Description
Great investment opportunity with upside! 11 units in apple valley!
6.0% current cap rate. 7.7% market cap rate (8.4% market cap rate w/ added adu. adu opportunity for the back garage space.
one (1) 3br 1ba and ten (10) 1br 1ba units.
10 carport spaces and 1 garage (being cleared for adu).
10 of 11 units have been refurbished within the last 6 years. most windows have been upgraded to new dual pane windows.
all landscaping was redone in full "desertscape" 3 years ago.
units always have rented quickly. quiet tenants. quiet bldg.
on site laundry income (wash machines leased)
Property Type
Residential IncomeCounty
San BernardinoStyle
Residential IncomeAD ID
50420451
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1959
- Building Area Total: 7,606
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4951
- Lot Size Source: Assessor
- Lot Size Square Feet: 21567
-
Listing Information
Listing Price Information
- Original List Price: 1,695,000
- Listing Contract Date: 2025-07-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 0473037030000
- Tax Year: 2024
- Annual Tax: 12587
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: APPV - Apple Valley
- Postal Code Plus 4: 2530
- Directions: 1/4 mile east of US Hwy 18 & Tao St intersection
- Source Property Type: Residential Income
- Area: APPV - Apple Valley
- Property SubType: Apartment
Building and Construction
- Property Age: 66
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 07/26/2025 @ 06:52
- MLS: PW25157357
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 7,606 sqft, 21,567 sized lot, and 1 parking. are nearby neighborhoods.