27160 Vista Road
Helendale, CA 92342
MLS #SW16764104

Income
  • 23units
  • 24,268sq ft
Pending Sale $2,495,000
Est. P&I payment: $9529.21/mo
27160 Vista Road, Helendale, CA 92342
  • 27160 Vista Road, Helendale, CA 92342 Photo 1
  • 27160 Vista Road, Helendale, CA 92342 Photo 2
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Description for 27160 Vista Road, Helendale, CA 92342
This is a 40 unit property in transition from a Time Share project to apartment or multi condo unit rental. For all intents and purposes 23 of the 40 units are newly conceived as apartments and the units are just now in the process of being offered for long term rentals. Recently, the Timeshare management company was tasked to start renting 18 of the 23 units under long term rental agreements. The remaining 17 unit Timeshare project and its management company are not currently offered for sale. The information provided by the seller herein contains the prorated expenses along with the current and projected rent rolls for 23 the units being offered for sale. The owner will carry with a 1/3 down payment in cash or acceptable tradable equity. The buyer's cash down payment is the only qualification for the seller carry back first trust deed at 6% interest only, with monthly payments of $8,316.67 all due and payable at 72 months. Financing may be extended through negotiation ?at end of term?. The 23 units offered herein are located in a private resort know as Silver Lakes, which offers a Vacation where you Live' lifestyle, consisting of two lakes totaling 277 acres for boating, fishing, swimming, a 27 hole championship golf course, RV Park, Equestrian Center and a 20,000 square foot Clubhouse with tennis courts pool, gym, library, meeting and event halls, all of which are available to your tenants. Current CAP is 9.18%, Pro Forma CAP is 9.95%
MLS #SW16764104
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My Notes for MLS #SW16764104

General Features

  • Number Of Buildings: 4
  • Number Of Units Leased: 23
  • Number Of Units Total: 23
  • Year Built: 2007
  • Year Built Source: Seller
  • Zoning: RM
  • Elevation Units: Feet
  • Number Of Rented Garages: 2

Exterior Features

  • Carport Spaces: 42
  • Construction Materials: Frame
  • Roof: Flat
  • Fencing: None
  • Lot Features: Corner Lot
  • Lot Size SqFt: 41,338.44
  • Lot Size Units: Acres
  • View YN: 1
  • View: Desert,​Mountain
  • Garage Spaces: 4
  • Parking YN: 1
  • Parking Features: Assigned,​Carport
  • Parking Total: 46
  • Pool Features: Association
  • Architectural Style: Modern,​Spanish
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet,​Tile
  • Interior Features: Ceiling Fan,​Unfurnished
  • Levels: One
  • Room Type: All Bedrooms Down,​Main Floor Master Bedroom
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 1,060
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling YN: 1
  • Cooling: Central
  • Heating YN: 1
  • Heating: Central Furnace
  • Laundry Features: None
  • Utilities: Phone Available,​Sewer Connected
  • Water Source: Public
  • Road Frontage Type: Alley,​City Street
  • Road Surface Type: Alley Paved,​Paved
  • Appliances YN: 1
  • Appliances: Gas Stove
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 4

Financial Features

  • Gross Scheduled Income: 357,420
  • Insurance Expense: 4,000
  • Net Operating Income: 229,101
  • Operating Expense: 128,318
  • Other Expense: 72,624
  • Price Per SqFt: 102.81
  • Professional Management Expense: 17,871
  • Total Expenses: 128,318
  • Water Sewer Expense: 14,479
  • Association Fee: 188
  • Association Fee Frequency: Monthly
  • Tax Lot: 1-23
  • Gross Income: 357,420
  • New Taxes Expense: 25,740
  • Other Expense Description: HOA Dues
  • Total Actual Rent: 301,260

Community Features

  • Community Features: Curbs,​Horse Trails,​Sidewalks
  • Association Amenities: Pool,​Spa,​Sauna,​Barbecue,​Picnic Area,​Playground,​Golf,​Tennis,​Horse Trails,​Gym/Ex Room,​Club House,​Banquet Facilities,​Recreational Multipurpose Room,​Meeting Room,​Common RV Parking,​Dues Paid Monthly

Miscellaneous Features

  • Additional Parcels YN: 1
  • Additional Parcels Description: 0467-771-02,​0467-771-03,​0467-771-04,​0467-771-05,​0467-771-06,​0467-771-07,​0467-771-08,​0467-771-09,​0467-771-10,​0467-771-11,​0467-771-12,​0467-771-13,​0467-771-14,​0467-771-15,​0467-771-16,​0467-771-17,​0467-771-18,​0467-771-19,​0467-771-20,​0467-771-21,​ 0467-771-22&23
  • Building Area Total: 24,268
  • Building Area Units: Square Feet
  • Days On Market: 253
  • Lot Size Source: Seller
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 253
  • Tax Census Tract: 117
  • Tax Tract Number: 10,235

Location

 
Street View Not Available
Directions to 27160 Vista Road, Helendale, CA 92342
From National Trails, turn left onto Vista Rd. Property is on your right.
Listing information for 27160 Vista Road, Helendale, CA 92342 was graciously provided by our friends at the listing brokerage, Landcore Realty and by listing agent Maley Kristen DRE# 01334712 and Keeran Robert DRE# 00524765

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/19/2018 at 5:59am
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