For Sale
$725,000

21490 Bear Valley Rd Apple Valley, CA 92308

Four-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a four-unit apartment building located at 21490 Bear Valley Rd, Apple Valley, CA 92308, in San Bernardino County. The property, built in 1982, consists of two duplexes, each featuring two 2+1 bedroom units, totaling 3,500 square feet on a 26,174 square foot lot. Each unit boasts approximately 875 square feet of living space, a garage, and individual gas and electric meters, as well as separate water heaters and laundry hookups. Currently operating at 100% occupancy, with the lease expiring on October 26, 2024, this property offers immediate cash flow. The asking price is $725,000, translating to $181,250 per unit and $207.14 per square foot. The property is zoned RM and is a Class D multifamily building. This is a 1031 exchange eligible property, presenting a strong value proposition for investors seeking a stable, income-generating asset in a desirable location. The property features a single-story building and is not subject to a ground lease. The Assessor's Parcel Number (APN) is 3087-671-12-0000.

Highlights

  • Fourplex with two duplex units, averaging 875 square feet each.
  • Each unit features two bedrooms and one bathroom.
  • One-car garage included with each unit.
  • Individual gas and electric meters for each unit.
  • Separate water heaters for each unit.
  • Laundry hookups in each unit.

Property Details for 21490 Bear Valley Rd

Property type
Apartment buildings
Square Feet
3,500 SF
Class
D
Year Built
1982
Buildings
1
Stories
1
Units
4

Location Insight

City
Apple Valley
County
San Bernardino
State
California
Latitude
34.472188601299
Longitude
-117.1951926155

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, high occupancy.
Where is the apartment building located?
The property is located at 21490 Bear Valley Rd Apple Valley, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fourplex with two duplex units, averaging 875 square feet each.; Each unit features two bedrooms and one bathroom.; One-car garage included with each unit.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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21490 Bear Valley Rd
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