22526 22544 Sioux Road, Apple Valley, CA 92308
Property
Sold February 2025
Listing Agent: Jerrad Schendel (DRE #01971338) · Listing Office: Coldwell Banker Commercial Rea · Contact: jerrad.schendel@cbcinland.com · Bought with: Jerrad Schendel · Coldwell Banker Commercial Rea · MLS #HD23204397 · Source: CRMLS
About this property
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.
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history