15811 Apple Valley Road

Apple Valley, CA 92307

$1,125,000
Price
2
Beds
5,085 Sq. Ft.
$221 / Sq. Ft.
5,085
Sq. Ft.
$221
per Sq. Ft.

Description

HIGHLIGHTS: ProForma CAP Rate of 6.74% With a ProForma GRM of 9.47. Current CAP Rate of 4.66%./ Located Across the street from St. Mary's Medical Center/ Several schools in the vicinity that serve the community, including elementary, middle, and high schools. These educational institutions offer options for families with school-age children./ Apple Valley is known for its outdoor recreational opportunities. There are several parks in the area, such as Civic Center Park, Mojave Narrows Regional Park...HIGHLIGHTS: ProForma CAP Rate of 6.74% With a ProForma GRM of 9.47. Current CAP Rate of 4.66%./ Located Across the street from St. Mary's Medical Center/ Several schools in the vicinity that serve the community, including elementary, middle, and high schools. These educational institutions offer options for families with school-age children./ Apple Valley is known for its outdoor recreational opportunities. There are several parks in the area, such as Civic Center Park, Mojave Narrows Regional Park and Horsemen's Center Park, where residents can enjoy open spaces, playgrounds, sports facilities, and community events./ Turn Key Financeable Asset. The Apple Valley Road Apartment community is located on the corner lot of Hwy 18 and Apple Valley Rd. The 6 unit apartment is composed of (6) 2-bedroom / 1 bathroom units that are approximately 854 Sq. Ft. The owner has invested in recent capital improvements that include renovated units. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
  1. Listed by ALBERT LE • DRE #01468313 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 909-256-7889
  2. Listed by DARREN CORREA • DRE #02066621 • Brokerage DRE #01923766 • LE INVESTMENT GROUP

Property Details for 15811 Apple Valley Road

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5085
Assessor Parcel Number
0473-152-16-0000
Property Attached YN
true

Location

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313; LE INVESTMENT GROUP, DARREN CORREA, DRE #02066621
Add your commute
LISTING UPDATED: 01/24/2024 07:37 AM

Property Details for 15811 Apple Valley Road

StatusActive
MLS #IV23145053
Days on Market268
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountySan Bernardino County

Location

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313; LE INVESTMENT GROUP, DARREN CORREA, DRE #02066621
Add your commute

Building Information for 15811 Apple Valley Road

Building/Complex15811 Apple Valley RdFloor-Stories1Residences-Pet Policy-Year Built1956Building Size-

Payment Calculator

$6,971 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$831

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15811 Apple Valley Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $39,307
  • Gross Scheduled Income: $114,048
  • Net Operating Income: $75,870
Expense Details
  • Operating Expense: $38,178
  • Fuel Expense: $1,000
  • Electric Expense: $1,200
  • Insurance Expense: $3,600
  • Professional Management Expense: $4,562
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,500
  • Total Expenses: $28,510
Tax / Assessment Info
  • Tax Tract Number: 4994
  • Tax Census Tract: 97.22
  • CFD/Mello-Roos Fee: $1,569
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $975
  • Unit Type Total Rent: $6,793
  • Unit Type Pro Forma: 9900
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 15811 Apple Valley Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 15811 Apple Valley Road

Taxable ValueLand$102,000Additions$714,000Total$816,000
Tax Record2023$9,977 ($831 / month)
Home Facts
Total Finished SqFt5,085 SqFtAbove Grade Finished SqFt5,085 SqFtStories1Lot Size36,656 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountySAN BERNARDINOAPN0473-152-16-0000

Schools near 15811 Apple Valley Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 12
Public - 9 to 12
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

Vanguard Preparatory School
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.

Similar Homes

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15811 Apple Valley Road is a multi-family home for sale in Apple Valley, CA 92307. This property was listed for sale on July 17, 2023 by LE INVESTMENT GROUP, it's currently listed at $1,125,000. It has been on the market for a total of 268 days and was last sold on October 30, 2018. This listing's school district is Apple Valley Unified School District. Nearby schools include Desert Knolls Elementary School, High Desert Premier Academy and Granite Hills High School. 15811 Apple Valley Road is a 2-bed, 0-bath, 5,085 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313; LE INVESTMENT GROUP, DARREN CORREA, DRE #02066621

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.