2425 Alta Sierra

    Lake Isabella, CA 93240
    • $154,900
    • STATUS: Active Under Contract
    • ON SITE: 322 days
    • ID#: OC18227289
    Under Contract
    UPDATED: 39 min ago
    $154,900
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,705
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Excellent duplex for first time investors. Occupy one and rent out the other, or rent out both. Affordable and well maintained duplex of 2 bedrooms, 1 bath with huge 2 car garage and 1 BR with 1 Bath without a garage and instead with a huge yard with fruit trees (cherry & peach). Larger unit is approximately 1025 sq. ft. The 1 BR is approximately 680. Large living rooms, bedrooms and spacious kitchens make these units a perfect size for a first home and investment. View of mountains. A great beginning for any one who can put together a little cash. Try low down conventional financing to own rather than rent. Call agent for an analysis to suit your budget. This is a Trust Sale. No Court approval is necessary. The property is being sold in its current "AS IS, WHERE IS CONDITION." HUD APPROVED rent increase on 1 BR of $667.00 Great cap rate for a small investment.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. 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 or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/88985546

    2425 Alta Sierra Lake Isabella, CA 93240

    • Price: $154,900
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: OC18227289
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1,705
    SQFT
    $91
    $/SQFT
    1958
    Built
    Neighborhood:
    LKIS - Lake Isabella
    County:
    Kern
    Area:
    LKIS - Lake Isabella
    Property Description
    Excellent duplex for first time investors. Occupy one and rent out the other, or rent out both. Affordable and well maintained duplex of 2 bedrooms, 1 bath with huge 2 car garage and 1 BR with 1 Bath without a garage and instead with a huge yard with fruit trees (cherry & peach). Larger unit is approximately 1025 sq. ft. The 1 BR is approximately 680. Large living rooms, bedrooms and spacious kitchens make these units a perfect size for a first home and investment. View of mountains. A great beginning for any one who can put together a little cash. Try low down conventional financing to own rather than rent. Call agent for an analysis to suit your budget. This is a Trust Sale. No Court approval is necessary. The property is being sold in its current "AS IS, WHERE IS CONDITION." HUD APPROVED rent increase on 1 BR of $667.00 Great cap rate for a small investment.
    Exterior Features

    Garage Spaces 2.00 Lot Features Back YardDesert FrontLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 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 852 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Evaporative Cooling Cooling YN Yes Laundry Features Gas Dryer HookupInsidePropane Dryer HookupWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 7.80 Community Features Rural Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 845.00 Gross Income 16344.00 Gross Multiplier 9.47 Gross Scheduled Income 16344.00 Insurance Expense 539.00 Land Lease YN No Laundry YN Yes Net Operating Income 12113.00 New Construction YN No New Taxes Expense 2075.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number With Carpet 2 Number With Range 2 Number With Refrigerator 1 Operating Expense 4231.00 Present Loans 101069 Rent Control YN No Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Total Actual Rent 1280.00 Total Expenses 4231.00 Trash Expense 270.00 Utilities Electricity ConnectedPropane Water Sewer Expense 502.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Silvana Raiola of Landmark Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. 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 or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024