16420 Joy Street

    Lake Elsinore, CA 92530
    • $1,150,000
    • STATUS: Closed
    • ON SITE: 113 days
    • ID#: IG18126238
    Sold - 07/27/2018
    $1,150,000
    SOLD - 07/27/2018
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,400
      SQFT
    • $180
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Highly Desirable 6 Unit Apartment Building - All 6 Units are 3 Bedroom 2 Bathroom Units, All 6 Units have attached 1 Car Garages and 1 Direct Open Parking Spot in Front of the Unit, 4 Units have been recently remodeled, including many with New Kitchen Cabinets and Granite Counter Tops. Many Apartment listings advertise Added Value that rents can be increased, but this property is truly unique because it sits on a large lot with potential to add as many as 6 units per a prior listing of this property. The lot is 35,719 SF per Realist and nearly half the lot is vacant land with potential to add value. The current rents appear low and turnover has been very low over the past 5 years.

    Sold by Jose Gutierrez of Village Realtors.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T13:32:54. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84032037

    16420 Joy Street Lake Elsinore, CA 92530

    • Price: $1,200,000
    • Status: Closed
    • Updated: 44 min ago
    • ID#: IG18126238
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    6,400
    SQFT
    $180
    $/SQFT
    1979
    Built
    Neighborhood:
    245 - Lake Elsinore North
    County:
    Riverside
    Area:
    245 - Lake Elsinore North
    Property Description
    Highly Desirable 6 Unit Apartment Building - All 6 Units are 3 Bedroom 2 Bathroom Units, All 6 Units have attached 1 Car Garages and 1 Direct Open Parking Spot in Front of the Unit, 4 Units have been recently remodeled, including many with New Kitchen Cabinets and Granite Counter Tops. Many Apartment listings advertise Added Value that rents can be increased, but this property is truly unique because it sits on a large lot with potential to add as many as 6 units per a prior listing of this property. The lot is 35,719 SF per Realist and nearly half the lot is vacant land with potential to add value. The current rents appear low and turnover has been very low over the past 5 years.
    Exterior Features

    Garage Spaces 6.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 14.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1000.00 Elevation Units Feet Gross Income 88356.00 Gross Operating Income 87472.00 Gross Scheduled Income 88356.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN Yes Net Operating Income 65072.00 New Taxes Expense 13000.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 22400.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 7363.00 Total Expenses 22400.00 Trash Expense 2160.00 Vacancy Allowance Rate 1.00 Water Sewer Expense 3840.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Kurt Tiedt of Titan Real Est.& Investments.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T13:32:54. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094