UPDATED:
09/30/2024 05:39 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 23,826 sqft
Price per Sqft $150
MLS Listing ID PW24135355
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1989
Lot Size 0.689 Acres
Property Description
INVESTMENT OVERVIEW
Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant
Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style
Parking: Each unit comes with a 2-car garage
Property Features:
Condition: Well-maintained property
Recent Upgrades: New roof * Updated fence and AC units HVAC
Layout: Open floor plan in all units - TOWNHOME STYLE
Amenities: No pool or additional amenities, leading to lower maintenance costs
Investment Potential:
Upside for New Buyer: Significant potential to increase rents or make improvements to boost value
Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates
Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters
Market and Financial Stability:
Rental Market: Stable with consistent demand
Maintenance: Low due to recent updates and absence of high-maintenance amenities
Advantages:
Location: Proximity to essential services and amenities increases tenant appeal.
Immediate Upside: Vacant units offer potential for immediate rent adjustments.
Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure.
Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs.
Conclusion:
This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The
combination of vacant units ready for market rate tenants, updated property features, and a prime location near essential services creates a
compelling case for investors seeking stable rental income with growth prospects.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Rooms
Other Rooms Second Garage
Ensuite Laundry Laundry Chute, Electric Dryer Hookup, Gas Dryer Hookup
Interior
Interior Features All Bedrooms Up, Jack and Jill Bath
Laundry Location Laundry Chute,Electric Dryer Hookup,Gas Dryer Hookup
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Convection Oven, Dishwasher, Gas Cooktop, Water Heater
Laundry Laundry Chute, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Assigned, Door-Multi, Garage, On Street
Garage Spaces 38.0
Garage Description 38.0
Fence Block, Wood, Wrought Iron
Pool None
Community Features Curbs, Mountainous, Sidewalks, Valley
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available
View Y/N Yes
View Hills, Neighborhood
Roof Type Composition,Tile
Parking Type Assigned, Door-Multi, Garage, On Street
Total Parking Spaces 48
Private Pool No
Building
Lot Description 16-20 Units/Acre, Walkstreet, Yard
Faces South
Story 2
Entry Level Two
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
Additional Building Second Garage
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 0473111080000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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