Address
15535 Broken Bow Road Apple Valley, CA
Price
$ 888,000
Property Attributes
  • MLS#IV21067559
  • TypeContingent
  • CountySAN BERNARDINO
  • CityApple Valley
  • AreaApple Valley
  • Zip92307
  • Style
  • Price$ 888,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
ALBERT LE with LE INVESTMENT GROUP.
Data Source:
CRMLS
Property Description

Highlights; Offering Actual CAP Rate of 6.89% With a ProForma CAP Rate of 6.98%. / GRM of 9.35 With a ProForma GRM of 9.25 / Exterior updates including all new vinyl windows. / Ample Onsite Parking / Quite Residential Neighborhood / Extra Large Lot room for possible expansion (Buyer to verify feasibility) / Tremendous upside getting all units to market rent. All large 2 bedroom units. The Broken Bow Apartments are located on a large 0.45 acre lot in the city of Apple Valley, CA. The 8 units are composed of all spacious 2 bedroom / 1 bath units. The property has had a recent improvements and is 100% occupied, The Inland Empire unlike the state's other major metros, the Inland Empire's rental market has maintained a healthy pace of growth with average rent in creasing2.5% from September 2019 to September 2020. Rents in every submarket within the region either gained or experienced little change as a result of the pandemic.

Price History
4/1/2021 Listed $88,000

General Features

Community Features Suburban
Levels Two
MLS Area APPV - Apple Valley
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Submit
Total Units 8
Water Sewer Expense 3600

Interior Features

Common Walls 2+ Common Walls
Laundry Features None

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.45
Lot Size Area 19650
Lot Size Source Assessor
Lot Size Square Feet 19650
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92307

Price
AVG $470K
$890K
Year Built
AVG 1989
1962

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