26650 Chipeta Rd - Apartments FOR SALE


Apple Valley, CA 92307
$899,000 USD
626-664-1341
26650 Chipeta Rd, Apple Valley, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/21
null | 6.35% Cap Rate

26650 Chipeta Rd
Apple Valley, CA 92307


HIGHLIGHTS

  • Fully Occupied & Stable Income: 100% occupancy ensures immediate, consistent cash flow for the investor.
  • Prime Location & Connectivity: Strategically located near major freeways and just miles from the Apple Valley Airport, offering residents easy access
  • Owner Expense Minimization: Electric service is direct-metered and paid by tenants, significantly reducing the owner's operating expenses.

OVERVIEW

Martinez & Associates is proud to present Josma Road Apartments, a fully occupied, 6-unit investment property located at 26650 Josma Rd in Apple Valley, CA. This stable asset is situated on a spacious 1.3 acre lot and offers a consistent income stream for the savvy investor, featuring an attractive 6% Cap Rate and $57,040 NOI based on the provided sale details. The property's operational efficiency is enhanced by tenants paying for their own direct-metered electric. Furthermore, the property benefits from highly effective management and is strategically located for future appreciation.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$16 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,833

CAP RATE

6.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Josma Drive Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

RE

APN/PARCEL ID

0437-611-07,0437-611-07-0000

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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