12075 Kings Road

    Adelanto, CA 92301
    • $643,309
    • STATUS: Closed
    • ON SITE: 511 days
    • ID#: CV17117745
    Sold - 10/05/2018
    $643,309
    SOLD - 10/05/2018
    • 0
      BEDS
    • 1.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,160
      SQFT
    • $104
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    "7% Cap Rate at list with 8 Fully occupied units in the fast growing city of Adelanto. This property offers 8 2 bedroom 1 bath units with there own separate gas, water and electric meters. The landlord is only responsible for trash and maintenance which there will be very little of as all 8 units have undergone extensive capital expenditures in the last two years. This is a turn key property waiting for the next owner to raise the under market rents to fully optimize cash on cash return. Located near the fast growing SCLA the premier job growth sector in the High Desert.

    Sold by Miguel Franco of Realty Executives Select.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-19T23:32:57.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/73014698

    12075 Kings Road Adelanto, CA 92301

    • Price: $650,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: CV17117745
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.93
    Acres
    6,160
    SQFT
    $104
    $/SQFT
    1963
    Built
    Neighborhood:
    ADL - Adelanto
    County:
    San Bernardino
    Area:
    ADL - Adelanto
    Property Description
    "7% Cap Rate at list with 8 Fully occupied units in the fast growing city of Adelanto. This property offers 8 2 bedroom 1 bath units with there own separate gas, water and electric meters. The landlord is only responsible for trash and maintenance which there will be very little of as all 8 units have undergone extensive capital expenditures in the last two years. This is a turn key property waiting for the next owner to raise the under market rents to fully optimize cash on cash return. Located near the fast growing SCLA the premier job growth sector in the High Desert.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Valley Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 71400.00 Gross Scheduled Income 71400.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 47130.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 8 Number Of Units Leased 8 Operating Expense 20700.00 Professional Management Expense 0.00 Rent Control YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 3570 Water Sewer Expense 0.00 Water Source Public

    Listing provided courtesy of Jason Lamoreaux of Coldwell Banker Commercial Re.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-19T23:32:57.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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