21905 Powhattan Rd
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21905 Powhattan Rd
13 Unit Apartment Building $3,685,422 CAD ($283,494 CAD/Unit) Apple Valley, CA 92308
Investment Highlights
- Current Units: 13 well-maintained multifamily units, providing immediate rental income.
- Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning.
- Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park & community center.
- Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion.
- Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing costs.
Executive Summary
Presenting 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 & 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.
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 & 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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,685,422 CAD | Building Class | C |
| Price Per Unit | $283,494 CAD | Lot Size | 4.71 AC |
| Sale Type | Investment | Building Size | 7,924 SF |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 6.71/1,000 SF |
| Apartment Style | Garden |
| Price | $3,685,422 CAD |
| Price Per Unit | $283,494 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.71 AC |
| Building Size | 7,924 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 6.71/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,855 CAD | - |
| 1+1 | 10 | $1,857 CAD | - |
| 2+1 | 2 | $1,997 CAD | - |
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PROPERTY TAXES
| Parcel Number | 3087-351-06 | Improvements Assessment | $279,447 CAD (2024) |
| Land Assessment | $162,921 CAD (2024) | Total Assessment | $442,368 CAD (2024) |
PROPERTY TAXES
Parcel Number
3087-351-06
Land Assessment
$162,921 CAD (2024)
Improvements Assessment
$279,447 CAD (2024)
Total Assessment
$442,368 CAD (2024)
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21905 Powhattan Rd
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