DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present Yakima Apartments, a 11-unit multifamily investment property located in the City of Apple Valley, California. This offering presents qualified investors the opportunity to acquire a true, value-add asset in the growing submarket of the High Desert. Located within short commute to St. Mary’s Medical Center & supporting medical businesses, the offering benefits from its easy access to retail, entertainment, schools & freeways all within reach. Interstate 15 and State Route 18 grant access to surrounding employment hubs throughout the Inland Empire, Los Angeles & Orange County regions. The subject property consists entirely of large, two-bedroom & two-bedroom townhouse style units ranging in size from 930 – 940 square feet of living space. Units are individually metered for gas & electricity with amenities that includes detached garages and on-site laundry room for tenants. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With favorable financing terms, upside potential, and growing demand for this submarket, the offering presents investors the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 32.73% upside in rents achievable at the property.
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Courtesy of Sean Hwangbo of REALTY ONE GROUP WEST
Based on information from California Regional Multiple Listing Service, Inc. as of June 27th, 2022 at 9:54pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.