15535 Broken Bow Rd - Apartments FOR SALE


Apple Valley, CA 92307
$1,040,000 USD
714-448-4300
15535 Broken Bow Rd, Apple Valley, CA for Sale
$1,040,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

15535 Broken Bow Rd
Apple Valley, CA 92307


HIGHLIGHTS

  • Value-Add Opportunity
  • All 2 Bed / 1 Bath Units
  • Renovation & Lease-Up Upside
  • Multiple Units Vacant for Immediate Renovation
  • Onsight Parking
  • Well-Spaced Lot With Operational Flexibility

OVERVIEW

15535 Broken Bow Rd presents an opportunity to acquire an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units in Apple Valley. The property offers significant upside potential through continued renovations, lease-up of vacant units, and future rental increases on the existing occupied units which are currently below market. Few of the units have already been taken down to the studs, creating an opportunity for a new owner to complete renovations to their preferred standard and capitalize on increased market rents. The remaining occupied units provide in-place income while allowing for a phased repositioning strategy over time. The property is well suited for an investor seeking a true value-add opportunity with operational upside rather than a fully stabilized asset. The consistent 2-bedroom floorplans, efficient layouts, and strong demand for affordable workforce housing in the High Desert position the property for long-term rental demand once improvements are completed. Conveniently located near retail centers, schools, and major commuter routes, the property provides tenants with access to everyday amenities throughout the Apple Valley market.

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

8

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R, Apple Valley

APN/PARCEL ID

0441-231-13

ASK ABOUT THIS PROPERTY

Azhar SabirHT VENTURES, INC, Raja RealtyMore Info
714-448-4300

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Azhar SabirHT VENTURES, INC, Raja RealtyMore Info
714-448-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.