NOT LISTED FOR SALE
4 Beds
3 Baths
4,652 Sq Ft
0.66 Acres Lot

Sale Details

Date Sold: June 13, 2025

Last sale price $950,000 $204 Per Sq Ft

21 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Laundry Room
  • Corner Lot
  • Living Room
  • Shed

About This Home

As of June 2025

This fully occupied 7 unit multifamily property on 0.65 acres has been well kept and offers a terrific value add opportunity in an established area of Apple Valley.

Built in 1989, this property totals 4,652sf in size and offers an impressive unit mix with (6) 1 bed/1 bath bungalow style units each with a spacious layout, full kitchen & bath, a large bedroom, central air/heat, and private patio area.

There is a separate 3 bed/2 bath home with separate driveway access, a fully concreted area & carports for ample parking and outdoor space. Inside is large living area with a full kitchen & hallway bath, a primary suite w/ master bath, central air/ heat, private patio, and washer/dryer hookups inside.

On a large 28,700sf corner lot, there are two driveways on each street w/ a total of 14 carport parking spaces to provide ample use by tenants & guests. With nice greenery, trees, and a decorative lawn; it’s hard to imagine you’re in the high desert. Located in Apple Valley off highway 18 & the15 fwy near a busy retail corridor w/ tons of local restaurants & stores. This one is worth the look!

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 04/30/2025

Last Buyer's Agent

Brian Noh

Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 04/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 28,700 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Landscaped
  • Corner Lot
  • Lawn
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,652 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Parking Available

Outdoor Features

  • Shed

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 541
  • Tax Tract Number 3032
  • Assessor Parcel Number 3112563250000
  • $2,577 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $31,098
  • Gross Income $93,012
  • Net Operating Income $60,054

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.66 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 3112563250000
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 204.21
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Water Heater
  • Heating Type: Central
  • Laundry Features: Community, Gas Dryer Hookup, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Landscaped, Lawn, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 28700.00
  • Lot Size Acres: 0.6589

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 93012.00
  • Gross Multiplier: 11.80
  • Gross Scheduled Income: 93012.00
  • Lot Size Area: 28700.0000 Square Feet
  • Net Operating Income: 60054.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 31098.00
  • Rent Control: No
  • Total Actual Rent: 7751.00
  • Total Expenses: 31098.00

Tax Info

  • Tax Census Tract: 97.13
  • Tax Lot: 541
  • Tax Tract Number: 3032
  • TaxOtherAnnualAssessmentAmount: 2577.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 Sold $950,000 -13.6% $204 / Sq Ft
05/21/2025 05/21/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $1,100,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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
2025 $6,182 $351,697 $72,098 $279,599
2024 $6,025 $344,801 $70,684 $274,117
2023 $5,950 $338,040 $69,298 $268,742
2022 $5,851 $331,412 $67,939 $263,473
2021 $5,724 $324,914 $66,607 $258,307
2020 $5,643 $321,582 $65,924 $255,658
2019 $5,537 $315,276 $64,631 $250,645
2018 $5,409 $309,094 $63,364 $245,730
2017 $5,325 $303,034 $62,122 $240,912
2016 $4,368 $297,092 $60,904 $236,188
2015 $3,774 $292,629 $59,989 $232,640
2014 $3,721 $286,897 $58,814 $228,083
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25089010

California Regional Multiple Listing Service (CRMLS)
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