$899,000

Estimated payment $5,531/month

Total Views 3,503
3 Beds
3 Baths
3,760 Sq Ft
$239 Price per Sq Ft

Highlights

  • 1.3 Acre Lot
  • Bike Trail
  • 1-Story Property
  • Laundry Room

About This Home

Josma Apartments is a well-maintained 6-unit multifamily property situated on 1.3 acres in the heart of Apple Valley. The community offers a mix of efficient systems, including three units equipped with ductless mini-split HVAC and three units utilizing propane. Electricity is direct-metered and paid by the tenants, while the owner covers water, sewer, and trash services. The property is fully occupied and benefits from its proximity to the Apple Valley Airport, major freeways, and established transit routes, providing residents with convenient access to surrounding amenities. This stable asset offers strong rental demand, reliable occupancy, and long-term investment potential in a growing High Desert market.

Listing Agent

Bill Melton

PAEZ REALTY COMPANY License #01342816 Listed on: 01/06/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 1.3 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,760 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 9714
  • Assessor Parcel Number 0437611070000
  • $1,256 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $2,852
  • Fuel Expense $4,344
  • Insurance Expense $4,400
  • Maintenance Expense $2,200
  • Professional Management Expense $2,400
  • Trash Expense $2,116
  • Water Sewer Expense $1,752
  • Operating Expense $31,205
  • Gross Income $88,245
  • Net Operating Income $57,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

1.3 Acres

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1752.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0437611070000
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 239.10

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Trash Expense: 2116.00

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 56628.00
  • Lot Size Acres: 1.3000

Multi Family

  • Electric Expense: 2852.00
  • Fuel Expense: 4344.00
  • Gross Income: 88245.00
  • Gross Scheduled Income: 90900.00
  • Insurance Expense: 4400.00
  • Lot Size Area: 56628.0000 Square Feet
  • Maintenance Expense: 2200.00
  • Net Operating Income: 57040.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 31205.00
  • Rent Control: No
  • Total Expenses: 31205.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 009714
  • TaxOtherAnnualAssessmentAmount: 1256.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/06/2026 01/06/26 For Sale $899,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26003018

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.