Address Undisclosed, Yucca Valley, CA 92284 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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$840,000 Approx. USD 0 beds, 0 baths
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Listing Agent


DavePaulette Renney | therenneys@gmail.com
Lic#: 01735253
Broker: Courtesy of Bennion Deville Homes

Agent Remarks

PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!

Listing Details

Property type: Own Your Own (Commercial)
Status: Active
MLS# 18333552PS
Price: $840,000
Built in 1975
County: San Bernardino
Heating description: Forced Air,Natural Gas
MLS area: DC531 - Central East

Last Updated: 10/2/2024

 Days On Market (DOM): 2585

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This listing belongs to the DC531 - Central East MLS area

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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