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$ 1,110,000
Est. payment | /mo
8 Beds
4 Baths
0.44 Acres Lot
$ 1,110,000
Est. payment | /mo
8 Beds
4 Baths
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26210446
Bedrooms 8
Lot Size 0.436 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
TURN-KEY, 100% OCCUPIED 6-UNIT INVESTMENT PROPERTY ON SCENIC BANNOCK TRAIL IN YUCCA VALLEY! Built in 1986 (no pre-1978 lead/asbestos liability), this premium asset features a uniform mix of ALL 2-Bed/1-Bath units with attached 1-car garages and updated garage doors. *** MAJOR UPGRADES COMPLETED: (1) NEW ROOFS: all 3 buildings with contractor warranties. (2) HVAC: 4 of 6 units feature updated rooftop swamp coolers (installed within 3 years). (3) SEWER: Fully connected to city municipal sewer; old septic system eliminated. (4) INTERIORS: 100% rehabbed with new modern flooring and fresh paint. *** OPERATIONAL & FINANCIAL HIGHLIGHTS: Asset is professionally broker-managed with clean CAR-compliant leasing forms and mandatory tenant renters insurance. All utilitiesincluding water, gas, and electricityare individually metered to tenants, keeping annual owner expenses lean at $33,244. Scheduled gross monthly rent roll increases to $8,550 on Nov 26, 2026 ($102,600 Actual GSI / $64,226 NOI / 5.79% Entry Cap Rate / 10.82 GRM). Tremendous Pro Forma upside of $120,000 GSI based on target market rents ($1,666/unit) yielding a future 7.28% Cap Rate. *** SHOWING INSTRUCTIONS: STRICTLY DRIVE-BY ONLY. Do not disturb tenants. Showings are strictly contingent upon an accepted offer and verified Earnest Money Deposit (EMD). *** LEGAL DISCLAIMERS: Property is sold strictly AS-IS regarding roofs, sewer, cooling, and flooring; no price-chipping or credits will be entertained during due diligence. Buyer and Buyer's Agent to verify all info, including square footage, utility metering, permits, sewer
Location
State CA
County San Bernardino
Zoning Assessor
Direction From CA-62, head north. Property is located on Bannock Tril. DRIVE-BY ONLY. Do not pull into the apartment driveway, do not park
Interior
Cooling Swamp Cooler(s)
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0586293140000
Acceptable Financing Cash
Listing Terms Cash
Listed by HENRY CHUANG, DRE#01838832 HENRY CHUANG, BROKER
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