7467 Bannock Trail, Yucca Valley, CA 92284
- $1,110,000
- List Price
- $1,110,000
- Status
- ACTIVE
- MLS#
- IV26210446
- Year Built
- 1986
- Lot Size
- 19,000
- Acres
- 0.44
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 6
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
Turn-key, 100% occupied 6-unit investment property in Yucca Valley! Built in 1986 (no pre-1978 lead/asbestos liability), this premium, stabilized asset features a highly uniform mix of all 2-Bedroom, 1-Bathroom units, each featuring an attached 1-car garage with new garage doors. Major Infrastructure & Capital Upgrades Completed: a. New Roofs: $60K total investment across all 3 buildings with contractor warranties (one 5-year, two 10-year). b. HAVC upgraded: Cooling Systems: 4 out of 6 units feature brand-new rooftop swamp coolers installed within the last 3 years. c. New Sewer: Fully connected to the city municipal sewer system; old septic tank eliminated.Interiors: 100% rehabbed with new modern flooring and fresh interior paint. Financial & Operational Highlights: Insulated Expenses: Individually metered for electricity, gas, AND water (tenants pay all utilities, keeping owner expenses lean at $33,244).Strong Cash Flow: Scheduled monthly rent increases to $8,550 on Nov 26, 2026 ($102,600 Actual GSI / $64,226 NOI / 5.79% Entry Cap Rate).Pro Forma Upside: $120,000 Pro Forma GSI based on target market rents ($1,666/unit) yielding a future 7.28% Cap Rate. Immaculately managed with pristine books and zero deferred maintenance. Perfect for a 1031 Exchange buyer seeking a low-risk, high-yield High Desert asset. STRICTLY DRIVE-BY ONLY. Do not disturb tenants. Showings are strictly contingent upon an accepted offer and verified Earnest Money Deposit (EMD). Full financials and warranties available in MLS supplements. "Buyer and Buyer's Agent to verify all information, including square footage, utility metering, permits, sewer connections, and pro forma financial projections. Information deemed reliable but not guaranteed." "Property is sold strictly AS-IS regarding roofs, sewer, cooling, and flooring; no price-chipping or credits will be entertained during due diligence."
Additional Information
- Appliances
- Built-In Range, Dishwasher, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Evaporative Cooling
- View
- Desert
- Roof
- Shingle
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $102,600
- Operating Expense
- 33244
Listing courtesy of Listing Agent: HENRY CHUANG (henrychuangbroker@gmail.com) from Listing Office: HENRY CHUANG, BROKER.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.