Apple Valley, CA 92308,22526 Sioux Road
Apple Valley, CA 92308,22526 Sioux Road
Apple Valley, CA 92308,22526 Sioux Road
17
$5,100,000
$5,400,000
5.6%
Est.Price: ?

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8 BD
7 BA
1.84 Acres Lot

22526 Sioux Road Apple Valley, CA 92308

Est. payment /mo
SOLD DATE : 02/27/2025

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Key Details

Sold Price $5,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID HD23204397

Sold Date 02/27/25

Bedrooms 8

HOA Y/N No

Lot Size 1.840 Acres

Property Sub-Type Res Income 2-4 Units

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.
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

Area Apple Valley (92308)

Zoning Assessor

Exterior

Pool Community/Common

Building

Story 2

Others

Monthly Total Fees $414

Space Rent $170,466

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San Diego Regional MLS (SDMLS)
Listed by Jerrad Schendel • Coldwell Banker Commercial Rea
Bought with Jerrad Schendel • Coldwell Banker Commercial Rea

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agent

Jorge Antonio Murillo

Broker Owner | License ID: 02038407

+1(858) 531-6069

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