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16137 Apple Valley Rd 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 5.58% Cap Rate Apple Valley, CA 92307
INVESTMENT HIGHLIGHTS
- First time on the market in over 40 years.
- Six well-maintained 2-bedroom, 2.5-bath townhouse style units built in the 1980's.
- Each unit has its own in-unit washer and dryer.
- Nestled in the desirable Upper Desert Knolls neighborhood of Apple Valley.
- Attached one-car garages (8 total) with direct access to each unit.
EXECUTIVE SUMMARY
First time on the market in over 40 years. Nestled in the desirable Upper Desert Knolls neighborhood of Apple Valley, this charming community features six well-maintained 2-bedroom, 2.5-bath townhouse style units built in the 1980's. Each unit offers the comfort of central air and heat, durable copper plumbing, separate metering, its own private patio and balcony and a classic pitched roof that add to the timeless appeal. Residents enjoy the convenience of attached one-car garages (8 total) with direct access to each unit and each unit has its own in-unit washer and dryer. Only subject to AB1482, no other local rent control ordinance.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 6,021 SF |
| Cap Rate | 5.58% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.16/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 6,021 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.16/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 6 | $1,377 | 1,000 |
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PROPERTY TAXES
| Parcel Number | 0473-381-04 | Total Assessment | $703,716 (2025) |
| Land Assessment | $75,064 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $628,652 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0473-381-04
Land Assessment
$75,064 (2025)
Improvements Assessment
$628,652 (2025)
Total Assessment
$703,716 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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16137 Apple Valley Rd
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