NOT LISTED FOR SALE

5513 Adobe Rd Twentynine Palms, CA 92277

1 Bed
1 Bath
4,128 Sq Ft
0.37 Acres

Last Sold January 14, 2022

Last sale price $950,000 $230 Per Sq Ft

26 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of January 2022

8 Detached units. All new windows, mini splits, tankless water heaters. Most units have new floors/cabinets. Great floor plan. Nice size bedroom, living room, dining and kitchen Great rental record, always full. Eligible for vacation rental AIRBND as the units are detached, City previous issued a vacation rental permit. Some of the units are furnished and ready to AIRBNB.

Last Agent to Sell the Property

Steve Enochs

Coldwell Banker Roadrunner License #01209428 Listed on: 07/01/2021

Coldwell Banker Roadrunner

Last Buyer's Agent

Ryan Smith

Better Realty Group License #01334440

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 4,128 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Additional Features

  • Suburban Location
  • Aerobic Septic System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2752
  • Assessor Parcel Number 0621151010000

Community Details

Overview

  • No Home Owners Association
  • 9 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,919
  • Electric Expense $9,022
  • Fuel Expense $1,315
  • Insurance Expense $1,100
  • Maintenance Expense $5,088
  • Professional Management Expense $4,000
  • Trash Expense $839
  • Water Sewer Expense $710
  • Operating Expense $23,993
  • Net Operating Income $62,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 6.40
  • Professional Management Expense: 4000.00
  • Property Attached: No
  • Water Sewer Expenses: 710.00
  • Property Type: Residential Income
  • Parcel Number: 0621151010000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 230.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Aerobic Septic
  • Trash Expense: 839.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16218.00
  • Lot Size Acres: 0.3723

Multi Family

  • Average1 Bed Area: 516 Square Feet
  • Cable TV Expense: 1919.00
  • Electric Expense: 9022.00
  • Fuel Expense: 1315.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 16218.0000 Square Feet
  • Maintenance Expense: 5088.00
  • Net Operating Income: 62407.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 23993.00
  • Rent Control: No
  • Total Expenses: 23993.00

Tax Info

  • Tax Census Tract: 104.22
  • Tax Lot: 1
  • Tax Tract Number: 2752

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 Change Sq Ft Price
01/14/2022 01/14/22 Sold $950,000 -2.6% $230 / Sq Ft
07/01/2021 07/01/21 For Sale $975,000 0.0% $236 / Sq Ft
03/26/2018 03/26/18 Rented $750 0.0% --
02/01/2018 02/01/18 For Rent $750 0.0% --
05/25/2017 05/25/17 Sold $300,000 -3.2% $73 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $310,000 -- $75 / 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: JT21138782

California Regional Multiple Listing Service (CRMLS)