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56181 Papago

Yucca Valley, CA 92284
  • $1,400,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: AR23142142
$1,400,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Listing Agent(s): Gary Lorenzini of Coldwell Banker Realty (626-445-5500)


Description

Great 7 unit income property totaling 6090 sq. ft. on two parcels equaling 29,700 sq.ft. Prime corner lot includes 56181 Papago Trail, and 7401 Borrego Trail. All two bedroom one bath units approximately 870 sq ft each. 5 of the units are single story, ground level located in 2 separate buildings . A 3rd building consists of a downstairs unit with exterior stairs leading to an upstairs unit. There are three 2 car garages and four 1 car garages located within two separate buildings. Ample additional parking on asphalt area.Owner recently installed new evaporative cooling units in three of the units.Centrally located within walking distance to shopping and transportation. On-site laundry room managed by "WASH. Rent increases of 8.8% were issued on 5 of the units, effective 9/1/23. 2 recently vacant units being offered at $1425.All offers subject to interior inspection. Being sold as is, without warranty.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142687458
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56181 Papago Yucca Valley, CA 92284

  • Price: $1,400,000
  • Status: Active
  • On Site: 32 Days
  • ID#: AR23142142
0
Beds
0
Baths
0
½ Baths
0.68
Acres
1980
Built
Neighborhood:
DC571 - Yucca Mesa
County:
San Bernardino
Area:
DC571 - Yucca Mesa
Property Description
Great 7 unit income property totaling 6090 sq. ft. on two parcels equaling 29,700 sq.ft. Prime corner lot includes 56181 Papago Trail, and 7401 Borrego Trail. All two bedroom one bath units approximately 870 sq ft each. 5 of the units are single story, ground level located in 2 separate buildings . A 3rd building consists of a downstairs unit with exterior stairs leading to an upstairs unit. There are three 2 car garages and four 1 car garages located within two separate buildings. Ample additional parking on asphalt area.Owner recently installed new evaporative cooling units in three of the units.Centrally located within walking distance to shopping and transportation. On-site laundry room managed by "WASH. Rent increases of 8.8% were issued on 5 of the units, effective 9/1/23. 2 recently vacant units being offered at $1425.All offers subject to interior inspection. Being sold as is, without warranty.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 1 Entry Location Ground Fencing Wood Foundation Details Slab Lot Features 6-10 Units/AcreCorner LotIrregular LotLevel Number Of Separate Electric Meters 8 Parking Features AssignedAsphaltDoor-MultiDoor-SingleGarageGarage Faces Side Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls Cooling Evaporative Cooling Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Community Apartment Community Features Curbs Electric Expense 360 Fuel Expense 180 Garage YN Yes Gross Income 105360 Gross Scheduled Income 105360 Insurance Expense 5595 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 79152 New Construction YN No New Taxes Expense 19743 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 26280 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Sewer On Bond Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 5452 Trash Expense 3300 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Gary Lorenzini of Coldwell Banker Realty (626-445-5500)