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15762 Tuscola Road

Apple Valley, CA 92307
  • $3,590,000
  • STATUS: ACTIVE
  • ON SITE: 98 Days
  • ID#: PW24135355
UPDATED: 132 min ago
$3,590,000
  • 2
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

**LOCATION**TOWNHOME STYLE**VALUE ADD** INVESTMENT OVERVIEW Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style Parking: Each unit comes with a 2-car garage Property Features: Condition: Well-maintained property Recent Upgrades: New roof * Updated fence and AC units HVAC Layout: Open floor plan in all units - TOWNHOME STYLE Amenities: No pool or additional amenities, leading to lower maintenance costs Investment Potential: Upside for New Buyer: Significant potential to increase rents or make improvements to boost value Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters Market and Financial Stability: Rental Market: Stable with consistent demand Maintenance: Low due to recent updates and absence of high-maintenance amenities Advantages: Location: Proximity to essential services and amenities increases tenant appeal. Immediate Upside: Vacant units offer potential for immediate rent adjustments. Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure. Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs. Conclusion: This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The combination of vacant units ready for market rate tenants, updated property features, and a prime loc **LOCATION**TOWNHOME STYLE**VALUE ADD** INVESTMENT OVERVIEW Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style Parking: Each unit comes with a 2-car garage Property Features: Condition: Well-maintained property Recent Upgrades: New roof * Updated fence and AC units HVAC Layout: Open floor plan in all units - TOWNHOME STYLE Amenities: No pool or additional amenities, leading to lower maintenance costs Investment Potential: Upside for New Buyer: Significant potential to increase rents or make improvements to boost value Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters Market and Financial Stability: Rental Market: Stable with consistent demand Maintenance: Low due to recent updates and absence of high-maintenance amenities Advantages: Location: Proximity to essential services and amenities increases tenant appeal. Immediate Upside: Vacant units offer potential for immediate rent adjustments. Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure. Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs. Conclusion: This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The combination of vacant units ready for market rate tenants, updated property features, and a prime location near essential services creates a compelling case for investors seeking stable rental income with growth prospects.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
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15762 Tuscola Road Apple Valley, CA 92307

  • Price: $3,590,000
  • Status: ACTIVE
  • On Site: 98 Days
  • Updated: 132 min ago
  • ID#: PW24135355
2
Beds
0
Baths
0
½ Baths
0.69
Acres
Neighborhood:
Apple Valley (92307)
County:
San Bernardino
Area:
Apple Valley (92307)
Property Description
**LOCATION**TOWNHOME STYLE**VALUE ADD** INVESTMENT OVERVIEW Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style Parking: Each unit comes with a 2-car garage Property Features: Condition: Well-maintained property Recent Upgrades: New roof * Updated fence and AC units HVAC Layout: Open floor plan in all units - TOWNHOME STYLE Amenities: No pool or additional amenities, leading to lower maintenance costs Investment Potential: Upside for New Buyer: Significant potential to increase rents or make improvements to boost value Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters Market and Financial Stability: Rental Market: Stable with consistent demand Maintenance: Low due to recent updates and absence of high-maintenance amenities Advantages: Location: Proximity to essential services and amenities increases tenant appeal. Immediate Upside: Vacant units offer potential for immediate rent adjustments. Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure. Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs. Conclusion: This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The combination of vacant units ready for market rate tenants, updated property features, and a prime loc **LOCATION**TOWNHOME STYLE**VALUE ADD** INVESTMENT OVERVIEW Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style Parking: Each unit comes with a 2-car garage Property Features: Condition: Well-maintained property Recent Upgrades: New roof * Updated fence and AC units HVAC Layout: Open floor plan in all units - TOWNHOME STYLE Amenities: No pool or additional amenities, leading to lower maintenance costs Investment Potential: Upside for New Buyer: Significant potential to increase rents or make improvements to boost value Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters Market and Financial Stability: Rental Market: Stable with consistent demand Maintenance: Low due to recent updates and absence of high-maintenance amenities Advantages: Location: Proximity to essential services and amenities increases tenant appeal. Immediate Upside: Vacant units offer potential for immediate rent adjustments. Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure. Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs. Conclusion: This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The combination of vacant units ready for market rate tenants, updated property features, and a prime location near essential services creates a compelling case for investors seeking stable rental income with growth prospects.
Exterior Features

Exterior Stucco Parking Garage Desc Unit1 Assigned Pool N/K Roof CompositionTile/Clay Site CurbsSidewalks Spa N/K

Interior Features

Cooling Central Forced Air Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2

Property Features

Actual Cap Rate 2.54 Annual Expense Actual 106688 Buildings 3 Cfd Mello Roos Fee 3065.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 17.25 Gross Scheduled Income Actual 208116 Home Owners Fees 0.0 Monthly Total Fees 255 Possession Close of Escrow Terms CashConventional Unit Number For Unit1 1 Unit1 Rent Actual 17343.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Diva Rescia of Marcus & Millichap: 714-310-5707. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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