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    16247 Viho Rd Apple Valley, CA 92307

    For Sale
    $949,500

    Four-unit apartment building, strong NOI.

    Property size:
    3,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a four-unit apartment building located at 16247 Viho Rd, Apple Valley, CA 92307. The property, situated on a 0.562-acre lot, boasts a total of 3,388 square feet and was constructed in 1985. The building comprises three two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, offering a diverse mix of living spaces to attract a wide range of tenants. The property features four parking spaces, providing ample accommodation for residents. The asking price is $949,500, translating to a price per square foot of $280.25. The property's strong financial performance is evident in its Net Operating Income (NOI) of $61,502, with a scheduled annual gross income of $79,200. The property's Assessed Parcel Number (APN) is 0473353030000. This well-maintained multifamily property in San Bernardino County presents a compelling investment opportunity with significant potential for future growth and return. The property's location in Apple Valley offers convenient access to local amenities and services. This is an ideal addition to any investor's portfolio seeking stable income and appreciation potential in the California market.

    Property Features for 16247 Viho Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,388 SF
    Lot Size
    24,481 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Units
    4

    HighLights

    • Four‑unit apartment building in Apple Valley, CA on a 0.56‑acre lot.
    • 3,388 square feet, built in 1985.
    • Unit mix: three 2bd/1ba, one 3bd/2ba.
    • Four parking spaces.
    • Asking price: $949,500 ($280.25/SF).
    • NOI: $61,502; Scheduled Gross Income: $79,200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.2709842
    Latitude
    34.5463049

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, strong NOI.
    Where is this multifamily property located?
    The property is located at 16247 Viho Rd Apple Valley, CA.
    What is the asking price?
    The asking price for this property is $949,500.
    What are key features of this property?
    This property features: Four-unit apartment building in Apple Valley, CA on a 0.56-acre lot.; 3,388 square feet, built in 1985.; Unit mix: three 2bd/1ba, one 3bd/2ba.
    Request Owner's contact information
    16247 Viho Rd Apple Valley, CA 92307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16247 Viho Rd Apple Valley, CA 92307
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