17935 Quantico Rd

Apple Valley, CA 92307

$2,070,000
Last Sold Price
5
Beds
40
Baths
20,800 Sq. Ft.
$100 / Sq. Ft.
20,800
Sq. Ft.
$100
per Sq. Ft.
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Closed 5/31/19
Closed 5/31/19

Description

Riverview Apartments consists of (16) 2 Bd/2Ba units and (4) 3 Bd/2 Ba townhouse style units. The units average over 1,000 sq. ft., and all units have a large balcony or patio. The 2 Bd/2 Ba units also include a tub and kitchen pantry. The building features a large courtyard and newly renovated pool. Each unit has 1 car port space, which includes a lockable storage unit, and there is ample open parking on site. At the list price, the going in cap rate is 6.10% (based on the 2017 Actual Collected...Riverview Apartments consists of (16) 2 Bd/2Ba units and (4) 3 Bd/2 Ba townhouse style units. The units average over 1,000 sq. ft., and all units have a large balcony or patio. The 2 Bd/2 Ba units also include a tub and kitchen pantry. The building features a large courtyard and newly renovated pool. Each unit has 1 car port space, which includes a lockable storage unit, and there is ample open parking on site. At the list price, the going in cap rate is 6.10% (based on the 2017 Actual Collected Income). There is significant rent upside achieved by bringing the rents to market, as well as an extremely high occupancy history. The property (approximately 7 miles from Victorville) boasts amazing views of the valley and the San Bernardino Mountains. The below rents are based off the current average rent/unit for the 2 Bd/2 Ba and 3 Bd/2 Ba units. The full Offering Memorandum is included as an attachment to this listing.
  1. Listed by Martin Ensbury • DRE #00815392 • Brokerage DRE #01368364 • Keller Williams Beach Cities
  2. Listed by Nicholas Galvan • DRE #01462572 • Keller Williams Beach Cities

Property Details for 17935 Quantico Road

View
Mountain(s), Valley
Parking Spaces Total
60
Private Pool
Yes
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
20800
Assessor Parcel Number
0473-156-01-0000
LISTING CLOSED: 05/31/2019 12:00 AM

Property Details for 17935 Quantico Road

StatusClosed
MLS #SB19001881
Days on Market133
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.76 AC / 33,000 SF
CountySan Bernardino County
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Location

Listing Courtesy of Keller Williams Beach Cities, Martin Ensbury, DRE #00815392; Keller Williams Beach Cities, Nicholas Galvan, DRE #01462572

Sold By EGL Properties Incorporated, Jason Hurst, DRE #02067523

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Building Information for 17935 Quantico Road

Stories2Residences-Year Built1972Building Size-Lot Size0.76 AC / 33,000 SF

Payment Calculator

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$11,655 per month

30 year fixed, 6.36% Interest

Principal and Interest

$10,315

Property Taxes

$1,340

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 17935 Quantico Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $217,353
  • Gross Scheduled Income: $217,353
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $217,353
  • Net Operating Income: $133,853
  • Financing: Cash
Expense Details
  • Operating Expense: $83,500
  • New Taxes Expense: $25,243
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $12,868
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $83,500
Tax / Assessment Info
  • Tax Tract Number: 4944
  • Tax Census Tract: 97.17
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Foothills, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Cooktop
  • Equipment: Dishwasher, Room
  • Interior Features: Balcony, Pantry
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • View Description: Mountains, Valley
  • Pool Features: Private
  • Pool Description: Private
  • Pool: Private
Land/Lot Info
  • Lot Features: 16-20 Units/Acre, Paved
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 20
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 40
  • Open Other Spaces Total: 40
  • Parking Garage Spaces: 20
  • Carport Spaces: 0
  • Parking Features: Asphalt, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 16
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $804
  • Unit Type Total Rent: $804
  • Unit Type Pro Forma: 1050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,020
  • Unit Type Total Rent: $1,020
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 20
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number With Range: 20

Property History for 17935 Quantico Road

DateEvent & SourcePriceAppreciation
May 31, 2019

Sold

CRMLS #SB19001881

$2,070,000—
May 31, 2019

Sold

SDMLS #SB19001881

$2,070,000—
May 31, 2019

Sold

CLAW #SB19001881MR

$2,070,000—
DateEvent & SourcePrice
05/31/2019

Sold

CRMLS #SB19001881

$2,070,000
05/31/2019

Sold

SDMLS #SB19001881

$2,070,000
05/31/2019

Sold

CLAW #SB19001881MR

$2,070,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 17935 Quantico Road

Taxable ValueLand$56,892Additions$1,120,762Total$1,177,654
Tax Record2025$16,079 ($1,340 / month)
Home Facts
Lot Size28,000 SqFtStyleMulti-Family Res (5+ Units)CountySAN BERNARDINOAPN0473-156-02-0000

Schools near 17935 Quantico Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Desert Knolls Elementary School
Public - K to 6
High Desert Premier Academy
Public - K to 12
Granite Hills High School
Public - 9 to 12
Apple Valley Virtual Academy
Public - K to 8
Rating
School
Distance
Desert Knolls Elementary School
PublicK to 6

High Desert Premier Academy
PublicK to 12

Granite Hills High School
Public9 to 12

Apple Valley Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beach Cities, Martin Ensbury, DRE #00815392; Keller Williams Beach Cities, Nicholas Galvan, DRE #01462572

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.