21490 Bear Valley Rd Apple Valley, CA 92308
- Commercial real estate
- 3,500 SF
Current Use by Public Records
- Commercial real estate
Property Details for 21490 Bear Valley Rd
- Year built
- 1982
- Property size
- 3,500 SF
- Property type
- Commercial real estate
- APN
- 3087-671-12-0000
Description
This exceptional investment opportunity presents a four-unit apartment building located at 21490 Bear Valley Rd, Apple Valley, CA 92308, in San Bernardino County. The property, built in 1982, consists of two duplexes, each featuring two 2+1 bedroom units, totaling 3,500 square feet on a 26,174 square foot lot. Each unit boasts approximately 875 square feet of living space, a garage, and individual gas and electric meters, as well as separate water heaters and laundry hookups. Currently operating at 100% occupancy, with the lease expiring on October 26, 2024, this property offers immediate cash flow. The asking price is $725,000, translating to $181,250 per unit and $207.14 per square foot. The property is zoned RM and is a Class D multifamily building. This is a 1031 exchange eligible property, presenting a strong value proposition for investors seeking a stable, income-generating asset in a desirable location. The property features a single-story building and is not subject to a ground lease. The Assessor's Parcel Number (APN) is 3087-671-12-0000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- San Bernardino
- State
- California
- Longitude
- -117.1951926155
- Latitude
- 34.472188601299
