22526-22544 Sioux Road

Apple Valley, CA 92308

$5,750,000
Price
11
Beds
73
Baths
38,730 Sq. Ft.
$148 / Sq. Ft.
38,730
Sq. Ft.
$148
per Sq. Ft.

Description

One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new...One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.
  1. Listed by Jerrad Schendel • DRE #01971338 • Brokerage DRE #01857050 • Coldwell Banker Commercial Rea • jerrad.schendel@cbcinland.com
  2. Listed by Robert Basen • DRE #00521368 • Brokerage DRE #01857050 • Coldwell Banker Commercial Rea

Property Details for 22526-22544 Sioux Road

Parking Spaces Total
18
Private Pool
No
Total Units
38.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
38730
Assessor Parcel Number
0439-392-38-0000
Property Attached YN
true

Location

Listing Courtesy of Coldwell Banker Commercial Rea, Jerrad Schendel, DRE #01971338; Coldwell Banker Commercial Rea, Robert Basen, DRE #00521368
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LISTING UPDATED: 04/16/2024 08:17 AM

Property Details for 22526-22544 Sioux Road

StatusActive
MLS #HD23204397
Days on Market182
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1986
CountySan Bernardino County

Location

Listing Courtesy of Coldwell Banker Commercial Rea, Jerrad Schendel, DRE #01971338; Coldwell Banker Commercial Rea, Robert Basen, DRE #00521368
Add your commute

Building Information for 22526-22544 Sioux Road

Building/Complex22526-22544 Sioux RdFloor-Stories2Residences-Pet Policy-Year Built1986Building Size-

Payment Calculator

$31,380 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,380

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 22526-22544 Sioux Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $532,079
  • Gross Scheduled Income: $525,030
  • Vacancy Allowance: 1575
  • Gross Operating Income: $509,279
  • Net Operating Income: $331,031
  • Laundry Income: $22,800
Expense Details
  • Operating Expense: $178,247
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $178,247
Tax / Assessment Info
  • Tax Tract Number: 99
  • Tax Census Tract: 97.12
  • Tax Lot: 99
Community / Development
Community / Development
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: Front
  • Pool Features: Community, Fenced, See Remarks
  • Pool Description: Fenced, Other
Land/Lot Info
  • Additional Parcels Description: 0439392390000
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 38
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Private
  • Sewer: None
  • Water Source: Private
Parking Info
  • Garage Spaces: 18
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 18
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $170,466
  • Unit Type Total Rent: $170,466
  • Unit Type Pro Forma: 267960
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $75,960
  • Unit Type Total Rent: $75,960
  • Unit Type Pro Forma: 109500
  • 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 Actual Rent: $28,044
  • Unit Type Total Rent: $28,044
  • Unit Type Pro Forma: 43020
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $54,360
  • Unit Type Total Rent: $54,360
  • Unit Type Pro Forma: 76560
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $112,320
  • Unit Type Total Rent: $112,320
  • Unit Type Pro Forma: 244800
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 38
  • Rent Controlled: No
  • Number Of Buildings: 9
  • Number Of Separate Electric Meters: 38
  • Number Of Separate Gas Meters: 38
  • Number Of Separate Water Meters: 2

Property History for 22526-22544 Sioux Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 22526-22544 Sioux Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 12
Rating
School
Distance
Sandia Elementary School
PublicK to 8

Granite Hills High School
Public9 to 12

Vanguard Preparatory School
PublicK to 8

High Desert Premier Academy
PublicK to 12

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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22526-22544 Sioux Road is a multi-family home for sale in Apple Valley, CA 92308. This property was listed for sale on November 6, 2023 by Coldwell Banker Commercial Rea, it's currently listed at $5,750,000. This listing's school district is Apple Valley Unified School District. Nearby schools include Sandia Elementary School, Granite Hills High School and Vanguard Preparatory School. 22526-22544 Sioux Road is a 11-bed, 73-bath, 38,730 sqft multi-family home built in 1986.

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 Coldwell Banker Commercial Rea, Jerrad Schendel, DRE #01971338; Coldwell Banker Commercial Rea, Robert Basen, DRE #00521368

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.