Yucca Valley, CA 92284,7396 Bannock

$385,000

$450,000

14.4%
Est.Price: ?

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Est. payment /mo

0.44 Acres Lot


SOLD DATE : 06/06/2016

Key Details

Sold Price $385,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SW15245002

Sold Date 06/06/16

HOA Y/N No

Year Built 1964

Lot Size 0.436 Acres

Property Description

This investment is a rarity because it has it all. Currently 100% rented. It's been taken care of inside and out. Both interior and exterior condition is wonderful. All rooms are large. Beautiful tile floors throughout. All unit's are 2 bedroom 1 bath which is the most popular mix in Yucca Valley. Large wall and swamp cooling/heat. Private yards for each unit. Private carport parking for each unit. Private laundry hook ups in each unit. The returns are also a rarity. Above market stunning 7.93 Gross Rent Multiplier and 7.87% Cap Rate at below market actual rents! And if you bring on market rents (see rent comp attached), you break double digits at a 6.47 GRM, a 10.36% Cap Rate and a stunning 24.26% Cash on Cash Return. Only $112,500 down get's your money performing like this!

Super convenient location that's a magnet for tenant's due to walking distance closeness to the main drag and central Yucca Valley. Yucca Valley has one main drag and we are one block off that Twentynine Palms Highway.

Location

State CA

County San Bernardino

Area Dc532 - Business District

Interior

Fireplace No

Exterior

Garage Carport

Carport Spaces 8

Pool None

Community Features Curbs, Gutter(s)

Parking Type Carport

Total Parking Spaces 32

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story One

Entry Level One

Sewer Septic Tank

Water Public

Level or Stories One

Others

Tax ID 0586306110000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tony Burton • Burton Commercial, Inc.
Bought with Tony Burton • Burton Commercial, Inc.
agent-avatar

+1(858) 465-0993

lizz@lizzisyourrealtor.com

27465 Jefferson Ave # 117, Temecula, California, 92590

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