Nathalie Marles
Berkshire Hathaway HomeServices Crest Real Estate
(747) 223-7083
72 Total Sales
1 in Yucca Valley
$735,000 Price
7454 Elk Trail Yucca Valley, CA 92284
Yucca Valley Area
2
Beds
1
Bath
6,676
Sq Ft
0.65
Acre Lot
Highlights
- Evaporated cooling system
- Laundry Facilities
- Wall Furnace
About This Home
As of February 2015This 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
Burton Commercial, Inc. License #01014173 Listed on: 11/30/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 28,500 Sq Ft 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
Outdoor Features
- Rain Gutters
Utilities
- Evaporated cooling system
- Wall Furnace
- Sewer on Bond
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 26, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 30, 2014
Closed on
Feb 6, 2015
Sold by
Bought by
Seller's Agent
Tony Burton
Burton Commercial, Inc.
Buyer's Agent
Tony Burton
Burton Commercial, Inc.
List Price
$325,000
Sold Price
$275,000
Premium/Discount to List
-$50,000
-15.38%
Purchase Details
Closed on
Aug 4, 2014
Sold by
Bought by
Purchase Details
Closed on
Oct 29, 2004
Sold by
Bought by
Purchase Details
Closed on
Sep 24, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 18, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
6.4%
Mortgage Type
Commercial
Purchase Details
Closed on
May 30, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 8, 2001
Sold by
Bought by
Purchase Details
Closed on
Sep 14, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,750
Interest Rate
7.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 1998
Sold by
Bought by
Purchase Details
Closed on
Apr 7, 1998
Sold by
Bought by
Purchase Details
Closed on
Mar 2, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Yucca Valley, CA
-
Nathalie Marles
-
Gene Hays
Gene Hays
Keller Williams Luxury Homes
(760) 539-9012
40 Total Sales
2 in Yucca Valley
$180,000 Price Range
-
Jorge Deleon
Jorge Deleon
eXp Realty of California Inc.
(805) 973-9591
23 Total Sales
1 in Yucca Valley
$1,065,000 Price
-
Carlos Ortega
Carlos Ortega
C 21 Coachella Valley RE
(760) 387-8512
119 Total Sales
1 in Yucca Valley
$335,000 Price
-
David Landeros
David Landeros
West Associates
(424) 414-6547
14 Total Sales
1 in Yucca Valley
$245,000 Price
-
Heidi Cafarella
Heidi Cafarella
Esquire Realty
(858) 302-4052
86 Total Sales
1 in Yucca Valley
$305,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $275,000 | Stewart Title Company | ||
| $201,744 | Stewart Title Company | ||
| -- | Fidelity National Title Co | ||
| -- | -- | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title Ins | ||
| -- | Fidelity National Title Ins | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title Ins | ||
| $230,000 | Fidelity National Title Ins | ||
| -- | First American Title Ins Co | ||
| $130,000 | First American Title Ins Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $262,500 | ||
| Previous Owner | $262,500 | ||
| Previous Owner | $296,250 | ||
| Previous Owner | $56,050 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $144,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $10,577 | $337,119 | $67,424 | $269,695 |
| 2025 | $10,577 | $330,509 | $66,102 | $264,407 |
| 2024 | $9,859 | $324,029 | $64,806 | $259,223 |
| 2023 | $8,925 | $317,675 | $63,535 | $254,140 |
| 2022 | $9,487 | $311,446 | $62,289 | $249,157 |
| 2021 | $9,542 | $305,340 | $61,068 | $244,272 |
| 2020 | $6,518 | $302,209 | $60,442 | $241,767 |
| 2019 | $6,657 | $296,283 | $59,257 | $237,026 |
| 2018 | $5,671 | $290,473 | $58,095 | $232,378 |
| 2017 | $3,578 | $284,778 | $56,956 | $227,822 |
| 2016 | $3,514 | $279,194 | $55,839 | $223,355 |
| 2015 | $3,436 | $275,000 | $55,000 | $220,000 |
| 2014 | $4,813 | $384,800 | $34,200 | $350,600 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton
T
Seller's Agent in 2015
Tony Burton
Burton Commercial, Inc.
(951) 375-7433
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW15018209
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.
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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