$1,500,000

17979 Quantico Road

Apple Valley CA, 92307

Description

Fully occupied 10 unit apartment complex offering above market returns. This 10 unit consists of 4 3 bedroom units and 6 2 bedroom units all renovated over the last three years. With a shortage of housing renting these units has been no problem even through Covid. In fact vacancies rates for the area were at their lowest in the 4th Quarter of 2020 as they were all year. 5.25% Cap on current financials. 6% Cap on market rents. Quantico 10 unit is located in one of the most desirable areas of the High Desert known as Desert Knolls. Close Proximity to St. Mary Hospital and supporting medical business. The location is convenient and highly desirable due to the abundance of high paying medical service jobs and the close proximity to Highway 18 for an easy commute.

Details

MLS#531834
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1985
Days On Site29

Features

SQ Feet9,600
Units10
Building(s)4
Property ViewDesert

Market Activity 92307

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Area Information
StateCA
CountySan Bernardino
CityApple Valley
Zip Code92307
AreaCalifornia
Listing VS Median (in 92307)
Price:
$1,500,000
low | high
Med:
$119,999
100% of Average
SqFt:
9,600
low | high
Med:
0
100% of Average
$ / SqFt:
$156
low | high
Med:
$0
100% of Average
On Site:
29
low | high
Med:
9
100% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:01:52 PM PST
Listing Provided By: Robert C Basen of Coldwell Banker Commercial Real Estate Solutions

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the High Desert Association of REALTORS®.