I
Seller's Agent in 2020
Ignacio Diaz Jr
Investment Capital Real Estate
(949) 201-8817
14 Total Sales
22526 Sioux Rd Apple Valley, CA 92308
High Desert Neighborhood
6
Beds
5
Baths
38,280
Sq Ft
4.03
Acres Lot
Highlights
- 4.03 Acre Lot
- Community Pool
- Central Heating and Cooling System
- Corner Lot
- Laundry Room
About This Home
As of April 2020Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car spaces. Well located just 1.5 miles from Apple Valley High School and 5.2 miles from Victor Valley College. This investment property offers an investor the opportunity to acquire an asset with current cash flow and a substantial upside potential as current rents are under market. Priced well below replacement costs at a price per unit of $94,605 and a price per square foot of $93.91, this represents one of the best value opportunities in the high desert.
Last Agent to Sell the Property
Investment Capital Real Estate License #01379930 Listed on: 08/15/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 4.03 Acre Lot
- Two or More Common Walls
- Rural Setting
- Corner Lot
- Density is 6-10 Units/Acre
- 043939239
Parking
- 65 Open Parking Spaces
- 14 Car Garage
Home Design
- 38,280 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
Utilities
- Central Heating and Cooling System
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 38
- Tax Tract Number 392
- Assessor Parcel Number 0439392380000
Community Details
Overview
- 4 Buildings
- 38 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 38 Leased Units
- 39 Separate Electric Meters
- 39 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,015
- Fuel Expense $400
- Insurance Expense $11,400
- Maintenance Expense $17,640
- Other Expense $15,960
- Professional Management Expense $13,688
- Trash Expense $9,232
- Water Sewer Expense $19,564
- New Taxes Expense $41,343
- Operating Expense $130,242
- Gross Income $356,460
- Net Operating Income $215,560
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2020 04/25/20 | Sold | $3,562,500 | -0.9% | $93 / Sq Ft |
| 01/22/2020 01/22/20 | For Sale | $3,595,000 | +0.9% | $94 / Sq Ft |
| 12/17/2019 12/17/19 | Off Market | $3,562,500 | -- | -- |
| 12/16/2019 12/16/19 | Pending | -- | -- | -- |
| 11/25/2019 11/25/19 | Price Changed | $3,595,000 | -4.1% | $94 / Sq Ft |
| 08/15/2019 08/15/19 | For Sale | $3,750,000 | -- | $98 / 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 | $24,601 | $1,946,689 | $300,752 | $1,645,937 |
| 2024 | $23,920 | $1,908,519 | $294,855 | $1,613,664 |
| 2023 | $23,687 | $1,871,098 | $289,074 | $1,582,024 |
| 2022 | $23,321 | $1,834,410 | $283,406 | $1,551,004 |
| 2021 | $22,794 | $1,798,441 | $277,849 | $1,520,592 |
| 2020 | $14,238 | $1,050,881 | $74,653 | $976,228 |
| 2019 | $13,974 | $1,030,275 | $73,189 | $957,086 |
| 2018 | $13,639 | $1,010,074 | $71,754 | $938,320 |
| 2017 | $13,442 | $990,269 | $70,347 | $919,922 |
| 2016 | $12,116 | $970,852 | $68,968 | $901,884 |
| 2015 | $11,932 | $956,269 | $67,932 | $888,337 |
| 2014 | $11,769 | $937,537 | $66,601 | $870,936 |
Source: Public Records
Agents Affiliated with this Home
-
Ignacio Diaz Jr
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19195372
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
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