NOT LISTED FOR SALE
12 Beds
12 Baths
5,916 Sq Ft
0.48 Acres

Last Sold June 30, 2017

Last sale price $575,000 $97 Per Sq Ft

59 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Tile Countertops
  • Corner Lot
  • Built-In Features
  • Laundry Room

About This Home

As of June 2017

Building consists of 6-2 bedroom 1.5 baths, Fireplace, kitchen has built ins, adjoining dining area with sliding glass patio doors that lead to an enclosed patio. Garage entrance from patio has laundry hook ups. Close to shopping Hwy 18. Have been raising rents on turn over and have them up to $875.00 they are not stabilized. BUYER to cooperate with 1031 Exchange at no expense to them. New roof being installed 4 new air conditioner/heaters installed 2016. Two others are scheduled in 4 weeks. Owner is licensed California Real Estate Agent. Grass has been replaced with rocks and bushes have been removed. If rents were stalized to $875.00 monthly , annual Gross Scheduled Income would increase to $63,000.00. BUYER and BUYERS AGENT to satisfy square footage of building. DO NOT DISTURB TENANTS Property is to be sold AS IS.

Last Agent to Sell the Property

Myrna Allen

Real Estate Connection License #00341475 Listed on: 04/08/2017

Co-Listed By

Melody Pike

DOUBLE P REALTY License #01861648

Last Buyer's Agent

Jenny Thorson

WeTrust Realty License #01761795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1986

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 110x87x17x161
  • Desert faces the front of the property
  • Two or More Common Walls
  • Rural Setting
  • West Facing Home
  • Fenced
  • Fence is in average condition
  • Corner Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,916 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 232
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441252010000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 21 Units
  • Built by Schultz

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $143
  • Insurance Expense $2,800
  • Maintenance Expense $18,852
  • Trash Expense $1,986
  • Water Sewer Expense $6,097
  • New Taxes Expense $7,020
  • Operating Expense $18,040
  • Gross Income $53,865
  • Net Operating Income $35,012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,253

Year Built

Built in 1986

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 6.50
  • Other Phone Description: 7145280657
  • Other Phone Number: 7145280657
  • Price Per Unit: 99166
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Country Club Manor
  • View: No
  • Water Sewer Expenses: 6097.00
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0441252010000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Tile Counters
  • Stories: 2
  • Entry Location: Living Rooom
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 97.19
  • Room Type: All Bedrooms Up, Entry, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Builder Name: Schultz
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Unassigned, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1986.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Desert Front, Lot 20000-39999 Sqft, Level
  • Lot Size: 110x87x17x161
  • Lot Size Sq Ft: 20900.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 143.10
  • Gross Multiplier: 11.04
  • Gross Operating Income: 53865.00
  • Gross Scheduled Income: 56700.00
  • Gross Spendable Income: 35012.00
  • Insurance Expense: 2800.00
  • Maintenance Expense: 18852.00
  • Maintenance Percent: 35.00
  • Net Operating Income: 35012.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 21
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Operating Expense: 18852.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 4725.00
  • Total Expenses: 18040.00
  • Vacancy Allowance: 2835
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7020.00
  • Tax Area: 0021056
  • Tax Census Tract: 97.16
  • Taxes Percent: 99.99
  • Tax Lot: 232
  • Tax Rate: 1.50
  • Tax Tract Number: 4112
  • Tax Annual Amount: 3253.03
  • Tax Year: 2016

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 List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $575,000 -3.4% $97 / Sq Ft
06/06/2017 06/06/17 Pending -- -- --
04/08/2017 04/08/17 For Sale $595,000 -- $101 / 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: PW17054710

California Regional Multiple Listing Service (CRMLS)