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21905 Powhatan Road, Apple Valley, CA 92308
Priced at Only: $2,600,000
For more Information Call
Mobile: 714.478.6676
Address: 21905 Powhatan Road, Apple Valley, CA 92308
Property Photos
Property Location and Similar Properties
- MLS#: CV24208870 ( Apartment )
- Street Address: 21905 Powhatan Road
- Viewed: 6
- Price: $2,600,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 0
- Days On Market: 80
- Additional Information
- County: SAN BERNARDINO
- City: Apple Valley
- Zipcode: 92308
- Provided by: KW COMMERCIAL
- Contact: John John
- DMCA Notice
-
DescriptionPresenting a unique chance to acquire a multifamily property at 21905 Powhatan Rd, Apple Valley, CA, featuring 13 existing units with significant expansion potential. This strategically located property boasts additional land zoned under the recently approved Village Specific Plan, allowing for the development of up to 92 units, while retaining its grandfathered multifamily zoning status. Key Features: Current Units: 13 well maintained multifamily units, providing immediate rental income. Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion. Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process. Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs. Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants. This property represents an exceptional investment opportunity in a thriving market. Whether you're looking to expand your real estate portfolio or embark on a new development project, 21905 Powhatan Rd offers the perfect blend of immediate income and long term growth potential.
Features
Building Area Total
- 7774.00
Carport Spaces
- 20.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
- End Unit
- No One Above
- No One Below
Country
- US
Days On Market
- 10
Entry Location
- Front gate
Garage Spaces
- 0.00
Insurance Expense
- 6001.00
Laundry Features
- Common Area
Levels
- One
Lot Features
- 16-20 Units/Acre
- Level with Street
- Lot Over 40000 Sqft
- Rectangular Lot
- Level
- Value In Land
Netoperatingincome
- 131895.00
Number Of Separate Electric Meters
- 13
Number Of Separate Gas Meters
- 13
Parcel Number
- 3087351060000
Pool Features
- None
Professionalmanagementexpense
- 18587.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 424779247:CRM
Totalexpenses
- 69382.00
Trash Expense
- 4870.00
Uncovered Spaces
- 7.00
Utilities
- Sewer Connected
- Water Connected
Water Sewer Expense
- 14113.00
Water Source
- Public
Year Built
- 1972
Year Built Source
- Other
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com