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$5,400,000
Est. payment /mo
1.84 Acres Lot
UPDATED:
01/03/2025 03:55 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRHD23204397
Originating Board California Regional MLS
Year Built 1986
Lot Size 1.840 Acres
Property Description
One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Laundry Washer/Dryer - Leased
Exterior
Parking Features No Parking
Garage Spaces 18.0
Pool Other, Pool - Fenced, Community Facility
Building
Sewer None
Water Private
Others
Tax ID 0439392380000
Special Listing Condition Not Applicable
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Listed by Jerrad Schendel • Coldwell Banker Commercial Rea
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033