NOT LISTED FOR SALE

7595 Kickapoo Trail Yucca Valley, CA 92284

4 Beds
3 Baths
15,584 Sq Ft
1.25 Acres

Last Sold September 20, 2019

Last sale price $1,585,000 $102 Per Sq Ft

274 Days on Market

Highlights

  • 1.25 Acre Lot
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2019

Property Highlights; 6 Units Completely Renovated.• The Improvements Include: New Appliances, Paint, Flooring, Fixtures, and A/C units. Offering Actual CAP Rate of 6.30 %, ProForma CAP Rate of 7.80 % •ProForma CAP Rate Based on Increasing Rents to Current Market Rental Rates., Offering Actual GRM of 10.34, With a ProForma GRM of 8.72, $200,000+ in Capital Improvements Completed Between 2017-2018. •The Improvements Include: New Roofing, HVAC Systems, Garage Door Replacements, Septic Tank, 6 Units Fully Rehabilitated, New Plumbing & Electrical Fixtures as Necessary. Occupied With Long Term Tenants, Conservative 7% -10% Upside in Potential Rental Income. Rental Comparables Illustrate a 98 % Occupancy Area. •Rental Survey Completed 07/03/2018, Pride Of Ownership, Absolute Turn Key, Financeable Asset. The Chelsey Court Apartment community is a true pride of ownership property, owned and operated by the same owner. Located on a large 1.25 acre lot. The property is composed of twelve 3-bedroom 2-bathroom units (1,240 sq. ft.) and one 1-bedroom 1-bathroom (700 sq. ft.). All units include: central air and heating, washer and dryer hook-ups, walk-in closets, and 1-2 car garages. The owner has invested over $200k in capital expenditures that include: a new roof, garage doors, septic tank, plumbing, new fixtures, A/C units, toilets, new appliances, and 5 completely renovated units. This asset is situated near Joshua Tree National park.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 08/15/2018

Last Buyer's Agent

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 08/15/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 1.25 Acre Lot
  • Two or More Common Walls
  • Sprinkler System
  • Density is 11-15 Units/Acre

Parking

  • 26 Car Garage
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • 15,584 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 10413
  • Assessor Parcel Number 0586171190000

Community Details

Overview

  • 2 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $137
  • Insurance Expense $1,918
  • Professional Management Expense $8,573
  • Trash Expense $2,432
  • Water Sewer Expense $5,421
  • New Taxes Expense $17,129
  • Operating Expense $47,598
  • Gross Income $183,000
  • Net Operating Income $124,422

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

26

Listing Details

  • CapRate: 7.80
  • Professional Management Expense: 8573.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5421.00
  • Zoning: 92/6
  • Property Type: Residential Income
  • Parcel Number: 0586171190000
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 101.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 26.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Two Door
  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Natural Gas Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Inside
  • Sewer: Conventional Septic
  • Trash Expense: 2432.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Sprinkler System
  • Lot Size Sq Ft: 54450.00
  • Lot Size Acres: 1.2500

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average3 Bed Area: 1240 Square Feet
  • Electric Expense: 137.28
  • Gross Income: 183000.00
  • Gross Multiplier: 8.72
  • Gross Scheduled Income: 183000.00
  • Insurance Expense: 1918.00
  • Lot Size Area: 54450.0000 Square Feet
  • Net Operating Income: 124422.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Operating Expense: 47598.00
  • Rent Control: No
  • Total Expenses: 47598.00

Tax Info

  • New Taxes Expense: 17129.00
  • Tax Census Tract: 104.13
  • Tax Lot: 19
  • Tax Tract Number: 010413

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2019 09/20/19 Sold $1,585,000 -0.6% $102 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
11/29/2018 11/29/18 Price Changed $1,595,000 -0.3% $102 / Sq Ft
08/15/2018 08/15/18 For Sale $1,600,000 +27.0% $103 / Sq Ft
08/21/2017 08/21/17 Sold $1,260,000 -15.7% $81 / Sq Ft View Prior Sale
07/19/2017 07/19/17 Pending -- -- --
07/03/2017 07/03/17 For Sale $1,495,000 0.0% $96 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $1,495,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Albert Le

    Seller's Agent in 2019

    Albert Le

    LE INVESTMENT GROUP

    (909) 256-7889

    24 Total Sales

    Albert Le
    Section Image

  • M

    Seller's Agent in 2017

    Mick Grinager

    Caldwell Realty

  • Jill Huntsinger

    Buyer's Agent in 2017

    Jill Huntsinger

    CAPITIS REAL ESTATE

    (951) 202-4449

    51 Total Sales

    Jill Huntsinger
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18197971

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Yucca Valley 92284

7595 Kickapoo Trail, Yucca Valley, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes