Apple Valley, CA 92307,15762 Tuscola RD
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Apple Valley, CA 92307,15762 Tuscola RD
Apple Valley, CA 92307,15762 Tuscola RD
Apple Valley, CA 92307,15762 Tuscola RD
Apple Valley, CA 92307,15762 Tuscola RD
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$ 3,590,000
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15762 Tuscola RD Apple Valley, CA 92307

23,826 SqFt


UPDATED:

09/30/2024 05:39 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 23,826 sqft

Price per Sqft $150

MLS Listing ID PW24135355

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1989

Lot Size 0.689 Acres

Property Description

**LOCATION**TOWNHOME STYLE**VALUE ADD**
INVESTMENT OVERVIEW
Location: Apple Valley, CA Units: 19 total, with 6 units delivered vacant
Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome style
Parking: Each unit comes with a 2-car garage
Property Features:
Condition: Well-maintained property
Recent Upgrades: New roof * Updated fence and AC units HVAC
Layout: Open floor plan in all units - TOWNHOME STYLE
Amenities: No pool or additional amenities, leading to lower maintenance costs
Investment Potential:
Upside for New Buyer: Significant potential to increase rents or make improvements to boost value
Vacancy: 6 vacant units provide an immediate opportunity for new tenants at market rates
Market Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters
Market and Financial Stability:
Rental Market: Stable with consistent demand
Maintenance: Low due to recent updates and absence of high-maintenance amenities
Advantages:
Location: Proximity to essential services and amenities increases tenant appeal.
Immediate Upside: Vacant units offer potential for immediate rent adjustments.
Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure.
Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs.
Conclusion:
This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. The
combination of vacant units ready for market rate tenants, updated property features, and a prime location near essential services creates a
compelling case for investors seeking stable rental income with growth prospects.

Location

State CA

County San Bernardino

Area Appv - Apple Valley

Rooms

Other Rooms Second Garage

Ensuite Laundry Laundry Chute, Electric Dryer Hookup, Gas Dryer Hookup

Interior

Interior Features All Bedrooms Up, Jack and Jill Bath

Laundry Location Laundry Chute,Electric Dryer Hookup,Gas Dryer Hookup

Heating Central, Natural Gas

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Convection Oven, Dishwasher, Gas Cooktop, Water Heater

Laundry Laundry Chute, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Assigned, Door-Multi, Garage, On Street

Garage Spaces 38.0

Garage Description 38.0

Fence Block, Wood, Wrought Iron

Pool None

Community Features Curbs, Mountainous, Sidewalks, Valley

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available

View Y/N Yes

View Hills, Neighborhood

Roof Type Composition,Tile

Parking Type Assigned, Door-Multi, Garage, On Street

Total Parking Spaces 48

Private Pool No

Building

Lot Description 16-20 Units/Acre, Walkstreet, Yard

Faces South

Story 2

Entry Level Two

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Two

Additional Building Second Garage

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 0473111080000

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Diva Rescia • Marcus & Millichap • diva.rescia@marcusmillichap.com

Amy Saflar

Broker Associate | License ID: 01238780

+1(619) 991-9291

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15762 Tuscola RD