7173 Sage Avenue,  Yucca Valley CA, 92284 (Residential Income)

5,280 sqft
Status: Active
MLS#: EV16075150
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Last Updated: 12/6/2016 2:03 AM
Description for 7173 Sage Avenue Yucca Valley, CA 92284
The Sage apartments consists of 8 units, all separately metered for gas and electric. Existing rents are +/- 10%. Value can be added by adjusting rents upward by 10% to market rents, reduce expenses such as house electric to an LED system, reduce water costs by installing low flow systems throughout all units and self manage. Current EXISTING cap rate is 6.36% with a cash on cash (COC) return of 11.86% with principal loan reduction. and PROFORMA cap rate would be 8.36% with an outstanding cash on cash (COC) return of 18.53% with principal loan reduction. Existing gross income is $51,240. Please see attached Supplements.
Price
$440,000
San Bernardino
5,280 (approx)
EV16075150
Active
Description
The Sage apartments consists of 8 units, all separately metered for gas and electric. Existing rents are +/- 10%. Value can be added by adjusting rents upward by 10% to market rents, reduce expenses such as house electric to an LED system, reduce water costs by installing low flow systems throughout all units and self manage. Current EXISTING cap rate is 6.36% with a cash on cash (COC) return of 11.86% with principal loan reduction. and PROFORMA cap rate would be 8.36% with an outstanding cash on cash (COC) return of 18.53% with principal loan reduction. Existing gross income is $51,240. Please see attached Supplements.
Listing Information
Property Type: Cluster, 2 Story
0.25 Acres 1,104,900 sq.ft. 5,280 (approx)
$83.33 1965
Yes- 8 spaces 2
Bonds
8 Total
Neighborhood
Room Information
Exterior / Lot Features
8 Garage Spaces, 8 Parking Spaces, Assigned Parking Space
None
No Pool
Rural
Driving Directions
Cross Streets: Hwy 62 and Sage Ave
Financial Considerations
0595322010000
$51,240 Income ,$20,061Expense
Listing Price History

Yucca Valley Real Estate

Yucca Valley is located in California. Yucca Valley, California 92284 has a population of 20,712.

The median household income in Yucca Valley, California 92284 is $42,962. The median household income for the surrounding county is $54,750 compared to the national median of $53,046. The median age of people living in Yucca Valley 92284 is 37.8 years.

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Courtesy: REGIONCY REAL ESTATE NATHAN DIONES
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