$699,000

7412 Cherokee Trail

Yucca Valley CA, 92284

Description

Rare 6-Plex within walking distance of Frontier Caf and revitalized Old Town. Short drive to Pioneertown and renown Pappy & Harriet's. Close to Joshua Tree and National Park. Fully occupied, excellent investment. Updated. Each unit has its own carport and patio. Ideal opportunity for investor searching for an under-utilized rising market where demand for rental properties has outpaced availability. With quickly rising rents in area, a prudent investor over time could possibly increase rents by 25% on par with some similar units in the area, allowing buyer to realize a 7% capitalization rate and possible 30% internal rate of return over a five year period (buyer to check).

Details

MLS#JT20235409
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1972
Days On Site14

Features

SQ Feet4,716
Units6
Building(s)1

Market Activity 92284

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Area Information
StateCA
CountySan Bernardino
CityYucca Valley
Zip Code92284
AreaDC521 - Central West
Listing VS Median (in 92284)
Price:
$699,000
low | high
Med:
$119,000
100% of Average
SqFt:
4,716
low | high
Med:
480
100% of Average
$ / SqFt:
$148
low | high
Med:
$248
17.263948497854% of Average
On Site:
14
low | high
Med:
76
18.421052631579% of Average
Listing Updated: November 27, 2020 10:40:29 PM PST
Bryan Wynwood LogoMLS Number: JT20235409
Listing Provided By:
Bryan Wynwood  of  Joshua Tree Modern
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.