13584 Yakima Rd
11 Unit Apartment Building $1,995,000 ($181,364/Unit) 5.80% Cap Rate Apple Valley, CA 92308
INVESTMENT HIGHLIGHTS
- 11 spacious units – (8) 2B/1B & (3) 2B/1.5B layouts
- Ample parking – 9 private garages & 13 parking spaces
- Market CAP Rate: 7.46% – Solid investment returns
- Strong occupancy – 91% leased, ensuring stable cash flow
- Tenant-paid electric & gas – Lower operating expenses for owners
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in Apple Valley, California – 13584 Yakima Rd. This well-maintained property, built in 1986, boasts 11 units with a mix of two-bedroom layouts, offering a reliable income stream for savvy investors. The attractive property features private patios for each unit, enhancing tenant appeal and retention rates. Benefiting from a convenient location near schools and shopping centers, this multifamily property presents a solid addition to any investment portfolio. With a current occupancy rate of 91%, each unit is designed for quality living, ensuring tenant satisfaction and consistent rental income. Notable highlights include the upcoming Brightline West high-speed railway project, set to connect Los Angeles to Las Vegas with a stop in Apple Valley, further enhancing the area's accessibility and desirability. Don't miss out on this opportunity to own 13584 Yakima Rd and capitalize on its potential in this thriving market.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,995,000 |
| Price Per Unit | $181,364 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 11.26 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 10,260 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.14/1,000 SF |
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,585 | 930 |
| 2+1.5 | 3 | $1,595 | 940 |
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PROPERTY TAXES
| Parcel Number | 3087-301-20 | Total Assessment | $1,562,640 (2024) |
| Land Assessment | $61,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,501,440 (2024) | Tax Year | 2025 |
ZONING
| Zoning Code | R3, Apple Valley (Multifamily Residential) |
