55966 SANTA FE, YUCCA VALLEY CA 92284
- 4,956 sq.ft.
- 10,415 sq.ft. lot
Property Highlights, Competitive Offering Actual CAP Rate of 7.02 %, ProForma CAP Rate of 7.52 % •ProForma CAP Rate Based on Increasing Rents to Current Market Rental Rates. Offering Actual GRM of 9.02, With a ProForma GRM of 8.29, $25,000+ in Capital Improvements Completed Between 2017-2018. •The Improvements Include: Complete renovations to 3 units.100 % Occupied With Long Term Tenants, Conservative 7 -10% Upside in Potential Rental Income. Rental Comparables Illustrate a 96 % Occupancy Area. •Rental Survey Completed 07/03/18. Well Maintained Onsite Laundry Room•$1,500 Additional Source of Annual Income. Pride Of Ownership, Absolute Turn Key asset. The 55966 Santa Fe Trail Apartment community is a true pride of ownership property, owned and operated by the same owner. Located on a large 0.239 acre lot. The property is composed of five 1-bedroom 1-bathroom (670 sq. ft.) and two 2-bedroom 1-bathroom units. The tenants are afforded with covered on site parking with access to a coin-op laundry facility. The owner has invested $25k in capital expenditures to completely renovate 3 units.
Listing Courtesy of ALBERT LE, LE INVESTMENT GROUP
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of August 15, 2018. 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.