21
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$1,100,000
Est. payment /mo
4 Beds
3 Baths
0.66 Acres Lot
New
21911 Arapahoe Avenue Apple Valley, CA 92307
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25089010
Bedrooms 4
HOA Y/N No
Lot Size 0.659 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This fully occupied 7 unit multifamily property on 0.65 acres has been well kept and offers a terrific value add opportunity in an established area of Apple Valley. All tenants are currently MTM w/ no rent delinquencies, at below market rents allowing for a local and/or savvy investor to create value and maximize rents. NO local rent control! Built in 1989, this property totals 4,652sf in size and offers an impressive unit mix with (6) 1 bed/1 bath bungalow style units each with a spacious layout, full kitchen & bath, a large bedroom, central air/heat, and private patio area. There is a separate 3 bed/2 bath home with separate driveway access, a fully concreted area & carports for ample parking and outdoor space. Inside is large living area with a full kitchen & hallway bath, a primary suite w/ master bath, central air/ heat, private patio, and washer/dryer hookups inside. On a large 28,700sf corner lot, there are two driveways on each street w/ a total of 14 carport parking spaces to provide ample use by tenants & guests. With nice greenery, trees, and a decorative lawn; its hard to imagine youre in the high desert. Located in Apple Valley off highway 18 & the15 fwy near a busy retail corridor w/ tons of local restaurants & stores. This one is worth the look!
This fully occupied 7 unit multifamily property on 0.65 acres has been well kept and offers a terrific value add opportunity in an established area of Apple Valley. All tenants are currently MTM w/ no rent delinquencies, at below market rents allowing for a local and/or savvy investor to create value and maximize rents. NO local rent control! Built in 1989, this property totals 4,652sf in size and offers an impressive unit mix with (6) 1 bed/1 bath bungalow style units each with a spacious layout, full kitchen & bath, a large bedroom, central air/heat, and private patio area. There is a separate 3 bed/2 bath home with separate driveway access, a fully concreted area & carports for ample parking and outdoor space. Inside is large living area with a full kitchen & hallway bath, a primary suite w/ master bath, central air/ heat, private patio, and washer/dryer hookups inside. On a large 28,700sf corner lot, there are two driveways on each street w/ a total of 14 carport parking spaces to provide ample use by tenants & guests. With nice greenery, trees, and a decorative lawn; its hard to imagine youre in the high desert. Located in Apple Valley off highway 18 & the15 fwy near a busy retail corridor w/ tons of local restaurants & stores. This one is worth the look!
This fully occupied 7 unit multifamily property on 0.65 acres has been well kept and offers a terrific value add opportunity in an established area of Apple Valley. All tenants are currently MTM w/ no rent delinquencies, at below market rents allowing for a local and/or savvy investor to create value and maximize rents. NO local rent control! Built in 1989, this property totals 4,652sf in size and offers an impressive unit mix with (6) 1 bed/1 bath bungalow style units each with a spacious layout, full kitchen & bath, a large bedroom, central air/heat, and private patio area. There is a separate 3 bed/2 bath home with separate driveway access, a fully concreted area & carports for ample parking and outdoor space. Inside is large living area with a full kitchen & hallway bath, a primary suite w/ master bath, central air/ heat, private patio, and washer/dryer hookups inside. On a large 28,700sf corner lot, there are two driveways on each street w/ a total of 14 carport parking spaces to provide ample use by tenants & guests. With nice greenery, trees, and a decorative lawn; its hard to imagine youre in the high desert. Located in Apple Valley off highway 18 & the15 fwy near a busy retail corridor w/ tons of local restaurants & stores. This one is worth the look!
Location
State CA
County San Bernardino
Area Apple Valley (92307)
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Corner Lot, Curbs
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $214
Acceptable Financing Cash, Conventional, Exchange
Space Rent $5,651
Listing Terms Cash, Conventional, Exchange
Listed by Brian Noh • Nohco Real Estate
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