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15365 Wanaque Rd
Apple Valley, CA 92307

$648,000 USD

Apartments For Sale  •  4,493 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,400 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 3.64 %
  • Zoning R-M, Apple Valley
30 Transit Score
35 Walk Score

Highlights

Great Location - Walking Distance to Apple Valley Commons Regional Shopping Center & Adjacent to the Phoenix Academy
Tremendous Value Add Investment Opportunity with Approximately 35% Upside in Market Rents and a Large 17,978 SF Lot
Four One Level Units Consisting of (2) Two-bedroom, One Bath Units, Effortless Management as the Owner Currently has an Onsite Property Manager
Property is Not Subject to Rent Control - **DO NOT ENTER ONTO PROPERTY OR TALK TO TENANTS WITHOUT OWNER'S WRITTEN CONSENT**
Situated Walking Distance to Target, Carl’s Jr., Del Taco, Starbucks, Ross, UPS Store, Wingstop, Wells Fargo, Old Navy and Several Other Retailers
All Units are Separately Metered for Electricity in Addition to Maintaining a Laundry Room with a Washer and Dryer for Tenants Use

Financial Summary (Actual)

Net Operating Income: $23,582 USD (2024)
Cap Rate: 3.64 %
Total Expenses: $23,338 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Victorville Amtrak (Southwest Chief - Amtrak) 8 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Brett Cervantes 714-765-2995 Paul Kott Realtors, Inc.
Brett Cervantes 714-765-2995 Paul Kott Realtors, Inc.