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7222 Palo Alto Avenue
Yucca Valley, CA 92284

$1,000,000 
  • -- Beds
  • -- Baths
  • 9,910 sqft
  • Residential Income
  • Active
7222 Palo Alto Avenue, Yucca Valley - 566414124
7222 Palo Alto Avenue, Yucca Valley - 566414125
7222 Palo Alto Avenue, Yucca Valley - 566414126
7222 Palo Alto Avenue, Yucca Valley - 566414127
7222 Palo Alto Avenue, Yucca Valley - 566414128
7222 Palo Alto Avenue, Yucca Valley - 566414129
7222 Palo Alto Avenue, Yucca Valley - 566414130
7222 Palo Alto Avenue, Yucca Valley - 566414131
7222 Palo Alto Avenue, Yucca Valley - 566414132
7222 Palo Alto Avenue, Yucca Valley - 566414133
7222 Palo Alto Avenue, Yucca Valley - 566414134

Property Description for 7222 Palo Alto Avenue, Yucca Valley CA 92284

Property Highlights; Competitive Offering Actual CAP Rate of 6.47 %, ProForma CAP Rate of 7.47 % •ProForma CAP Rate Based on Increasing Rents to Current Market Rental Rates. Offering Actual GRM of 9.16, With a ProForma GRM of 8.73, $20,000+ in Capital Improvements Completed Between 2017-2018. •The Improvements Include: , 4 Units Fully Renovated, HVAC Systems, Plumbing & Electrical Fixtures as Necessary. Occupied With Long Term Tenants, Conservative 5% -7% Upside in Potential Rental Income. Rental Comparables Illustrate a 98 % Occupancy Area. • Rental Survey Completed 07/03/2018. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Attached Garage With Walk-Thru Access To The Apartment. The 7208-7222 Palo Alto Apartment community is a true pride of ownership property, owned and operated by the same owner. This 10 unit complex has 4 buildings that occupies 2 lots with 2 separate APN numbers on a large 0.508 acre lot. The property is composed of (4) 2-bedroom 1-bathroom flats (975 sq. ft.) and (6) 2-bedroom 1.5-bathroom townhomes (1007 sq. ft.). The tenants are afforded with an attached garage with walk-thru access to the apartment. An inside laundry room is included in all units . The owner has invested 20k in capital expenditures that includes 4 fully renovated units.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Yucca Valley
  • State: CA
  • Zip: 92284
  • Area: DC521 - Central West
  • County: San Bernardino
  • Class: Residential Income
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 9,910 sqft
  • Lot Sq Ft Apx: 22134.00
  • Garage: 10.00
  • Year Built: 1988
  • Listing#: IV18198773
  • Parcel Number: 0595281090000
  • List Date: 8/15/2018
  • Last updated on: 1/18/2019

Property Features for 7222 Palo Alto Avenue, Yucca Valley CA 92284

  • Parking Features: Assigned, Garage
  • Year Built: 1988
  • Community Features: Valley
  • Lot Desc: 6-10 Units/Acre
  • Pool: None

Additional Information for 7222 Palo Alto Avenue, Yucca Valley CA 92284

  • Expenses: 36421.00
  • Garage Style: Assigned, Garage
  • Gross Building Area: 9910.00
  • Gross Income: 114600.00
  • Net Income: 74741.00
Courtesy of Albert Le, Le Investment Group
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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.