NOT LISTED FOR SALE

61963 Grand View Cir Joshua Tree, CA 92252

2 Beds
1 Bath
4,818 Sq Ft
0.51 Acres

Last Sold July 28, 2016

Last sale price $305,000 $63 Per Sq Ft

6 Days on Market

Highlights

  • No Units Above
  • Panoramic View
  • Modern Architecture
  • All Bedrooms Downstairs
  • Property is near a park
  • Corner Lot

About This Home

As of July 2016

This 6 Units Income Residential Property is Located just a block from Highway and walking distance from all Downtown Joshua Tree Businesses. Property offers Positive Cash Flow with 9.26 Cap Rate and 7.80 Gross Multiplier. Each Unit offers 2 Bedrooms, Kitchen with Appliances and 1 Bathroom with Bathtub. Each Unit has it's own Electric and Gas Meter. 2 Parking Spaces for Each Unit. Coin Operated Laundry. Corner Lot.

Last Agent to Sell the Property

Andy Patel

Coldwell Banker Roadrunner License #01870067 Listed on: 05/24/2016

Last Buyer's Agent

David Alter

David Alter, Broker License #01096115

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.51 Acre Lot
  • Property fronts a county road
  • No Units Above
  • Two or More Common Walls
  • Rural Setting
  • Wood Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Property Views

  • Panoramic
  • Mountain
  • Neighborhood

Home Design

  • Modern Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,818 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Gas Cooktop
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 24 Parking Spaces
  • Parking Available
  • Paved Parking
  • Uncovered Parking
  • Parking Lot

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Tract Number 2556
  • Assessor Parcel Number 0603122210000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Professional Management Expense $4,104
  • Trash Expense $1
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,300
  • Gross Income $3,600
  • Net Operating Income $29,635

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 9.26
  • Professional Management Expense: 4104.00
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0603122210000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 63.30
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • View: Mountain(s), Neighborhood, Panoramic
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Parking Space, Uncovered
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Conventional Septic
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Features: Level, Rectangular Lot, Lot 20000-39999 Sqft, Park Nearby, Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 22420.00
  • Price Per Lot Square Foot: 13.60

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 3600.00
  • Gross Multiplier: 7.80
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 29635.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 11405.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4300.00
  • Tax Tract Number: 2556

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
07/28/2016 07/28/16 Sold $305,000 -4.7% $63 / Sq Ft
05/24/2016 05/24/16 For Sale $319,900 -- $66 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Andy Patel

    Coldwell Banker Roadrunner

  • D

    Buyer's Agent in 2016

    David Alter

    David Alter, Broker

    (760) 296-2204

    2 Total Sales

    David Alter
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT16111366

California Regional Multiple Listing Service (CRMLS)

APN: 0603-122-21

California San Bernardino County Joshua Tree 92252

61963 Grand View Cir, Joshua Tree, CA

This home is located at 61963 Grand View Cir, Joshua Tree, CA 92252 since 24 May 2016. This property was built in 1987. 61963 Grand View Cir is a home located in San Bernardino County with nearby schools including Joshua Tree Elementary School, La Contenta Middle School, and Yucca Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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