NOT LISTED FOR SALE

Estimated Value: $475,000 - $548,059

6 Beds
3 Baths
2,448 Sq Ft
$211/Sq Ft Est. Value

Last Sold March 28, 2018

Last sale price $312,500 $128 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,032/month

227 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Evaporated cooling system
  • 3 Car Garage
  • 1-Story Property

About This Home

As of March 2018

Well maintained 3-unit investment opportunity! Located in a desirable part of Apple Valley. All single level units are 2bedroom, 1bath, largest unit has a fireplace for those chilly winter nights. All units have their own evaporative coolers, share a laundry room and open courtyard with large pine tree. Property has room to make a large yard or garden area for the units that backs up to Yucca Loma Elementary school/Yucca Loma Park. Roof is in good shape, exterior was recently repainted and looks great, sewer line was recently replaced as well. Triplex is located towards the end of a cul-de-sac and has views of the local mountains! Each unit has access to their own garage, with plenty of additional parking. This property has positive cash-flow and is a great investment. Tenants in-place and ready for their new landlord. Priced well! Call us today to setup a showing appointment..To Be Sold " AS IS", please do not disturb tenants, buyers agent to verify all information.

Last Agent to Sell the Property

CRYSTAL LAIR

OAK HILLS VALLEY REAL ESTATE License #01919623 Listed on: 07/21/2017

Last Buyer's Agent

Julio Carrasco

Century 21 Allstars License #01256604

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

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

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Parking Lot
  • Unassigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,448 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Central Air
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas
  • Tax Lot 3463
  • Tax Tract Number 3641
  • Assessor Parcel Number 3087301110000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $50
  • Other Expense $350
  • Trash Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $1,281
  • Operating Expense $1,200
  • Gross Income $3,600
  • Net Operating Income $25,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 3087301110000
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 127.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, On Site, Parking Space, Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20900.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas

Multi Family

  • Average2 Bed Area: 816 Square Feet
  • Electric Expense: 50.00
  • Garage Income: 1800.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 27000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 150.00
  • Net Operating Income: 25000.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 2000.00
  • Operating Expense Percent: 12.50
  • Other Expense: 350.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 27000.00
  • Total Expenses: 1200.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 1281.00
  • Tax Census Tract: 97.10
  • Tax Lot: 3463
  • Tax Tract Number: 3641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Mar 15, 2018
Sold by
Liv Wolstein Rebecca
Bought by
Stephanie Investment
Seller's Agent
CRYSTAL LAIR
OAK HILLS VALLEY REAL ESTATE
Buyer's Agent
Julio Carrasco
Century 21 Allstars
List Price
$350,000
Sold Price
$312,500
Premium/Discount to List
-$37,500
-10.71%
Current Estimated Value
$516,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,515
Avg. Annual Appreciation
6.63%

Purchase Details

Closed on
Aug 9, 2016
Sold by
Williams Gilbert Bryan
Bought by
Welstein Rebecca Lynn

Purchase Details

Closed on
Jan 18, 2012
Sold by
Wolstein Rebecca
Bought by
Liv Wolstein Rebecca and Liv Rebecca Wolstein Revocable

Purchase Details

Closed on
Mar 25, 2009
Sold by
Citibank Na
Bought by
Williams Gil and Wolstein Rebecca

Purchase Details

Closed on
Dec 9, 2008
Sold by
Johnson William A
Bought by
Citibank Na

Purchase Details

Closed on
Mar 3, 2006
Sold by
Johnson William A
Bought by
Johnson William A and Johnson Miriam D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Johnson Miriam D
Bought by
Johnson William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2004
Sold by
Zuniga Noel
Bought by
Johnson William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2001
Sold by
Zuniga Noel
Bought by
Zuniga Noel and The Noel Zuniga Living Trust

Purchase Details

Closed on
May 30, 1997
Sold by
Zuniga Leticia
Bought by
Zuniga Noel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
7.61%

Purchase Details

Closed on
May 19, 1997
Sold by
Workman Martha J
Bought by
Zuniga Noel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
7.61%

Purchase Details

Closed on
May 15, 1996
Sold by
Workman Martha Jane
Bought by
Workman Martha Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,100
Interest Rate
7.8%

Purchase Details

Closed on
Mar 15, 1996
Sold by
Workman Martha Jane
Bought by
Workman Martha Jane and Martha Jane Workman Living Tru

Purchase Details

Closed on
Jan 27, 1995
Sold by
Workman Martha Jane
Bought by
Workman Martha Jane and Martha Jane Workman Living Tru

Purchase Details

Closed on
Apr 27, 1994
Sold by
Benson Frank D
Bought by
Workman Martha Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stephanie Investment $316,500 First American Title Company
Welstein Rebecca Lynn -- None Available
Wolstein Rebecca Lynn -- None Available
Liv Wolstein Rebecca -- None Available
Williams Gil $87,500 Chicago Title Company
Citibank Na $312,441 None Available
Johnson William A -- Accommodation
Johnson William A -- Gateway Title Co
Johnson William A -- Fidelity Nationaltitle Co
Johnson William A $315,000 Fidelity Nationaltitle Co
Zuniga Noel -- --
Zuniga Noel F -- Commonwealth Land Title Co
Zuniga Noel F $65,000 Commonwealth Land Title Co
Workman Martha Jane -- Continental Lawyers Title Co
Workman Martha Jane -- Continental Title
Workman Martha Jane -- --
Workman Martha Jane $80,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson William A $287,000
Previous Owner Johnson William A $252,000
Previous Owner Zuniga Noel F $45,500
Previous Owner Workman Martha Jane $51,100
Previous Owner Workman Martha Jane $50,000
Closed Johnson William A $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2018 03/28/18 Sold $312,500 -2.3% $128 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/08/2018 02/08/18 Price Changed $320,000 -5.9% $131 / Sq Ft
10/02/2017 10/02/17 Price Changed $340,000 -2.9% $139 / Sq Ft
07/21/2017 07/21/17 For Sale $350,000 -- $143 / 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 $4,315 $360,120 $23,892 $336,228
2024 $4,315 $353,059 $23,424 $329,635
2023 $4,274 $346,137 $22,965 $323,172
2022 $4,209 $339,350 $22,515 $316,835
2021 $4,113 $332,697 $22,074 $310,623
2020 $4,062 $329,286 $21,848 $307,438
2019 $3,987 $322,830 $21,420 $301,410
2018 $2,190 $161,715 $21,518 $140,197
2017 $2,158 $158,544 $21,096 $137,448
2016 $1,281 $95,185 $21,757 $73,428
2015 $1,261 $93,755 $21,430 $72,325
2014 $1,244 $91,918 $21,010 $70,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17180126

California Regional Multiple Listing Service (CRMLS)

APN: 3087-301-11