For Sale
$949,500

16247 Viho RdApple Valley, CA 92307

Four-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a four-unit apartment building located at 16247 Viho Rd, Apple Valley, CA 92307. The property, situated on a 0.562-acre lot, boasts a total of 3,388 square feet and was constructed in 1985. The building comprises three two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, offering a diverse mix of living spaces to attract a wide range of tenants. The property features four parking spaces, providing ample accommodation for residents. The asking price is $949,500, translating to a price per square foot of $280.25. The property's strong financial performance is evident in its Net Operating Income (NOI) of $61,502, with a scheduled annual gross income of $79,200. The property's Assessed Parcel Number (APN) is 0473353030000. This well-maintained multifamily property in San Bernardino County presents a compelling investment opportunity with significant potential for future growth and return. The property's location in Apple Valley offers convenient access to local amenities and services. This is an ideal addition to any investor's portfolio seeking stable income and appreciation potential in the California market.

Highlights

  • Four-unit apartment building in Apple Valley, CA on a 0.56-acre lot.
  • 3,388 square feet, built in 1985.
  • Unit mix: three 2bd/1ba, one 3bd/2ba.
  • Four parking spaces.
  • Asking price: $949,500 ($280.25/SF).
  • NOI: $61,502; Scheduled Gross Income: $79,200.

Property Details for 16247 Viho Rd

Property type
Apartment buildings
Square Feet
3,388 SF
Year Built
1985
Buildings
1
Lot Size (sq. ft)
24,481 SF
Units
4

Location Insight

City
Apple Valley
County
San Bernardino
State
California
Latitude
34.5463049
Longitude
-117.2709842
16247 Viho Rd, Apple Valley, California

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16247 Viho Rd
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