7173 Sage Ave
Yucca Valley, CA 92284

Bd   — Ba   5,280 Sqft
The Sage apartments consists of 8 units, all separately metered for gas and electric. Existing rents are +/- 10%. Value can be added by adjusting rents upward by 10% to market rents, reduce expenses such as house electric to an LED system, reduce water costs by installing low flow systems throughout all units and self manage. Current EXISTING cap rate is 6.36% with a cash on cash (COC) return of 11.86% with principal loan reduction. and PROFORMA cap rate would be 8.36% with an outstanding cash on cash (COC) return of 18.53% with principal loan reduction. Existing gross income is $51,240.
  • Zipcode: 92284
  • Days on Movoto: 319
  • Year Built: 1965
  • HOA:
  • $/Sqft: $83
  • Lot: 11,049 Sqft
  • Property Type: Multi Family
  • MLS#: EV16075150
  • MLS:
  • Listing Office: REGIONCY REAL ESTATE
  • Listed By: NATHAN DIONES
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 3 weeks ago

Home Features for 7173 Sage Ave , Yucca Valley

Overview
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Property History for 7173 Sage Ave, Yucca Valley

Status
Date
Price
Price Change
Oct 22, 2016
$440,000
Listed
Apr 11, 2016
$450,000
#EV16075150
7173 Sage Ave in ZIP code 92284 is a multi family home currently listed for $440,000. This is 96% above the median of $224,500 for 92284 and 96% above the median price of $224,500 for the city of Yucca Valley, CA. As of today, , there are 159 properties listed for sale in the 92284 area and 158 properties listed for sale in Yucca Valley. Of those 158 properties for sale, 152 are single family homes and 6 are condos. 7173 Sage Ave is approximately 5,280 square feet, 204% above the Yucca Valley median of 1,737 and 204% above the 92284 ZIP code median of 1,737. The price per Sqft is $83, which is 34% below the median price in 92284 of $126 and 34% below the Yucca Valley median of $126 per square foot.
Built in 1965, this multi family house at 7173 Sage Ave is approximately 5,280 square feet and comes with 8 parking spots. It is listed on 04/11/2016 for $440,000 with a cost per Sqft of $83. 7173 Sage Ave is located in the Morongo Unified School District. The closest school is Yucca Valley High School.

7173 Sage Ave has been on the market for 319 days. The median days on the market for properties in this area is 80 with a median list price of $224,500 and median cost per square foot of $126. It's currently listed as active under the MLS #EV16075150.

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