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$2,600,000
Est. payment /mo
4 Sqft Lot
UPDATED:
10/16/2024 09:30 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV24208870
Originating Board California Regional MLS
Year Built 1972
Lot Size 4 Sqft
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 opportunit
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Laundry Laundry Area
Exterior
Garage Spaces 27.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 3087351060000
Special Listing Condition Not Applicable
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Listed by John Stephens • KW COMMERCIAL
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033