DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a gated, 9-unit multifamily investment property located in the City of Apple Valley, California. This offering presents qualified investors the opportunity to acquire a value-add asset in Desert Knolls, one of the most desirable submarkets of the High Desert in the Inland Empire. Located blocks from 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 expansive, two- and three- bedroom units ranging in size from 861 – 1,322 square feet of living space. Units are individually metered for gas & electricity with amenities that include: gated access, garages, courtyard, and on-site laundry room. 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 41.31% upside in rents achievable at the property.
|Status Changed from Active to Pending||–|
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 10:02pm 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.