110 S L Street

    Needles, CA 92363
    • $84,888
    • STATUS: Active
    • ON SITE: 430 days
    • ID#: OC17210764
    $84,888
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,607
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    This investment opportunity is comprised of two buildings. There is a two bedroom one bath unit and a studio with one bath unit. The month to month rental agreements allow any new owner to adjust the leases to their liking upon acquisition. The utilities are paid for by the tenants offering the owner a low expense income generating asset. The income and expenses can be found in the financial summary.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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.mainstreetgroup.com/homes/76666007

    110 S L Street Needles, CA 92363

    • Price: $84,888
    • Status: Active
    • ID#: OC17210764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,607
    SQFT
    $53
    $/SQFT
    1930
    Built
    Neighborhood:
    DC770 - Needles
    County:
    San Bernardino
    Area:
    DC770 - Needles
    Property Description
    This investment opportunity is comprised of two buildings. There is a two bedroom one bath unit and a studio with one bath unit. The month to month rental agreements allow any new owner to adjust the leases to their liking upon acquisition. The utilities are paid for by the tenants offering the owner a low expense income generating asset. The income and expenses can be found in the financial summary.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Heating Central Furnace Heating YN Yes Laundry Features Area Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 10.70 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 12000.00 Gross Multiplier 7.10 Gross Operating Income 11400.00 Gross Scheduled Income 12000.00 Insurance Expense 725.00 Land Lease YN No Laundry YN Yes Maintenance Expense 600.00 Maintenance Percent 5.00 Net Operating Income 9060.00 New Construction YN No New Taxes Expense 1015.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 2340.00 Operating Expense Percent 20.00 Professional Management Expense 0.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 1015.00 Tax Rate 1.19 Tenant Pays All Utilities Total Actual Rent 600.00 Total Expenses 2340.00 Trash Expense 0.00 Vacancy Allowance 600 Vacancy Allowance Rate 5.00 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 2018-11-17T00:33:29.53. 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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