0.44 Acres Lot
0.44 Acres Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26210446
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Lot Size 0.436 Acres
Property Sub-Type Apartment
Property Description
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 mind—a 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 utilities—including water, gas, and electricity—are 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 $1,666 per unit, yielding a future 7.28% cap rate.
To ensure privacy and comfort for the long-term tenants, please view the property from the street initially. Interior viewings will be gladly arranged promptly upon an accepted offer and verified Earnest Money Deposit (EMD). With all major systems already upgraded, the property is priced realistically for an as-is sale. Buyers are welcome to conduct full inspections for peace of mind. Buyer and buyer's agent are advised to verify all information, including square footage, utility metering, permits, sewer connections, and financial projections. All information is deemed reliable but not guaranteed.
Location
State CA
County San Bernardino
Area Dc571 - Yucca Mesa
Interior
Interior Features Balcony, All Bedrooms Down
Heating Wall Furnace
Cooling Evaporative Cooling
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range
Laundry Washer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Valley
View Y/N Yes
View Desert
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 0586293140000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
