1-Bedroom Residential Income
19225 Elm Dr, Apple Valley, CA 92308
For Sale
$144,500
The residence includes interior laundry, covered parking with storage, and a private courtyard area off the bedroom.
Property Size670 SF
Price / SF$215.67
Days on Market39
Property Features for 19225 Elm Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
clubhouse
pool
spa
interior laundry
sitting area/courtyard
Building Details
Year Built
Listing Agency:
Give2Give Realty
Listed By:
Holly Barry · License #01719634
(760) 887-1135
Source:
Findhomesinsandiegoarea
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Give2Give Realty
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Investment Insights
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This one-bedroom residence has one full bathroom with a tub and shower, a spacious living area, and interior laundry. New flooring has been installed throughout. A courtyard sitting area adjoins the bedroom, and covered parking with storage is included. The property was built in 1986.
The home is in the gated Jess Ranch community, in Cedarbrook North, near the clubhouse, pool, and spa.
The home is in the gated Jess Ranch community, in Cedarbrook North, near the clubhouse, pool, and spa.
Key Highlights
- One bedroom and one full bathroom
- New flooring throughout the residence
- Interior laundry and a tub/shower combination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,931
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,620
$118.6K
Cap Rate 7%
$84,729
$84.7K
Cap Rate 9%
$65,900
$65.9K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$11.5K $17.16/SF
− Vacancy
−$713 −$1.06/SF
EGI
$10.8K $16.10/SF
− OpEx
−$4.9K −$7.24/SF
NOI
$5.9K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,620
Cap Rate 7%
$84,729
Cap Rate 9%
$65,900
Alternative Uses
Best Use
Apartment 5plus
$84.7K
$74.1K – $98.9K
NOI $5,931 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$141.3K
$123.7K – $164.9K
NOI $9,893 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
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Business Placement
Demographics for 92308, CA
42,469
Population
14,995
Households
2.8
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
103.2 sq mi
ZIP Area
412
Density / Sq Mi
$63,484
Median Household Income
$41,882
Median Earnings
$1,390
Median Rent
$360,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Apple Valley, CA
Properties on Market for Residential income properties in Apple Valley
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes interior laundry, covered parking with storage, and a private courtyard area off the bedroom.
Where is this residential income property located?
The property is located at 19225 Elm Dr Apple Valley, CA.
What is the asking price?
The asking price for this property is $144,500.
What are key features of this property?
This property features: One bedroom and one full bathroom; New flooring throughout the residence; Interior laundry and a tub/shower combination
