$300,000
SOLD MAY 25, 2017

5513 Adobe Rd Twentynine Palms, CA 92277

8 Beds
8 Baths
4,128 Sq Ft
0.37 Acres

Recently Sold

$73 Per Sq Ft

3% Below List Price

2 Days on Market

Highlights

  • Near a National Forest
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Evaporated cooling system
  • Fenced

About This Home

As of January 2022

8 individual houses with carports in the back of units along Siesta. Each unit has it's own individual address.. Owner pays water, trash and electric. There are individual electric meters if the owner wants to read them monthly and then charge the tenatns. Tenants pay for the natural gas. Seven of the units are rented. The vacant unit needs some electric work. Some deferred maintenance. There is coin op laundry on the premises.

Last Agent to Sell the Property

DV THOMPSON

Triad REALTORS® License #01123800 Listed on: 04/05/2017

Last Buyer's Agent

DV THOMPSON

Triad REALTORS® License #01123800 Listed on: 04/05/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Fenced
  • Stucco Fence
  • Density is 2-5 Units/Acre

Home Design

  • 4,128 Sq Ft Home
  • Interior Block Wall

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 2752
  • Assessor Parcel Number 0621151010000

Community Details

Overview

  • No Home Owners Association
  • 8 Buildings
  • 36 Units
  • Near a National Forest

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,733
  • Insurance Expense $2,500
  • Other Expense $9,400
  • Professional Management Expense $2,600
  • Trash Expense $659
  • Water Sewer Expense $625
  • New Taxes Expense $5,644
  • Operating Expense $24,831
  • Gross Income $29,130
  • Net Operating Income $12,426

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Price Per Unit: 38750
  • Professional Management Expense: 2600.00
  • Property Attached: No
  • Subdivision Name Other: Ben Hunter Tract
  • Water Sewer Expenses: 625.00
  • Property Type: Residential Income
  • Parcel Number: 0621151010000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Block Walls
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 72.67

Exterior Features

  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Trash Expense: 659.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Blm/National Forest

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16218.00

Rental Info

  • Tenant Pays: Cable TV, Gas, Telephone

Multi Family

  • Electric Expense: 3733.00
  • Gross Income: 29130.00
  • Gross Scheduled Income: 29130.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 12426.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 36
  • Operating Expense: 16687.00
  • Other Expense: 9400.00
  • Other Expense Description: repairs
  • Rent Control: No
  • Total Expenses: 24831.00

Tax Info

  • New Taxes Expense: 5644.00
  • Tax Lot: 1
  • Tax Tract Number: 2752

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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: JT17070238

California Regional Multiple Listing Service (CRMLS)