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- LoopNet Team
17802 Quantico Rd
Apple Valley, CA 92307
Heritage Desert Villa · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Offering Actual CAP Rate of 6.42 % / Attractive ProForma CAP Rate of 7.56 %
- Recent Capital Improvements To Include: 5 fully renovated units $2500 each, New Central A/C Units, Remote Gated Access, Keypad Access
- Fully Fenced, Secured Gated Keypad Entry For Added Tenant Security.
- Offering Actual GRM of 9.77, With a ProForma GRM of 8.45
- Fully Fenced, Secured Gated Keypad Entry For Added Tenant Security.
- Secure Onsite Parking With Private Garages
PROPERTY FACTS
| No. Units | 18 | Building Size | 15,732 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | Parking Ratio | 2.16/1,000 SF |
| Lot Size | 1.42 AC | ||
| Zoning | R3, Apple Valley | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.42 AC |
| Building Size | 15,732 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | R3, Apple Valley |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Security System
ABOUT 17802 QUANTICO RD , APPLE VALLEY, CA 92307
The 17802 Quantico apartment community is located on the corner lot of Potomac Road and Quantico Road. This oversized 1+ acre lot has great visibility from Highway 18 and Apple Valley Road. The Property has gated controlled access, security cameras, and covered onsite parking in the rear. The community is fully fenced, and only accessible through keyed entry. The eighteen unit apartment is composed of all 2 bedroom / 1 bathroom units that are approximately 874 Sq. Ft. The owner has invested in recent capital improvements that include renovated units, new A/C units, and a security system. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | $1,150 | 874 |
PROPERTY TAXES
| Parcel Number | 0473-153-22 | Improvements Assessment | $2,705,040 |
| Land Assessment | $249,696 | Total Assessment | $2,954,736 |
PROPERTY TAXES
