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

Sale Details

Date Sold: June 9, 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
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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

2.5 Acres

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

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

Listed on
Jan 11, 2017
Closed on
Apr 14, 2017
Sold by
Bought by
Seller's Agent
Jason Lamoreaux
COLDWELL BANKER COMMERCIAL RE
Buyer's Agent
Jason Lamoreaux
COLDWELL BANKER COMMERCIAL RE
List Price
$1,200,000
Sold Price
$1,070,000
Premium/Discount to List
-$130,000
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2005
Sold by
Bought by

Purchase Details

Closed on
May 27, 2004
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
$627,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,070,000 Chicago Title Company
-- --
-- --
-- --
$1,050,000 Southland Title Corporation
-- --
-- --
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
Open $1,000,000
Closed $749,000
Previous Owner $532,000
Previous Owner $627,000
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
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

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 $14,031 $1,266,668 $284,114 $982,554
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17007012

California Regional Multiple Listing Service (CRMLS)
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