20365 Broken Bow Rd Apple Valley, CA 92307
High Desert NeighborhoodEstimated payment $4,046/month
About This Home
This offering consists of 5 units in Apple Valley. This neighborhood is high pride of ownership consisting of SFR's and multifamily. This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need. Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!! These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio. All units have their own gas & electric meters that the tenants sign up & pay for. All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated. Roof is in great shape with a 30 year warranty, and only 10 years old!! Cash flow is excellent. At actual rents, it's putting out $53,770 NOI and $70,620 annual gross rent. Actual rents equating to returns of a rarely seen 9.20 Gross Rent Multiplier, an outstanding 8.27% Cap Rate, and a robust 11.51% Cash on Cash Return!! Rents are below market but are month to month. While this offering performs better on actual rents than any other multifamily in the Upper Desert, the returns go off the charts at market rents. At market rents, based on nearby rent comps, this complex can put out $76,750 NOI and $93,600 annually gross!! Further, these market rents put out returns of a 6.94 GRM, a double digit 11.81% Cap Rate, and an astonishing 25.65% Cash on Cash Return!!! TO VIEW THIS INFORMATION, INCLUDING RENT COMPS PLUS ACUTAL & MARKET RENT ROLL, PLEASE SEE SUPPLEMENTS ATTACHED AT THE TOP OF THIS MLS LISTING!!! THIS IS THE BEST PERFORMING MULTIFAMILY IN THE UPPER DESERT!!!
Listing Agent
Burton Commercial, Inc. Brokerage Phone: 951-375-7433 License #01014173 Listed on: 06/14/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 17,535 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,667 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 157
- Tax Tract Number 4112
- Assessor Parcel Number 0441191200000
- $1,514 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,200
- Trash Expense $2,428
- Water Sewer Expense $2,100
- New Taxes Expense $7,689
- Operating Expense $15,417
- Net Operating Income $55,203
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $6,045 | $462,086 | $85,309 | $376,777 |
| 2025 | $6,045 | $453,025 | $83,636 | $369,389 |
| 2024 | $5,666 | $444,142 | $81,996 | $362,146 |
| 2023 | $5,610 | $435,433 | $80,388 | $355,045 |
| 2022 | $5,384 | $418,100 | $41,700 | $376,400 |
| 2021 | $4,745 | $363,600 | $36,300 | $327,300 |
| 2020 | $4,726 | $363,600 | $36,300 | $327,300 |
| 2019 | $4,349 | $330,500 | $33,000 | $297,500 |
| 2018 | $4,045 | $306,100 | $30,600 | $275,500 |
| 2017 | $3,744 | $278,300 | $27,830 | $250,470 |
| 2016 | $3,169 | $253,000 | $25,300 | $227,700 |
| 2015 | -- | $220,000 | $22,000 | $198,000 |
| 2014 | $2,578 | $200,000 | $20,000 | $180,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2026 07/08/26 | Pending | -- | -- | -- |
| 07/01/2026 07/01/26 | Price Changed | $650,000 | -3.7% | $177 / Sq Ft |
| 06/23/2026 06/23/26 | Price Changed | $675,000 | -3.4% | $184 / Sq Ft |
| 06/14/2026 06/14/26 | For Sale | $699,000 | -- | $191 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $485,000 | Southland Title Corporation | |
| Grant Deed | $85,000 | Southland Title Corporation | |
| Trustee Deed | $71,311 | First Southwestern Title Co | |
| Grant Deed | -- | Old Republic Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $5,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW26129662
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 15341 Broken Bow Rd
- 15354 Kiamichi Rd
- 20230 Us Highway 18
- 15542 Kiamichi Rd
- 18600 Outer Highway 18 N
- 0 Outer Highway 18 N
- 20151 Serrano Rd
- 0 Wanaque Rd
- 15535 Broken Bow Rd
- 20316 Rimrock Rd
- 20285 Serrano Rd
- 15688 Winnebago Rd
- 20035 Symeron Rd
- 20125 Zuni Rd
- 22869 Highway 18
- 21578 Highway 18
- 20915 Highway 18
- 15498 Washoan Rd
- 19951 US Highway 18
- 706 Outer Highway 18 S
Ask me questions while you tour the home.