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Sold for $5,100,000 on 02/27/25
  • Listing Provided by: 

    Jerrad Schendel DRE #01971338 jerrad.schendel@cbcinland.com,

    Coldwell Banker Commercial Rea,

    Robert Basen DRE #00521368,

    Coldwell Banker Commercial Rea

    $5,100,000

    22526-22544 Sioux Rd, Apple Valley, CA 92308

    --beds
    --baths
    38,730sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $5,094,700 Zestimate®
    $132/sqft
    $1,467 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: February 27, 2025 at 05:09pm

    Listing Provided by:

    Jerrad Schendel DRE #01971338 jerrad.schendel@cbcinland.com,

    Coldwell Banker Commercial Rea,

    Robert Basen DRE #00521368,

    Coldwell Banker Commercial Rea

    Bought with:

    Jerrad Schendel, DRE #01971338

    Coldwell Banker Commercial Rea

    Source: CRMLS,MLS#: HD23204397MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: See Remarks
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 38,730
    • Total interior livable area: 38,730 sqft

    Property

    Parking
    • Total spaces: 18
    • Parking features: None
    • Garage spaces: 18
    Features
    • Entry location: Front
    • Pool features: Community, Fenced, See Remarks
    Lot
    • Size: 1.84 Acres
    • Features: 16-20 Units/Acre
    Details
    • Additional parcels included: 0439392390000
    • Parcel number: 0439392380000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: None
    • Water: Private
    • Utilities for property: Sewer Not Available

    Community & neighborhood

    Community
    • Community features: Valley, Pool
    Location
    • Region: Apple Valley

    HOA & financial

    Other financial information
    • Total actual rent: 525030

    Other

    Other facts
    • Listing terms: Submit
    Services availability
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    Estimated market value

    $5,094,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $5,094,700