20305 Carlisle Road

    Apple Valley, CA 92307
    • $1,095,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: PW18096204
    UPDATED: 156 min ago
    $1,095,000
    • 0
      BEDS
    • 0.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,339
      SQFT
    • $149
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Back on the Market !Excellent investment with rare high cap rate of 6.82%. Long term Tenants. No rent control.Ten (10) 654 sqft 1Bed/1 Bath units with large kitchen & roomy living room. All located in a one-story U-shaped building with common court yard. One (1) 800 sqft 1Bed/1 Bath independent 11th unit in the back with attached one car garage with lots of storage locking cabinets and a work table. Newly remodeled throughout. New floor, paint and bath toilet. Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back. Out of the 11 units, 7 were remodeled 0-2 years, 2 units currently in mid-remodeling.All units are currently rented at below market rates. Income can be increased with new owner by raising rents and reconverting current storage room to laundry room (gas pipes currently sealed). Plenty of parking spaces with 11 assigned spots and an extra 12 spaces. All newer Swamp Coolers in 9 units and 3 of the units have newer Water Heaters. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready. Trash dumpster with enclosure & doors.Located in a quiet area near large brand new single homes. Close to major shopping (Walmart & Target), eateries and schools. Easy access to I-15 and 395 Freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T00:29:25.94. 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/83008443

    20305 Carlisle Road Apple Valley, CA 92307

    • Price: $1,095,000
    • Status: Active
    • Updated: 156 min ago
    • ID#: PW18096204
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.9
    Acres
    7,339
    SQFT
    $149
    $/SQFT
    1959
    Built
    Neighborhood:
    APPV - Apple Valley
    County:
    San Bernardino
    Area:
    APPV - Apple Valley
    Property Description
    Back on the Market !Excellent investment with rare high cap rate of 6.82%. Long term Tenants. No rent control.Ten (10) 654 sqft 1Bed/1 Bath units with large kitchen & roomy living room. All located in a one-story U-shaped building with common court yard. One (1) 800 sqft 1Bed/1 Bath independent 11th unit in the back with attached one car garage with lots of storage locking cabinets and a work table. Newly remodeled throughout. New floor, paint and bath toilet. Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back. Out of the 11 units, 7 were remodeled 0-2 years, 2 units currently in mid-remodeling.All units are currently rented at below market rates. Income can be increased with new owner by raising rents and reconverting current storage room to laundry room (gas pipes currently sealed). Plenty of parking spaces with 11 assigned spots and an extra 12 spaces. All newer Swamp Coolers in 9 units and 3 of the units have newer Water Heaters. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready. Trash dumpster with enclosure & doors.Located in a quiet area near large brand new single homes. Close to major shopping (Walmart & Target), eateries and schools. Easy access to I-15 and 395 Freeways.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Chain LinkWood Garage Spaces 1.00 Lot Features 11-15 Units/AcreLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Electric StoveGas Stove Appliances YN Yes 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 2+ Common Walls Cooling Evaporative Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Heater Heating YN Yes Laundry Features None Levels One Room Type All Bedrooms DownKitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.82 Community Features SidewalksStreet Lighting Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 94860.00 Gross Operating Income 90117.00 Gross Scheduled Income 94860.00 Insurance Expense 2594.00 Land Lease YN No Laundry YN No Maintenance Expense 1000.00 Net Operating Income 74642.00 New Taxes Expense 3951.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 15475.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Security LightsSmoke Detector Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 94860.00 Total Expenses 15475.00 Trash Expense 5530.00 Utilities Sewer ConnectedWater Connected Vacancy Allowance 4743 Vacancy Allowance Rate 5.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Chuoc Vo-Ta of Hpt Realty and Mindy Luong of Hpt Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T00:29:25.94. 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.
     
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