130 San Luis Street

    Needles, CA 92363
    • $99,888
    • STATUS: Active
    • ON SITE: 521 days
    • ID#: OC17137192
    UPDATED: 42 min ago
    $99,888
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,620
      SQFT
    • $62
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Great investment opportunity with very few owner expenses. Property consists of two units with all utilities separately metered. Meaning gas, water, trash, and electricity are the tenants responsibility. The two units are both two bedroom one bath spaces. Each unit has an attached garage and both units combine for a total of 1,620 square feet. This investment asset offers over 11% return. The units are currently rented for $600 and $550.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. 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. Licensed in the State of California, USA.
    www.debonishomes.com/homes/73704633

    130 San Luis Street Needles, CA 92363

    • Price: $99,888
    • Status: Active
    • Updated: 42 min ago
    • ID#: OC17137192
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,620
    SQFT
    $62
    $/SQFT
    1965
    Built
    Neighborhood:
    DC770 - Needles
    County:
    San Bernardino
    Area:
    DC770 - Needles
    Property Description
    Great investment opportunity with very few owner expenses. Property consists of two units with all utilities separately metered. Meaning gas, water, trash, and electricity are the tenants responsibility. The two units are both two bedroom one bath spaces. Each unit has an attached garage and both units combine for a total of 1,620 square feet. This investment asset offers over 11% return. The units are currently rented for $600 and $550.
    Exterior Features

    Garage Spaces 2.00 Lot Features Level With Street Lot Size Dimensions 100X125 Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayGarage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Electric Dryer HookupWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 12.00 Community Features Rural Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 6.88 Gross Operating Income 13800.00 Gross Scheduled Income 13800.00 Insurance Expense 800.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Maintenance Expense 660.00 Net Operating Income 11269.00 New Construction YN No New Taxes Expense 1071.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 2531.00 Operating Expense Percent 18.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 1071.00 Tax Rate 1.19 Taxes Percent 1.19 Tenant Pays All UtilitiesElectricityGasTrash CollectionWater Total Actual Rent 1200.00 Total Expenses 2531.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Daniel Escutia of Esen Real Estate Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. 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. Licensed in the State of California, USA.
     
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