Multifamily

Serrano Apartments

20220 Serrano Rd, Apple Valley, CA 92307

Listing Price: $775,000

Cap Rate
6.67%
Number of Units
7
GRM
9.23
Occupancy
95.00%
Price/Unit
$110,714
Price/Gross SF
$183.00
Gross SF
4,235

Investment Overview

Marcus and Millichap is pleased to have been chosen to exclusively represent for sale the Serrano Apartments that consists of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Apple Valley is nestled just north of the San Bernardino mountains and and due to the increase cost of living rising in Los Angeles and the Inland Empire, more and more people are moving to the high desert. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands. Lastly, Apple Valley takes pride in its small town feel and high quality of life that accompanies its big city amenities. Do not let this opportunity slip by you!

Investment Highlights

  • Near highway 18
  • Within walking distance of Walmart and Albertsons
  • Within walking distance from eateries
  • Three-minute drive from Apple Valley Golf Course

Exclusively Listed By

Listing Price: $775,000

Cap Rate
6.67%
Number of Units
7
GRM
9.23
Occupancy
95.00%
Price/Unit
$110,714
Price/Gross SF
$183.00
Gross SF
4,235

Investment Highlights

  • Near highway 18
  • Within walking distance of Walmart and Albertsons
  • Within walking distance from eateries
  • Three-minute drive from Apple Valley Golf Course

Investment Overview

Marcus and Millichap is pleased to have been chosen to exclusively represent for sale the Serrano Apartments that consists of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Apple Valley is nestled just north of the San Bernardino mountains and and due to the increase cost of living rising in Los Angeles and the Inland Empire, more and more people are moving to the high desert. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands. Lastly, Apple Valley takes pride in its small town feel and high quality of life that accompanies its big city amenities. Do not let this opportunity slip by you!

Exclusively Listed By

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