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    7211 Joshua Lane

    Yucca Valley, CA 92284
    • $840,000
    • STATUS: Active
    • ON SITE: 437 days
    • ID#: 18333552PS
    UPDATED: 23 min ago
    $840,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Description

    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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-29T19:26:37.183. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/99086106
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    7211 Joshua Lane Yucca Valley, CA 92284

    • Price: $840,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 18333552PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1975
    Built
    Neighborhood:
    DC531 - Central East
    County:
    San Bernardino
    Area:
    DC531 - Central East
    Property Description
    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!
    Interior Features

    Heating Forced AirNatural Gas Heating YN Yes Office Square Footage 0 Office Square Footage Max 0 Office Square Footage Min 0

    Property Features

    Business Type Professional/Office Effective Gross 0 Equipment Value 0 Gross Operating Income 0.00 Industrial Square Footage 0 Industrial Square Footage Max 0 Industrial Square Footage Min 0 Inventory Value 0 Investment Property YN No Property Sub Type Own Your Own Retail Square Footage 0 Special Listing Conditions Standard Total Monthly Rent 0

    Listing provided courtesy of Davepaulette Renney Team of Bennion Deville Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-29T19:26:37.183. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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