16025 Chehalis RdApple Valley, CA 92307

Property Details for 16025 Chehalis Rd

Year built

1985

Construction

WOOD FRAME

Lot size

0.67 AC

Property size (Sq ft)

5,748 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

0441-093-22-0000

APU

441093220000

Description

This exceptional investment opportunity presents a six-unit apartment building situated on a 0.67-acre lot in the desirable Apple Valley, California neighborhood. The property, located at 16025 Chehalis Rd, 92307, boasts a total of 5,748 square feet and comprises three buildings. The complex includes five two-bedroom, one-bathroom apartments and one three-bedroom, two-bathroom unit, offering a diverse mix of rental options. With twelve parking spaces available for residents, ample parking is ensured. Built in 1985, the property offers a solid foundation for continued income generation. The asking price is $1,495,000, translating to a price per square foot of $260.09. The property's strong performance is reflected in its Net Operating Income (NOI) of $62,372, and a scheduled annual gross income of $82,800. The property's Assessed Parcel Number (APN) is 0441093220000. This multifamily property presents a compelling investment opportunity in a thriving California market. The combination of strong rental income, desirable location, and manageable unit count makes this an attractive proposition for seasoned investors and those seeking a stable, income-producing asset.

• CAP approach

  CAP return

  Valuation

  6%

  $1,662,543

  6.5%

  $1,534,655

  7%

  $1,425,036

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,391,796

  Geo Method

  $1,694,212

• Alternative Use

  Use

  Valuation

  Residential

  $1,534,655

  Hospitality

  $1,405,736

  Educational

  $1,169,555

  Medical

  $1,209,778

  Retail

  $1,819,308

Location Insight

City

Apple Valley

County

San Bernardino

State

California

Latitude

34.5427

Longitude

-117.223

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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