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
- 7
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
TURN-KEY, 100% OCCUPIED 6-UNIT INVESTMENT PROPERTY ON SCENIC BANNOCK TRAIL IN YUCCA VALLEY! Built in 1986 (no pre-1978 lead/asbestos liability), this premium asset features a uniform mix of ALL 2-Bed/1-Bath units with attached 1-car garages and updated garage doors. *** MAJOR UPGRADES COMPLETED: (1) NEW ROOFS: all 3 buildings with contractor warranties. (2) HVAC: 4 of 6 units feature updated rooftop swamp coolers (installed within 3 years). (3) SEWER: Fully connected to city municipal sewer; old septic system eliminated. (4) INTERIORS: 100% rehabbed with new modern flooring and fresh paint. *** OPERATIONAL & FINANCIAL HIGHLIGHTS: Asset is professionally broker-managed with clean CAR-compliant leasing forms and mandatory tenant renters insurance. All utilities—including water, gas, and electricity—are individually metered to tenants, keeping annual owner expenses lean at $33,244. Scheduled gross monthly rent roll increases to $8,550 on Nov 26, 2026 ($102,600 Actual GSI / $64,226 NOI / 5.79% Entry Cap Rate / 10.82 GRM). Tremendous Pro Forma upside of $120,000 GSI based on target market rents ($1,666/unit) yielding a future 7.28% Cap Rate. *** SHOWING INSTRUCTIONS: STRICTLY DRIVE-BY ONLY. Do not disturb tenants. Showings are strictly contingent upon an accepted offer and verified Earnest Money Deposit (EMD). *** LEGAL DISCLAIMERS: Property is sold strictly AS-IS regarding roofs, sewer, cooling, and flooring; no price-chipping or credits will be entertained during due diligence. Buyer and Buyer's Agent to verify all info, including square footage, utility metering, permits, sewer connections, and financial projections. Info deemed reliable but not guaranteed.
Additional Information
- Appliances
- 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.