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$ 1,110,000
Est. payment | /mo
8 Beds
4 Baths
0.44 Acres Lot
$ 1,110,000
Est. payment | /mo
8 Beds
4 Baths
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26210446
Bedrooms 8
Lot Size 0.436 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Turn-key, 100% occupied 6-unit investment property on scenic Bannock Trail in Yucca Valley. Built in 1986, this premium asset is free from pre-1978 lead or asbestos liabilities. The property features a uniform mix of all 2-bedroom, 1-bathroom units, each equipped with an attached 1-car garage and updated garage doors. Major property upgrades are already complete, including brand-new roofs on all three buildings with contractor warranties. Four of the six units feature updated rooftop swamp coolers installed within the last three years. The property is fully connected to the city municipal sewer system, completely eliminating the old septic system. Inside, 100% of the units have been completely rehabbed with modern flooring and fresh paint. A newly installed, secure, locked commercial mailbox system provides tenants with modern convenience and peace of minda highly coveted and rare amenity for apartment assets in the local Yucca Valley market. Operationally, the asset is professionally broker-managed using clean, CAR-compliant leasing forms and requires mandatory tenant renters insurance. All utilitiesincluding water, gas, and electricityare individually metered and paid by the tenants, keeping annual owner expenses exceptionally lean at $33,244. The scheduled gross monthly rent roll increases to $8,550 on November 26, 2026, bringing the actual Gross Scheduled Income (GSI) to $102,600, with a Net Operating Income (NOI) of $64,226, an entry cap rate of 5.79%, and a 10.82 GRM. There is also tremendous pro forma upside to reach a $120,000 GSI based on target market rents of $1,
Location
State CA
County San Bernardino
Zoning Assessor
Direction From CA-62, head north onto Bannock Trail. To respect the privacy and comfort of the long-term residents, please limit viewings
Interior
Cooling Swamp Cooler(s)
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0586293140000
Acceptable Financing Cash
Listing Terms Cash
Listed by HENRY CHUANG, DRE#01838832 HENRY CHUANG, BROKER
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