16025 Chehalis Rd Apple Valley, CA 92307-2871

This exceptional investment opportunity presents a six-unit apartment building situated on a 0.67-acre lot in the desirable Apple Valley, California neighborhood. The property, located at 16025 Chehalis Rd, 92307, boasts a total of 5,748 square feet and comprises three buildings. The complex includes five two-bedroom, one-bathroom apartments and one three-bedroom, two-bathroom unit, offering a diverse mix of rental options. With twelve parking spaces available for residents, ample parking is ensured. Built in 1985, the property offers a solid foundation for continued income generation. The asking price is $1,495,000, translating to a price per square foot of $260.09. The property's strong performance is reflected in its Net Operating Income (NOI) of $62,372, and a scheduled annual gross income of $82,800. The property's Assessed Parcel Number (APN) is 0441093220000. This multifamily property presents a compelling investment opportunity in a thriving California market. The combination of strong rental income, desirable location, and manageable unit count makes this an attractive proposition for seasoned investors and those seeking a stable, income-producing asset.