Property Detail

22526 Sioux

Apple Valley CA 92308

$5,400,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Jerrad Schendel of Coldwell Banker Commercial Rea. Last updated 2024-11-25 09:11:28.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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