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22526 Sioux RD Apple Valley, CA 92308
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Key Details
Sold Price $5,100,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 38,730 sqft
Price per Sqft $131
MLS Listing ID HD23204397
Sold Date 02/27/25
HOA Y/N No
Year Built 1986
Lot Size 1.840 Acres
Acres 1.84
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Laundry See Remarks
Exterior
Parking Features None
Garage Spaces 18.0
Pool Community, Fenced, See Remarks
Community Features Valley
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer None
Water Private
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None,See Remarks
SHOW INSTRUCTIONS Contingent upon acceptable offer.
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Bought with Coldwell Banker Commercial Rea