For Sale
$725,000

21490 Bear Valley RdApple Valley, CA 92308

Four-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
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
21490 Bear Valley Rd, Apple Valley, California

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21490 Bear Valley Rd
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