13584 Yakima Rd Apple Valley, CA 92308-5816

This exceptional 11-unit apartment building presents a compelling value-add investment opportunity in the heart of Apple Valley, California. Located at 13584 Yakima Road, 92308, this two-story, 1986-built property offers a compelling pro-forma cap rate of 6.29% and a pro-forma NOI of $132,009. The asking price is $2,100,000, translating to approximately $190,909 per unit. All 11 units are two-bedroom apartments, providing consistency and potential for streamlined management. Each unit features central air conditioning and heating, enhancing tenant comfort and appeal. The property also includes garage parking, presenting a unique opportunity to explore the potential for generating additional income through accessory dwelling units (ADUs), subject to local regulations and approvals. Situated in a prime location within central Apple Valley, this property benefits from excellent access to local amenities, transportation routes, and a strong rental market. This is an ideal opportunity for investors seeking a value-add project with significant upside potential in a desirable California market. The property's strong fundamentals and potential for increased revenue make it a highly attractive investment prospect. Further due diligence is recommended to fully assess the potential returns and associated risks.