Apple Valley, CA 92308,21905 Powhatan RD
Apple Valley, CA 92308,21905 Powhatan RD
Apple Valley, CA 92308,21905 Powhatan RD
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$2,600,000
Est. payment /mo
4.76 Acres Lot
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UPDATED:

12/05/2024 05:12 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV24208870

HOA Y/N No

Year Built 1972

Lot Size 4.757 Acres

Property Description

Presenting a unique chance to acquire a multifamily property at 21905 Powhatan Rd, Apple Valley, CA, featuring 13 existing units with significant expansion potential. This strategically located property boasts additional land zoned under the recently approved Village Specific Plan, allowing for the development of up to 92 units, while retaining its grandfathered multifamily zoning status.

Key Features:

- Current Units: 13 well-maintained multifamily units, providing immediate rental income.
- Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion.
- Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process.
- Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs.
- Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants.

This property represents an exceptional investment opportunity in a thriving market. Whether you're looking to expand your real estate portfolio or embark on a new development project, 21905 Powhatan Rd offers the perfect blend of immediate income and long-term growth potential.

Location

State CA

County San Bernardino

Area Appv - Apple Valley

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 20

Pool None

Community Features Curbs

Utilities Available Sewer Connected, Water Connected

Total Parking Spaces 27

Private Pool No

Building

Lot Description 16-20 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot, Street Level, Value In Land

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 3087351060000

Acceptable Financing Cash to New Loan, Owner Will Carry, Owner May Carry

Listing Terms Cash to New Loan, Owner Will Carry, Owner May Carry

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by John Stephens • KW COMMERCIAL • 909-509-5916

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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