NOT LISTED FOR SALE

20296 Zuni Rd Apple Valley, CA 92307

High Desert Neighborhood

Estimated Value: $720,720 - $913,000

2 Beds
2 Baths
4,464 Sq Ft
$178/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $699,000 $157 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,887/month

Highlights

  • Corner Lot
  • Tile Flooring
  • 8 Car Garage
  • Laundry Room
  • Central Heating and Cooling System
  • Front Yard

About This Home

As of June 2022

PRIDE OF OWNERSHIP shows all around this amazing investment opportunity. This great cashflowing 4 unit complex has had all the major upgrades done already! The buyer will enjoy brand new roofing on both buildings, updated landscaping, freshly painted eaves, newer water heaters, and regularly serviced HVAC units with upgraded ducting. This property consists of 4 total units with 2 bedroom 2 baths, each having a 2 car garage. Each tenant gets their own laundry hookups, private LANDSCAPED backyard with patio cover, and fireplace. Spacious units are around 1100 square feet each and are hard to come by with this space and layout. Interior upgrades have been completed including tile flooring and one unit even upgraded with Quartz counters. Low maintenance property with all of the major items done, combined with great paying long term tenants make this a fantastic addition to your investment portfolio.

Last Agent to Sell the Property

Matthew Tierce

Valley Insured Property Management, Inc License #01915146 Listed on: 06/01/2022

Last Buyer's Agent

Matthew Tierce

Valley Insured Property Management, Inc License #01915146 Listed on: 06/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,646

Year Built

  • Built in 1986

Lot Details

  • 0.63 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 8 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 4,464 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 362
  • Tax Tract Number 4287
  • Assessor Parcel Number 0441103280000
  • $906 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $2,641
  • Water Sewer Expense $3,293
  • Operating Expense $5,934
  • Gross Income $48,960
  • Net Operating Income $43,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,646

Year Built

Built in 1986

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 174750
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3293.00
  • Property Type: Residential Income
  • Parcel Number: 0441103280000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 156.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage - Two Door
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2641.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Level with Street
  • Lot Size Sq Ft: 27478.00
  • Lot Size Acres: 0.6308

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 48960.00
  • Gross Scheduled Income: 48960.00
  • Lot Size Area: 27478.0000 Square Feet
  • Net Operating Income: 43026.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 5934.00
  • Rent Control: No
  • Total Expenses: 5934.00

Tax Info

  • Tax Census Tract: 97.27
  • Tax Lot: 362
  • Tax Tract Number: 4287
  • TaxOtherAnnualAssessmentAmount: 906.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 15, 2022
Sold by
Hsuan Lee Yi
Bought by
Derich Capital Llc
Seller's Agent
Matthew Tierce
Valley Insured Property Management, Inc
Buyer's Agent
Matthew Tierce
Valley Insured Property Management, Inc
List Price
$699,000
Sold Price
$699,000
Current Estimated Value
$794,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,430
Avg. Annual Appreciation
3.89%
Original Mortgage
$524,250
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 17, 2022
Sold by
En Chong
Bought by
Lee Yi Hsuan
Seller's Agent
Matthew Tierce
Valley Insured Property Management, Inc
Buyer's Agent
Matthew Tierce
Valley Insured Property Management, Inc
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 9, 2022
Sold by
Micalizzi Trust
Bought by
Lee Yi Hsuan
Seller's Agent
Matthew Tierce
Valley Insured Property Management, Inc
Buyer's Agent
Matthew Tierce
Valley Insured Property Management, Inc
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 1998
Sold by
Micalizzi Sebastian J and Micalizzi Peggy J
Bought by
Micalizzi Sebastian J and Micalizzi Peggy J
Source: Public Records

Range of Values:

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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
Derich Capital Llc -- None Listed On Document
Lee Yi Hsuan -- Stewart Title
Lee Yi Hsuan $699,000 Stewart Title
Micalizzi Sebastian J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Yi Hsuan $524,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $699,000 0.0% $157 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $699,000 -- $157 / 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 $8,646 $741,785 $116,733 $625,052
2024 $8,646 $727,240 $114,444 $612,796
2023 $8,566 $712,980 $112,200 $600,780
2022 $3,939 $300,354 $42,787 $257,567
2021 $3,850 $294,465 $41,948 $252,517
2020 $3,801 $291,446 $41,518 $249,928
2019 $3,731 $285,731 $40,704 $245,027
2018 $3,641 $280,129 $39,906 $240,223
2017 $3,589 $274,637 $39,124 $235,513
2016 $3,297 $269,252 $38,357 $230,895
2015 -- $265,208 $37,781 $227,427
2014 $3,203 $260,013 $37,041 $222,972
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Matthew Tierce

    Valley Insured Property Management, Inc

    (760) 240-9535

    10 in this area

    16 Total Sales

    Matthew Tierce
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD22112890

California Regional Multiple Listing Service (CRMLS)

APN: 0441-103-28

California San Bernardino County Apple Valley 92307 High Desert

20296 Zuni Rd, Apple Valley, CA

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