22526 22544 Sioux Road, Apple Valley, CA 92308
- $5,100,000
- Sold Price
- $5,100,000
- List Price
- $5,400,000
- Closing Date
- Feb 27, 2025
- Status
- CLOSED
- MLS#
- HD23204397
- Year Built
- 1986
- Lot Size
- 80,150
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 304
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
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Additional Information
- Pool Description
- Community, Fenced, See Remarks
- Garage Spaces Total
- 18
- Sewer
- None
- Water
- Private
- Attached Structure
- Attached
Mortgage Calculator
Listing courtesy of Listing Agent: Jerrad Schendel (jerrad.schendel@cbcinland.com) from Listing Office: Coldwell Banker Commercial Rea.
Listing sold by Jerrad Schendel from Coldwell Banker Commercial Rea
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.