20305 Carlisle Road

    Apple Valley, CA 92307
    • $1,099,000
    • STATUS: Active
    • ON SITE: 160 days
    • ID#: PW19075056
    $1,099,000
    • 0
      BEDS
    • 0.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,339
      SQFT
    • $150
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Investor+GGs Delight. Excellent investment with RARE HIGH CAP RATE of 7.18% and lots of HIGHER POTENTIALS. Long term Tenants. No rent control. Property has fencing on 3 sides.Total 11 Units in 2 Separate Buildings on same Property.Ten (10) 654 sqft 1 Bd/1 Bth units with large kitchen & roomy living room, plus 3 built in furniture: kitchen table, bedroom desk, bedroom extra chest with drawers. All located in a one-story U-shaped bldg with common court yard. One (1) 800 sqft 1Bd/1 Bth 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; Unit #11 Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back. All units are currently rented at below market rates. Income can be increased by new owner by raising rents and reconverting current storage room to laundry room. Plenty of parking spaces with 11 assigned spots & an extra 12 spaces. All newer Swamp Coolers in 9 units, 3 of the units have newer Water Heaters. All 11 Water Heaters are under locked enclosures. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready. Located in a quiet area among Large Brand New Single Homes. Close to major shopping (Walmart & Target), eateries and schools.Easy access to I-15 & 395 Freeways. DISCREET DRIVE BY ONLY. DO NOT DISTURBING TENANTS IS A MUST !

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. 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 or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/93601237

    20305 Carlisle Road Apple Valley, CA 92307

    • Price: $1,099,000
    • Status: Active
    • ID#: PW19075056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.9
    Acres
    7,339
    SQFT
    $150
    $/SQFT
    1959
    Built
    Neighborhood:
    APPV - Apple Valley
    County:
    San Bernardino
    Area:
    APPV - Apple Valley
    Property Description
    Investor+GGs Delight. Excellent investment with RARE HIGH CAP RATE of 7.18% and lots of HIGHER POTENTIALS. Long term Tenants. No rent control. Property has fencing on 3 sides.Total 11 Units in 2 Separate Buildings on same Property.Ten (10) 654 sqft 1 Bd/1 Bth units with large kitchen & roomy living room, plus 3 built in furniture: kitchen table, bedroom desk, bedroom extra chest with drawers. All located in a one-story U-shaped bldg with common court yard. One (1) 800 sqft 1Bd/1 Bth 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; Unit #11 Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back. All units are currently rented at below market rates. Income can be increased by new owner by raising rents and reconverting current storage room to laundry room. Plenty of parking spaces with 11 assigned spots & an extra 12 spaces. All newer Swamp Coolers in 9 units, 3 of the units have newer Water Heaters. All 11 Water Heaters are under locked enclosures. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready. Located in a quiet area among Large Brand New Single Homes. Close to major shopping (Walmart & Target), eateries and schools.Easy access to I-15 & 395 Freeways. DISCREET DRIVE BY ONLY. DO NOT DISTURBING TENANTS IS A MUST !
    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 23.00 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 CooktopGas Range 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 Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace 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 7.18 Community Features SidewalksStreet Lights Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 100404.00 Gross Operating Income 95384.00 Gross Scheduled Income 100404.00 Insurance Expense 2459.00 Land Lease YN No Laundry YN No Maintenance Expense 600.00 Net Operating Income 78943.00 New Construction YN No New Taxes Expense 4922.00 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 16441.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Security LightsSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 100404.00 Total Expenses 16441.00 Trash Expense 1550.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 5020 Vacancy Allowance Rate 5.00 Water Sewer Expense 6910.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Chuoc Vo-Ta of Us Gateway Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. 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 or California Realty Experts. Licensed in the State of California, USA.
     
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