57475 Lupine Drive, Yucca Valley, CA 92284
57475 Lupine Drive

57475 Lupine Drive

57475 Lupine Drive, Yucca Valley, CA

$1,445,900

$1,445,900

57475 Lupine Drive

35,950 Sq.Ft.

Description

Re/Max Masters is proud to present this 22 Units(7x 2 Br.1 bath-15x 1Br.1 bath) property in turn key condition and fully occupied in the city of Yucca Valley.The total property is comprised of two(2) lots.
Here are the impressive numbers $165,600 GROSS INCOME,, $36,796 ANNUAL EXPENSES INCLUDING INSURANCE,, $128,804 NOI WITH 8.3% CAP RATE,, $31,000 NEW PROPERTY TAX which includes the proposed sewer connection by the HI-DESERT WATER DISTRICT giving you $97,804 NOI which translates to 6.3% CAP RATE and if we add $64,050.60 Annual Dept Service with 30% Down Payment will NET you $33,753.40 NET INCOME,,GIVING YOU 7.25 % CASH ON CASH RETURN.
The new owner will enjoy a very low maintenance investment with a high return.

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Location

57475 Lupine Drive, Yucca Valley, CA 92284

Status

Sold
HIGHLIGHTS
  • 0.825 Acres Lot
  • 35,950 Sq.Ft. Living
  • 1962 Year Built
  • Sold Status
  • CV17014816 MLS® ID
Re/Max Masters is proud to present this 22 Units(7x 2 Br.1 bath-15x 1Br.1 bath) property in turn key condition and fully occupied in the city of Yucca Valley.The total property is comprised of two(2) lots.
Here are the impressive numbers $165,600 GROSS INCOME,, $36,796 ANNUAL EXPENSES INCLUDING INSURANCE,, $128,804 NOI WITH 8.3% CAP RATE,, $31,000 NEW PROPERTY TAX which includes the proposed sewer connection by the HI-DESERT WATER DISTRICT giving you $97,804 NOI which translates to 6.3% CAP RATE and if we add $64,050.60 Annual Dept Service with 30% Down Payment will NET you $33,753.40 NET INCOME,,GIVING YOU 7.25 % CASH ON CASH RETURN.
The new owner will enjoy a very low maintenance investment with a high return.
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FEATURES & AMENITIES

Interior

  • KITCHENElectric Range
  • Laundry roomCommon Area
  • FireplaceBath, Kitchen, Living Room

Area & Lot

  • Status Sold
  • Living Area35,950 Sq.Ft.
  • Lot Area0.825 Acres
  • MLS® IDCV17014816
  • TypeResidential
  • YEAR BUILT1962
  • View DescriptionDesert

Exterior

  • STORIES2
  • Garage Spaces9.0
  • Water SourcePublic
  • utilitiesElectricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
  • PoolCommunity, In Ground
  • roofComposition, Shingle
  • lot featuresCorner Lot
  • parkingAssigned, Detached Carport, Unassigned
  • HEAT TYPEZoned
  • AIR CONDITIONINGWall/Window Unit(s), Zoned
  • sewerSeptic Tank
  • Disability FeaturesSee Remarks
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)

Financial

  • Sales Price$1,445,900

WORK WITH US

We realize the purchase and sale of real estate property is probably one of the most important transactions that a person can make. We’ve built our business and outstanding reputation by helping our clients navigate through the process efficiently and professionally from start to finish.

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Echelberger Group

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Contact Details

[email protected]

(949) 498-7711


302 N El Camino Real #214
San Clemente, CA 92672


Doug Echelberger | CA DRE# 01176379