17979 Quantico Road, Apple Valley, CA 92307

About this property

Fully occupied 10 unit apartment complex offering above market returns. This 10 unit consists of 4 3 bedroom units and 6 2 bedroom units all renovated over the last three years. With a shortage of housing renting these units has been no problem even through Covid. In fact vacancies rates for the area were at their lowest in the 4th Quarter of 2020 as they were all year. 5.25% Cap on current financials. 6% Cap on market rents. Quantico 10 unit is located in one of the most desirable areas of the High Desert known as Desert Knolls. Close Proximity to St. Mary Hospital and supporting medical business. The location is convenient and highly desirable due to the abundance of high paying medical service jobs and the close proximity to Highway 18 for an easy commute.

Listing description from the August 2021 sale, as reported to CRMLS.

Sale history

$1,450,000

Sold August 2021 · listed $1,500,000, on market March 2020 · MLS #531834 · Source: CRMLS

Listing Agent: Robert Basen · Listing Office: Coldwell Banker Commercial Rea · Contact: 760-684-8000 · Bought with: ZAHIRA PIVARAL · EXP REALTY OF CALIFORNIA INC

$850,000

Sold January 2018 · listed $915,000, on market September 2017 · MLS #490928 · Source: CRMLS

Listing Agent: Robert Basen · Listing Office: Coldwell Banker Commercial Rea · Contact: 760-684-8000 · Bought with: Robert Basen · Coldwell Banker Commercial Rea

$720,000

Sold October 2016 · listed $790,000, on market June 2016 · MLS #473388 · Source: CRMLS

Listing Agent: Robert Basen · Listing Office: Coldwell Banker Commercial Rea · Contact: 760-684-8000 · Bought with: MLS Non Member · Non Member MLS

$720,000

Sold October 2016 · listed $790,000, on market June 2016 · MLS #CV16134104 · Source: CRMLS

Listing Agent: JASON LAMOREAUX · Listing Office: COLDWELL BANKER COMMERCIAL RE · Contact: 760-684-8000 · Bought with: Timothy Lewis · Elliot Lewis, Broker

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