Thank you
Albert Le
LE INVESTMENT GROUP
909-256-7889
HIGHLIGHTS: ProForma CAP Rate of 6.74% With a ProForma GRM of 9.47. Current CAP Rate of 4.66%./ Located Across the street from St. Mary's Medical Center/ Several schools in the vicinity that serve the community, including elementary, middle, and high schools. These educational institutions offer options for families with school-age children./ Apple Valley is known for its outdoor recreational opportunities. There are several parks in the area, such as Civic Center Park, Mojave Narrows Regional Park and Horsemen's Center Park, where residents can enjoy open spaces, playgrounds, sports facilities, and community events./ Turn Key Financeable Asset. The Apple Valley Road Apartment community is located on the corner lot of Hwy 18 and Apple Valley Rd. The 6 unit apartment is composed of (6) 2-bedroom / 1 bathroom units that are approximately 854 Sq. Ft. The owner has invested in recent capital improvements that include renovated units. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1956
Building Area Total: 5,085
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.8415
Lot Size Source: Assessor
Lot Size Square Feet: 36656
Original List Price: 1,125,000
Listing Contract Date: 2023-07-17
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0473152160000
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: APPV - Apple Valley
Postal Code Plus 4: 2133
Directions: Intersection of Hwy 18 & Apple Valley Road
Source Property Type: Residential Income
Area: APPV - Apple Valley
Property SubType: Apartment
Property Age: 68
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Public Records
Entry Level: 1
Entry Location: floor
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Central Rd, Apple Valley, CA,92307 | $125,000 | -- | -- | -- | 200376 Sqft |
2 Fairview Valley Road, Apple Valley, CA,92307 | $23,500 | -- | -- | -- | 217800 Sqft |
Azusa Road, Apple Valley, CA,92307 | $25,000 | -- | -- | -- | 98881 Sqft |
Joshua Road, Apple Valley, CA,92307 | $265,000 | -- | -- | -- | 346738 Sqft |
Cordova Road, Apple Valley, CA,92307 | $65,000 | -- | -- | -- | 108900 Sqft |
Falchion Road, Apple Valley, CA,92307 | $89,000 | -- | -- | -- | 217800 Sqft |
Los Padres Road, Apple Valley, CA,92307 | $289,000 | -- | -- | -- | 435600 Sqft |
Arcata Road, Apple Valley, CA,92307 | $92,000 | -- | -- | -- | 91911 Sqft |
23323 Us Highway 18, Apple Valley, CA,92307 | $180,000 | -- | -- | -- | 73616 Sqft |
19575 Bear Valley Road, Apple Valley, CA,92307 | $1,100,000 | -- | -- | -- | 310147 Sqft |
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ByOwner last updated this listing 05/01/2024 @ 02:12
MLS: IV23145053
LISTED BY: ALBERT LE, LE INVESTMENT GROUP
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.