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Apple Valley, CA 92308 22526 22544 Sioux Road

$5,750,000

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Presented By: Coldwell Banker Commercial Rea
  • MLS# HD23204397
  • 11/06/2023
  • Request Tour
  • Request Info
  • BedBeds • 90
  • BathBaths • 73
  • FootageSQFT • 38,730
  • GarageGarage • 18

Home Details

One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability. Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.
Presented By: Coldwell Banker Commercial Rea

Interior Features for 22526 22544 Sioux Road

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesSee Remarks
Street SuffixRoad
Total Stories2

Other Rooms

Entry Level1

General for 22526 22544 Sioux Road

Additional Parcels Description0439392390000
Additional Parcels Y/NNo
Adult Family HomesCommunity Apartment
Building Area UnitsSquare Feet
Buyer Agent Compensation1.000
Buyer Agent Compensation Type%
CityApple Valley
Community FeaturesValley, Pool
CountySan Bernardino
Days on Market162
DirectionsBear Valley Rd to Central on the right
Electric Expense
Entry LocationFront
Garage Spaces18
Garage Y/NYes
Gross Income532079
Insurance Expense
Land Lease Y/NNo
Lot Size Square Feet80150
MLS AreaAPPV - Apple Valley
Net Operating Income331031
New ConstructionNo
Number of Units Leased38
Operating Expense178247
Pool FeaturesCommunity, Fenced, See Remarks
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Standard StatusActive
StatusActive
Street NameSioux
Tax Lot99
Tenant PaysElectricity, Gas
Total Actual Rent525030
Total Units38
Trash Expense0
UtilitiesSewer Not Available
Water Sewer Expense0
Year Built1986
Year Built SourceAssessor

Exterior for 22526 22544 Sioux Road

Building Area Total38730
Lot Features16-20 Units/Acre
Lot Size Acres1.84
Lot Size Area80150
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings9
Number of Separate Electric Meters38
Number of Separate Gas Meters38
Number of Separate Water Meters2
Parking FeaturesNone
Total Parking18
Water SourcePrivate

Additional Details

Price History

1527188455

First Team Client Services

Price $5,750,000
MLS#HD23204397
List Date 11/06/2023
Property Type Income
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors