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19087 Allegheny Rd
Apple Valley, CA 92307
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Rare Condo-Style Single-Story Asset: Features a desirable composition of 16 two-bedroom/two-bathroom single-story flats
- Extensive Recent Capital Improvements: Ownership has recently invested in a resurfaced parking lot, redone decks and railings
- Superior Parking and Storage: Every unit includes a detached garage and two large private patios, providing significantly more utility
- Compelling 26% Rental Upside: Income-producing investment boasting a strong 5.58% entry CAP rate with a clear path to a 7.75% pro forma yield
- Premium In-Unit Amenities: Units feature open-beam ceilings, brick fireplaces, central A/C, and interior laundry hookups
- Strategic Proximity to Major Medical Hubs: Located just 1.4 miles (3 minutes) from St. Mary Medical Center
Property Facts
| No. Units | 16 | Building Size | 17,360 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 1.37 AC | ||
| Zoning | R2, Apple Valley | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 17,360 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R2, Apple Valley |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $1,560 | 1,085 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,437,800 | |
| Land Assessment | $612,000 | Total Assessment | $3,049,800 |
Property Taxes
Parcel Numbers
Land Assessment
$612,000
Improvements Assessment
$2,437,800
Total Assessment
$3,049,800
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