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Listed by Jerrad Schendel • Coldwell Banker Commercial Rea
$ 5,400,000
Est. payment /mo
Pending
22526 Sioux Road Apple Valley, CA 92308
38,730 SqFt
UPDATED:
11/24/2024 02:22 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 38,730 sqft
Price per Sqft $139
MLS Listing ID CRHD23204397
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1986
Lot Size 1.840 Acres
Property 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 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.
Location
State CA
County San Bernardino
Interior
Fireplace No
Laundry See Remarks
Building
Water Private
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