NOT LISTED FOR SALE

7454 Elk Trail Yucca Valley, CA 92284

2 Beds
1 Bath
6,676 Sq Ft
0.65 Acres

Last Sold February 10, 2015

Last sale price $275,000 $41 Per Sq Ft

59 Days on Market

Highlights

  • Evaporated cooling system
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2015

This is a nice bank repo that can be bought at an incredible $40,625 per unit. Due to the foreclosure, most tenants left during foreclosure and only two remain in unit's 2 & 6. The existing tenants are paying a market $600 per month. These units are large and functional, with each unit ranging in size from 816 SF to 890 SF. The vacant units need some work, but that mainly involves paint, carpet replacement, window dressing, cabinet touch up, and a few holes in the drywall. All units are ceiling swamp cooled and wall heated. Private carports for all units. Also, community laundry room at complex. Due to vacancy level, conventional financing isn't possible so only short term cash or hard money offers will be considered. Still, fully performing, this property performs at a rare 5.64 Gross Rent Multiplier. Fully performing operating expenses are unknown since subject was taken back with a 25% occupancy so an accurate cap rate could not be figured. Please see supplements for aerial, site plan, and rent roll. At this price, this fine complex can be converted to a keeper at great returns!

Last Agent to Sell the Property

Tony Burton

Burton Commercial, Inc. License #01014173 Listed on: 11/30/2014

Last Buyer's Agent

Tony Burton

Burton Commercial, Inc. License #01014173 Listed on: 11/30/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.65 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 11 Parking Spaces

Home Design

  • 6,676 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Sewer on Bond

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 164
  • Tax Tract Number 2865
  • Assessor Parcel Number 0586342030000

Community Details

Overview

  • 3 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0586342030000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 41.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer On Bond
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 28500.00
  • Lot Size Acres: 0.6540

Multi Family

  • Gross Income: 4800.00
  • Gross Multiplier: 5.64
  • Gross Scheduled Income: 57600.00
  • Lot Size Area: 28500.0000 Square Feet
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Rent Control: No

Tax Info

  • Tax Lot: 164
  • Tax Tract Number: 2865
  • Tax Year: 2013

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
02/10/2015 02/10/15 Sold $275,000 -15.4% $41 / Sq Ft
01/28/2015 01/28/15 Pending -- -- --
11/30/2014 11/30/14 For Sale $325,000 -- $49 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tony Burton

    Burton Commercial, Inc.

    (951) 375-7433

    5 Total Sales

    Tony Burton
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15018209

California Regional Multiple Listing Service (CRMLS)

California San Bernardino County Yucca Valley 92284

7454 Elk Trail, Yucca Valley, CA

This home is located at 7454 Elk Trail, Yucca Valley, CA 92284 since 30 November 2014. This property was built in 1979. 7454 Elk Trail is a home located in San Bernardino County with nearby schools including Yucca Valley Elementary School, La Contenta Middle School, and Yucca Valley High School.

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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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