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Key Details
Sold Price $1,260,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV24038037
Sold Date 07/09/24
Bedrooms 2
HOA Y/N No
Lot Size 0.567 Acres
Property Description
The Haven Apartments are located at 17807 Siskiyou Road, Apple Valley, CA 92307. The investment in the Desert Knolls area of Apple Valley, encompassing one 6-unit building, presents a unique opportunity. The property is well-equipped with garages, central heating and A/C, and offer scenic views, enhancing their appeal. The Desert Knolls location is desirable for its tranquility, accessibility, and proximity to essential amenities, making it an attractive option for investors seeking to capitalize on the residential demand in Apple Valley. The 6 unit apartment complex is comprised of (6) 2-bedroom / 2 bathroom units that are approximately 974 Sq. Ft. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy, in comparison to similar properties. The updated living conditions and the safe environment are both attractive features, to working class families, who constitute the tenant base. The rents are stable, with room for increases. The tenants will be willing to pay a premium to live in this safe and agreeable atmosphere.
The Haven Apartments are located at 17807 Siskiyou Road, Apple Valley, CA 92307. The investment in the Desert Knolls area of Apple Valley, encompassing one 6-unit building, presents a unique opportunity. The property is well-equipped with garages, central heating and A/C, and offer scenic views, enhancing their appeal. The Desert Knolls location is desirable for its tranquility, accessibility, and proximity to essential amenities, making it an attractive option for investors seeking to capitalize on the residential demand in Apple Valley. The 6 unit apartment complex is comprised of (6) 2-bedroom / 2 bathroom units that are approximately 974 Sq. Ft. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy, in comparison to similar properties. The updated living conditions and the safe environment are both attractive features, to working class families, who constitute the tenant base. The rents are stable, with room for increases. The tenants will be willing to pay a premium to live in this safe and agreeable atmosphere.
Location
State CA
County San Bernardino
Area Apple Valley (92307)
Zoning Public Rec
Building
Story 1
Others
Monthly Total Fees $142
Acceptable Financing Exchange
Space Rent $9,835
Listing Terms Exchange
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Bought with DARREN CORREA • LE INVESTMENT GROUP
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Josh Nottingham
Agent | License ID: TN - 375410 CA - 01295227
Agent License ID: TN - 375410 CA - 01295227