Seller's Agent in 2020
Bradley Petersen
Pay It Forward Realty
(714) 855-8184
50 Total Sales
207 N 11th St Las Vegas, NV 89101
Downtown Las Vegas Neighborhood
1
Bed
2
Baths
9,555
Sq Ft
0.48
Acres
Highlights
- 0.48 Acre Lot
- Cooling Available
- Vinyl Flooring
- No HOA
- Laundry Room
- Heating Available
About This Home
As of January 2020SEE ATTACHED OM
207th N 11th Street (30 studio units and a single 1/1)
APN 139-35-211-053
1108 East Ogden Ave (1 SFR and parking lot)
APN 139-35-211-054
-PIQ is located in the OPPORTUNITY ZONE for huge tax incentives.
-30 Studio units plus an attached 1/1 manager unit plus a 1/1 SFR (32 Total Units)
-Units are considered Single Room Occupancy (SRO) meaning each studio has a full size refrigerator, but no kitchen sink and no stove. Microwaves are allowed. There is a community kitchen.
-Ogden 1/1 is 682 SF and 11th Street are 31 units and approx. 9,000 living SF
-Close to Zappos HQ and downtown Container Park in the East Fremont District
-Recently completed Environmental Phase 1 Report in Feb 2019
-Recently completed Property Inspection report in March 2019.
-Current owner has owned since 2008.
-16 tenants have been there more than one year with the longest tenant occupying since 2008
-100% Occupancy
-VCT Flooring
-Original Electric and plumbing
-Foam Roof completed between 2009-2010
-Currently appr. 10 parking spots but could be over 20 if lot was cleared.
-2 separate parcels sold together
-.48 acres for both lots
-Owner pays all utilities and basic furnishings.
-Year Built: 11th Street (31 Unit Main Building) built in 1963 and Ogden (1/1 SFR) was built in 1930
-Community Laundry room profits approx. $100 per month
-Wall mounted PTAC units for heat and AC in each unit.
-No Assumable Loan and Owner not willing to carry a note.
Last Agent to Sell the Property
Pay It Forward Realty License #01724042 Listed on: 05/23/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,672
Year Built
- Built in 1963
Lot Details
- 0.48 Acre Lot
- No Common Walls
- Density is 31-35 Units/Acre
- 13935211054
Home Design
- Foam Roof
Interior Spaces
- 9,555 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Sewer Paid
Listing and Financial Details
- Assessor Parcel Number 13935211053
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 32 Units
Amenities
- Laundry Facilities
Building Details
- 32 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Cable TV Expense $3,504
- Electric Expense $15,382
- Fuel Expense $1,862
- Insurance Expense $5,769
- Maintenance Expense $16,000
- Pest Control $7,320
- Professional Management Expense $11,328
- Trash Expense $3,612
- Water Sewer Expense $12,080
- New Taxes Expense $5,407
- Operating Expense $82,264
- Gross Income $227,760
- Net Operating Income $130,702
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2018
Closed on
Jan 3, 2020
Sold by
Cerrito Bd Llc
Bought by
Escape Resorts Inc
Seller's Agent
Bradley Petersen
Pay It Forward Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,750,000
Sold Price
$1,900,000
Premium/Discount to List
$150,000
8.57%
Purchase Details
Closed on
Dec 24, 2007
Sold by
Deluxe Investments Llc
Bought by
Cerrito Bd Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,950
Interest Rate
6.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 1, 2005
Sold by
Court Carlyle Inc
Bought by
Delux Investments
Purchase Details
Closed on
Jun 23, 2004
Sold by
Henkin Howard
Bought by
Court Carlyle Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Escape Resorts Inc | $1,900,000 | Lawyers Title Of Nevada Inc | |
| Cerrito Bd Llc | $1,108,500 | Titleone | |
| Delux Investments | $1,100,000 | Lawyers Title Of Nevada | |
| Court Carlyle Inc | $750,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cerrito Bd Llc | $775,950 | |
| Previous Owner | Court Carlyle Inc | $590,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2020 01/24/20 | Sold | $1,900,000 | +8.6% | $199 / Sq Ft |
| 06/17/2019 06/17/19 | Pending | -- | -- | -- |
| 05/23/2018 05/23/18 | For Sale | $1,750,000 | -- | $183 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $30,672 | $1,036,412 | $489,388 | $547,024 |
| 2024 | $6,461 | $1,036,412 | $489,388 | $547,024 |
| 2023 | $5,477 | $219,547 | $119,350 | $100,197 |
| 2022 | $6,461 | $204,858 | $113,925 | $90,933 |
| 2021 | $5,983 | $195,138 | $108,500 | $86,638 |
| 2020 | $5,552 | $192,047 | $108,500 | $83,547 |
| 2019 | $5,203 | $189,897 | $108,500 | $81,397 |
| 2018 | $4,965 | $187,454 | $108,500 | $78,954 |
| 2017 | $5,788 | $176,560 | $97,650 | $78,910 |
| 2016 | $4,646 | $152,119 | $75,950 | $76,169 |
| 2015 | $4,638 | $139,679 | $65,100 | $74,579 |
| 2014 | $4,494 | $133,013 | $65,100 | $67,913 |
Source: Public Records
Agents Affiliated with this Home
-
Bradley Petersen
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,002 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18122047
APN: 139-35-201-009
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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