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Raul Garcia

[email protected] +1(310) 753-0768

$ 1,125,000

Est. payment -/mo

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Pending

21430 Nisqually RD Apple Valley, CA 92308

4,896 SqFt

UPDATED:

10/18/2024 04:48 PM

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

Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443

Raul Garcia

+1(310) 753-0768

Raul Garcia

21430 Nisqually RD Apple Valley, CA 92308

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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21430 Nisqually RD