13584 Yakima Rd - Apartments FOR SALE


Apple Valley, CA 92308
$1,995,000 USD
949-996-7679
13584 Yakima Rd, Apple Valley, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/12
null | 5.8% Cap Rate

13584 Yakima Rd
Apple Valley, CA 92308


HIGHLIGHTS

  • 11 spacious units – (8) 2B/1B & (3) 2B/1.5B layouts
  • Strong occupancy – 91% leased, ensuring stable cash flow
  • Ample parking – 9 private garages & 13 parking spaces
  • Tenant-paid electric & gas – Lower operating expenses for owners
  • Market CAP Rate: 7.46% – Solid investment returns

OVERVIEW

Introducing an exceptional investment opportunity in Apple Valley, California – 13584 Yakima Rd. This well-maintained property, built in 1986, boasts 11 units with a mix of two-bedroom layouts, offering a reliable income stream for savvy investors. The attractive property features private patios for each unit, enhancing tenant appeal and retention rates. Benefiting from a convenient location near schools and shopping centers, this multifamily property presents a solid addition to any investment portfolio. With a current occupancy rate of 91%, each unit is designed for quality living, ensuring tenant satisfaction and consistent rental income. Notable highlights include the upcoming Brightline West high-speed railway project, set to connect Los Angeles to Las Vegas with a stop in Apple Valley, further enhancing the area's accessibility and desirability. Don't miss out on this opportunity to own 13584 Yakima Rd and capitalize on its potential in this thriving market.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,364

CAP RATE

5.8%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

R3, Apple Valley

APN/PARCEL ID

3087-301-20

ASK ABOUT THIS PROPERTY

Thomas BeniamenCommercial Real Estate Investors IncMore Info
949-996-7679

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Thomas BeniamenCommercial Real Estate Investors IncMore Info
949-996-7679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.