13584 Yakima RdApple Valley, CA 92308
- Residential income properties
- 10,260 SF
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
- Residential income properties
- Property subtype
- Other 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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