Control: No
  • Total Expenses: 938.00

Tax Info

  • New Taxes Expense: 7425.00
  • Tax Census Tract: 97.16
  • Tax Lot: 297
  • Tax Tract Number: 4112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Ray Hernandez Adam
Bought by
Arh Holding & Development Inc
Current Estimated Value
$761,500

Purchase Details

Listed on
Aug 28, 2019
Closed on
Dec 4, 2019
Sold by
Hernandez Elizabeth Anne
Bought by
Hernandez Adam Ray
Seller's Agent
ADAM MONTES
INTEGRITY PROPERTY SERVICES
Buyer's Agent
Gilberto Brambila
Aria Realty Group
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$301,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2019
Closed on
Nov 15, 2019
Sold by
Kilpatrick Keith Thomas
Bought by
Hernandez Adam Ray
Seller's Agent
ADAM MONTES
INTEGRITY PROPERTY SERVICES
Buyer's Agent
Gilberto Brambila
Aria Realty Group
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jun 19, 2014
Sold by
Bangert Edward A
Bought by
Kilpatrick Keith Thomas
Seller's Agent
Richard Bounce
BOUNCE REALTY
Buyer's Agent
ADAM MONTES
INTEGRITY PROPERTY SERVICES
List Price
$275,000
Sold Price
$256,000
Premium/Discount to List
-$19,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$256,000
Interest Rate
4.16%
Mortgage Type
VA

Purchase Details

Closed on
Jun 29, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
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
Arh Holding & Development Inc -- None Listed On Document
Hernandez Adam Ray -- Wfg National Title Company
Hernandez Adam Ray $430,000 Wfg National Title Company
Kilpatrick Keith Thomas $256,000 Fidelity National Title Co
Home Svgs Of America Fsb $179,544 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Adam Ray $301,000
Previous Owner Kilpatrick Keith Thomas $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2019 12/12/19 Sold $430,000 -2.1% $120 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $439,000 0.0% $122 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $439,000 +71.5% $122 / Sq Ft
07/24/2014 07/24/14 Sold $256,000 -6.9% $71 / Sq Ft View Prior Sale
06/09/2014 06/09/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $275,000 -- $77 / 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 $5,655 $470,267 $38,278 $431,989
2024 $5,655 $461,046 $37,527 $423,519
2023 $5,601 $452,006 $36,791 $415,215
2022 $5,515 $443,144 $36,070 $407,074
2021 $5,390 $434,455 $35,363 $399,092
2020 $5,323 $281,329 $27,474 $253,855
2019 $6,853 $275,812 $26,935 $248,877
2018 $7,426 $270,404 $26,407 $243,997
2017 $6,623 $265,102 $25,889 $239,213
2016 $3,179 $259,904 $25,381 $234,523
2015 $3,131 $146,747 $27,954 $118,793
2014 $1,895 $143,872 $27,406 $116,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19206525

California Regional Multiple Listing Service (CRMLS)

APN: 0441-251-04