21430 Nisqually RD Pending Save Request In-Person Tour Request Virtual Tour
Apple Valley,CA 92308
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 4,896 sqft
Price per Sqft $229
MLS Listing ID CV24175165
HOA Y/N No
Year Built 1965
Lot Size 0.996 Acres
Acres 0.9963
Property Description
We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns.
The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schools, and a family-friendly atmosphere that provides a high quality of life.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Rooms
Ensuite Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Fireplace No
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs,Gutter(s),Sidewalks
Total Parking Spaces 24
Private Pool No
Building
Lot Description 6-10 Units/Acre,Lot Over 40000 Sqft
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 3087334140000
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard