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Address Not Available By Request

Yucca Valley, CA 92284
  • $840,000
  • STATUS: Active
  • ON SITE: 810 Days
  • ID#: 18333552PS
UPDATED: 89 min ago
$840,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Listing Agent: Davepaulette Renney Team of Bennion Deville Homes


Description

PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T00:25:38.313. 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 Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/99086106
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Address Not Available By Request Yucca Valley, CA 92284

  • Price: $840,000
  • Status: Active
  • On Site: 810 Days
  • Updated: 89 min ago
  • ID#: 18333552PS
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1975
Built
Neighborhood:
DC531 - Central East
County:
San Bernardino
Area:
DC531 - Central East
Property Description
PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!
Interior Features

Heating Forced AirNatural Gas Heating YN Yes

Property Features

Business Type Professional/Office Listing Agreement Exclusive Right To Sell Listing Service Full Service Property Sub Type Own Your Own Special Listing Conditions Standard



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T00:25:38.313. 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 Twiss Realty. Licensed in the State of California, USA.
 
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Twiss Realty
5071-A Cole Road
Mariposa CA, 95338
Listing Agent: Davepaulette Renney Team of Bennion Deville Homes