Seller's Agent in 2019
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
23 Total Sales
7595 Kickapoo Trail Yucca Valley, CA 92284
4
Beds
3
Baths
15,584
Sq Ft
54,450
Sq Ft Lot
Highlights
- 1.25 Acre Lot
- Laundry Room
- Central Heating and Cooling System
About This Home
As of September 2019Property 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.
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 |
|---|---|---|---|---|
| 2025 | $21,744 | $1,733,429 | $103,896 | $1,629,533 |
| 2024 | $20,846 | $1,699,440 | $101,859 | $1,597,581 |
| 2023 | $20,115 | $1,666,118 | $99,862 | $1,566,256 |
| 2022 | $19,773 | $1,633,449 | $97,904 | $1,535,545 |
| 2021 | $20,177 | $1,601,420 | $95,984 | $1,505,436 |
| 2020 | $20,253 | $1,585,000 | $95,000 | $1,490,000 |
| 2019 | $18,023 | $1,285,200 | $76,500 | $1,208,700 |
| 2018 | $16,708 | $1,260,000 | $75,000 | $1,185,000 |
| 2017 | $12,182 | $978,100 | $100,300 | $877,800 |
| 2016 | $12,202 | $978,100 | $100,300 | $877,800 |
| 2015 | $12,112 | $978,100 | $100,300 | $877,800 |
| 2014 | $11,136 | $889,200 | $91,200 | $798,000 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
-
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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV18197971
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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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