15774 Tuscola Rd Apple Valley, CA 92307
Property profile & analytics
15774 Tuscola Rd Apple Valley, CA 92307
- Commercial real estate
- 23,826 SF
- 1.37 lot acres
Property ID
US10-0981821
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 15774 Tuscola Rd
- Year built
- 1989
- Lot size
- 1.37 lot acres
- Property size
- 23,826 SF
- Property type
- Commercial real estate
- APN
- 0473-111-07-0000 , 0473-111-08-0000
Description
This 19-unit apartment building in Apple Valley, California, presents a compelling value-add investment opportunity. The property, built in 1989 and recently renovated (within the last three years), boasts 23,826 square feet across three one-story buildings situated on a 1.37-acre lot. All 19 units are two-bedroom, one-and-a-half-bathroom apartments, each with a two-car garage. Currently operating at 68% occupancy, there are six vacant units offering immediate potential for increased rental income. Recent upgrades include a new roof, updated kitchens, and bathrooms. The open floor plan in each unit enhances appeal. The property is zoned R2 and benefits from its convenient location near a hospital, retail, and shopping centers. The asking price is $3,590,000, representing a price per square foot of $150.68 and a price per unit of $188,947.37. The current Net Operating Income (NOI) is $238,743, yielding a 6.65% cap rate. Pro-forma NOI is projected at $237,471, resulting in a 6.61% pro-forma cap rate. The absence of amenities like a pool contributes to lower maintenance costs. This property offers investors a chance to capitalize on immediate upside potential through increased occupancy and potential rent adjustments, while benefiting from a stable rental market and low maintenance requirements. The property's location near essential services further enhances its attractiveness to renters.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- San Bernardino
- State
- California
- Longitude
- -117.2687518
- Latitude
- 34.5380241
