NOT LISTED FOR SALE
4 Beds
2 Baths
10,856 Sq Ft
2.5 Acres

Last Sold June 09, 2017

Last sale price $1,070,000 $99 Per Sq Ft

34 Days on Market

About This Home

As of June 2017

Fully Occupied 12 unit on large 2.5 Acre lot. This is a once in a lifetime trophy property for the area. Built in 1991, this property is turn key with plenty of room to raise rents immediately and quickly. Property is severely under market due to the long-term ownership of the property. This property is in the Victor Valley which has a population of 410,000 and is compromised of four cities including the Town of Apple Valley, City of Victorville, City of Hesperia and the City of Adelanto. Hesperia is located in the Riverside-San Bernardino-Ontario MSA
Centrally located on off main street on Maple Ave on large secluded lot. Ease of access to freeway perfect for commuter tenants who work in the Central Inland Empire.

Last Agent to Sell the Property

Jason Lamoreaux

COLDWELL BANKER COMMERCIAL RE License #01461062 Listed on: 01/11/2017

COLDWELL BANKER COMMERCIAL RE

Last Buyer's Agent

Jason Lamoreaux

COLDWELL BANKER COMMERCIAL RE License #01461062 Listed on: 01/11/2017

COLDWELL BANKER COMMERCIAL RE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 2.5 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 10,856 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 3057131350000

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Valley

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $855
  • Gardener Expense $2,517
  • Insurance Expense $2,772
  • Maintenance Expense $2,613
  • Pest Control $960
  • Professional Management Expense $8,400
  • Trash Expense $3,649
  • Water Sewer Expense $6,108
  • Operating Expense $37,740
  • Net Operating Income $64,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6108.00
  • Property Type: Residential Income
  • Gardener Expense: 2517.00
  • Parcel Number: 3057131350000
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 98.56

Exterior Features

  • Pool Private: No

Utilities

  • Pest Control Expense: 960.00
  • Sewer: Unknown
  • Trash Expense: 3649.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 108900.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 855.00
  • Gross Scheduled Income: 102000.00
  • Insurance Expense: 2772.00
  • Maintenance Expense: 2613.00
  • Net Operating Income: 64260.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 37740.00
  • Rent Control: No
  • Total Actual Rent: 8500.00
  • Total Expenses: 37740.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/09/2017 06/09/17 Sold $1,070,000 -10.8% $99 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $1,200,000 -- $111 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,031 $1,241,831 $278,543 $963,288
2024 $13,711 $1,217,481 $273,081 $944,400
2023 $13,555 $1,193,608 $267,726 $925,882
2022 $13,239 $1,170,203 $262,476 $907,727
2021 $12,987 $1,147,257 $257,329 $889,928
2020 $12,827 $1,135,493 $254,690 $880,803
2019 $12,562 $1,113,228 $249,696 $863,532
2018 $9,624 $842,398 $224,400 $617,998
2017 $9,450 $825,880 $220,000 $605,880
2016 $8,600 $750,800 $200,000 $550,800
2015 $8,785 $750,800 $350,800 $400,000
2014 $8,058 $682,500 $318,900 $363,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17007012

California Regional Multiple Listing Service (CRMLS)