Apple Valley, CA 92308,21430 Nisqually Road
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY

$1,050,000

$1,125,000

6.7%
Est.Price: ?

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Est. payment /mo

4,896 SqFt


SOLD DATE : 10/22/2024

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,896 sqft

Price per Sqft $214

MLS Listing ID CRCV24175165

Sold Date 10/22/24

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1965

Lot Size 0.996 Acres

Property Sub-Type Other

Property Description

We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schoo

Location

State CA

County San Bernardino

Interior

Fireplace No

Laundry Gas Dryer Hookup, Other

Building

Water Public

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