19170 Highway 18 - Apartments FOR SALE


Apple Valley, CA 92307
$1,695,000 USD
714-633-3600
19170 Highway 18, Apple Valley, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/72
null | 5.96% Cap Rate

19170 Highway 18
Apple Valley, CA 92307


OVERVIEW

Great Investment Opportunity with Upside! 11 units in Apple Valley! 6.0% Current CAP Rate. 7.7% Market CAP Rate (8.4% Market CAP rate w/ added ADU. ADU opportunity for the back garage space. One (1) 3BR 1BA and ten (10) 1BR 1BA units. 10 carport spaces and 1 garage (being cleared for ADU). 10 of 11 units have been refurbished within the last 6 years. Most windows have been upgraded to new dual-pane windows. All landscaping was redone in full "desertscape" 3 years ago. Units always rent quickly. Quiet tenants. Quiet Bldg. On-site laundry income (WASH machines leased)

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

11

PRICE/UNIT

$154,091

CAP RATE

5.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3, Apple Valley

APN/PARCEL ID

0473-037-03

ASK ABOUT THIS PROPERTY

Albert RicciRicci RealtyMore Info
714-633-3600

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Albert RicciRicci RealtyMore Info
714-633-3600

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