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Robinson Apartments 222 F St 19 Unit Apartment Building $1,379,000 ($72,579/Unit) 7.66% Cap Rate Needles, CA 92363

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EXECUTIVE SUMMARY

THE ROBINSON APARTMENTS Features 19 units. This complex is composed of 13 Studios and 6 units of 1 Bed. 1 Bath. Fully occupied. Note: 16 units has been remodeled three years ago including new roof. Colling wall window most of them. FULLY OCCUPIED. The Robinson Apartments inside of each unit well maintained and upgraded as needed.

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

Price $1,379,000
Price Per Unit $72,579
Sale Type Investment
Cap Rate 7.66%
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.19 AC
Building Size 13,471 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1920/2021
Opportunity Zone Yes
Zoning GC - General Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Free
  • Public Transportation
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 13 - 220 - 338
1+1 6 - 310

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0186-103-23
Land Assessment
$104,040 (2025)
Improvements Assessment
$624,240 (2025)
Total Assessment
$728,280 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 35952087

  • Date on Market: 5/22/2025

  • Last Updated:

  • Address: 222 F St, Needles, CA 92363

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