22526 22544 Sioux Road

Apple Valley, CA 92308

PRICE REDUCED

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-$1,100,000 (-16.92%)

$5,400,000

List Price

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1986

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Property Description

One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.

Listing Information

List Price $5,400,000
Status Pending
MLS HD23204397
Type Residential Income
Subtype Apartment
Year Built 1986
Lot Size 80,150
Structure Size N/A
DOM 305
Courtesy Of Coldwell Banker Commercial Rea
Listing Agent Jerrad Schendel DRE#01971338
Co-Listing Agent Robert Basen DRE#00521368

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Jerrad Schendel, Robert Basen, Coldwell Banker Commercial Rea . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 6th, 2024 at 6:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.