13584 Yakima RdApple Valley, CA 92308

Property Details for 13584 Yakima Rd

Year built

1986

Construction

WOOD FRAME

Lot size

0.97 AC

Property size (Sq ft)

10,260 SF

Property type

Apartment buildings

APN

3087-301-20-0000

APU

3087301200000

Description

This exceptional 11-unit apartment building presents a compelling value-add investment opportunity in the heart of Apple Valley, California. Located at 13584 Yakima Road, 92308, this two-story, 1986-built property offers a compelling pro-forma cap rate of 6.29% and a pro-forma NOI of $132,009. The asking price is $2,100,000, translating to approximately $190,909 per unit. All 11 units are two-bedroom apartments, providing consistency and potential for streamlined management. Each unit features central air conditioning and heating, enhancing tenant comfort and appeal. The property also includes garage parking, presenting a unique opportunity to explore the potential for generating additional income through accessory dwelling units (ADUs), subject to local regulations and approvals. Situated in a prime location within central Apple Valley, this property benefits from excellent access to local amenities, transportation routes, and a strong rental market. This is an ideal opportunity for investors seeking a value-add project with significant upside potential in a desirable California market. The property's strong fundamentals and potential for increased revenue make it a highly attractive investment prospect. Further due diligence is recommended to fully assess the potential returns and associated risks.

Location Insight

City

Apple Valley

County

San Bernardino

State

California

Latitude

34.4984

Longitude

-117.194

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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