22526 Sioux Road

Closed 4/25/20
Closed 4/25/20
Gallery Image 1
Sold
Last Sold Price
$3,562,500
6 beds73 baths38,280 sqft
22526 Sioux Rd, Apple Valley, CA 92308
Multi FamilyProperty Type
4.03 acresLot Size
1986Year Built
$93/sq ftPrice per sq ft
79 carsParking Spaces

Description

Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car...Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car spaces. Well located just 1.5 miles from Apple Valley High School and 5.2 miles from Victor Valley College. This investment property offers an investor the opportunity to acquire an asset with current cash flow and a substantial upside potential as current rents are under market. Priced well below replacement costs at a price per unit of $94,605 and a price per square foot of $93.91, this represents one of the best value opportunities in the high desert.
  • Listed by: Ignacio Diaz Jr. DRE #01379930 Brokerage DRE #01887671 • Investment Capital Real Estate
Listing closed: 04/25/2020 12:00 AM • Source: CRMLS, MLS#: NP19195372
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Location

Listing Courtesy of Investment Capital Real Estate, Ignacio Diaz Jr., DRE #01379930

Sold By Coldwell Banker Commercial Rea, Robert Basen, DRE #00521368

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Property Information for 22526 Sioux Road

Property Details
  • MLS Type: Residential Income
  • County: San Bernardino County
  • Parking Spaces Total: 79
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 38.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 38280
  • Assessor Parcel Number: 0439-392-38-0000
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 38280
  • Building Area Units: Square Feet
  • Pool: No
  • Zoning: Assessor
  • Senior Community: No
  • Parcel Number: 0439392380000
  • Area: Apple Valley (APPV)
  • Directions: 15 Freeway to Bear Valley Rd. Exit, Head East to Central Rd. and turn Left, Property on Right Hand Side
Building Information
  • Year Built: 1986
  • Lot Size: 4.03 AC / 175,546 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $356,460
  • Gross Scheduled Income: $356,460
  • Vacancy Allowance: 14258
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $342,202
  • Net Operating Income: $215,560
  • Gross Multiplier: 10.09
  • Cap Rate: 6.0
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $130,242
  • Operating Expense Percent: 38.00%
  • New Taxes Expense: $41,343
  • Fuel Expense: $400
  • Electric Expense: $1,015
  • Insurance Expense: $11,400
  • Maintenance Expense: $17,640
  • Professional Management Expense: $13,688
  • Other Expense: $15,960
  • Other Expense Description: MNGER
  • Trash Expense: $9,232
  • Water Sewer Expense: $19,564
  • Total Expenses: $130,242
Tax / Assessment Info
  • Tax Tract Number: 392
  • Tax Census Tract: 97.12
  • Tax Lot: 38
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Additional Parcels Description: 043939239
  • Lot Features: 6-10 Units/Acre, Corner Lot
  • Lot Location: Rural, Corner Lot
  • Number Of Units: 38
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Uncovered Spaces: 65
  • Open Other Spaces Total: 65
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $849
  • Unit Type Total Rent: $13,584
  • Unit Type Pro Forma: 16800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 19
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $759
  • Unit Type Total Rent: $14,291
  • Unit Type Pro Forma: 17575
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $610
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 2325
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 38
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 39
  • Number Of Separate Gas Meters: 39
  • Number Of Separate Water Meters: 2

Property History for 22526 Sioux Road

DateEvent & SourcePriceAppreciation
Apr 25, 2020

Sold

SDMLS #NP19195372

$3,562,500—
Apr 25, 2020

Sold

CLAW #NP19195372MR

$3,562,500—
Apr 25, 2020

Sold

CRMLS #NP19195372

$3,562,500—
DateEvent & SourcePrice
04/25/2020

Sold

SDMLS #NP19195372

$3,562,500
04/25/2020

Sold

CLAW #NP19195372MR

$3,562,500
04/25/2020

Sold

CRMLS #NP19195372

$3,562,500

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

Public Records for 22526 Sioux Road

Taxable ValueLand$357,000Additions$2,244,000Total$2,601,000
Tax Record2025$24,601 ($2,050 / month)
Home Facts
Baths3Total Finished SqFt19,140 SqFtAbove Grade Finished SqFt19,140 SqFtLot Size80,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1986Year Renovated1986CountySAN BERNARDINOAPN0439-392-38-0000

Schools near 22526 Sioux Road

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

Granite Hills High School
Public9 to 12

Vanguard Preparatory School
PublicK to 8

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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Listing Courtesy of Investment Capital Real Estate, Ignacio Diaz Jr., DRE #01379930

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.