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    20220 Serrano

    Apple Valley, CA 92307
    • $725,000
    • STATUS: ACTIVE
    • ON SITE: 117 days
    • ID#: 302880111
    UPDATED: 44 min ago
    $725,000
    • 4
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Apple Valley (92307)
    Type:
    Multi-Family
    Built:
    1954
    County:
    San Bernardino
    Area:
    Apple Valley (92307)

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    Description

    The Serrano Apartments consist of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven-unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands. The Serrano Apartments consist of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven-unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/110607966
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    20220 Serrano Apple Valley, CA 92307

    • Price: $725,000
    • Status: ACTIVE
    • Updated: 44 min ago
    • ID#: 302880111
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1954
    Built
    Neighborhood:
    Apple Valley (92307)
    County:
    San Bernardino
    Area:
    Apple Valley (92307)
    Property Description
    The Serrano Apartments consist of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven-unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands. The Serrano Apartments consist of (6) one-Bedroom/one-Bath plus (1) non-conforming one-bedroom/one-bath for a total of seven fully rented units in Apple Valley, California. The seven-unit apartment sits on one parcel and was constructed in 1954. Furthermore, the property is conveniently located near highway 18 off of Rancherias Road providing an easier commute throughout the city. Due to large manufacturing and distribution centers being stationed in the high desert results in high job demands.
    Exterior Features

    Pool N/K Site CurbsSidewalks Spa N/K

    Interior Features

    Cooling Wall/Window Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Cooling 7

    Property Features

    Actual Cap Rate 6.67 Annual Expense Actual 28107 Assessments Yes/Remarks Buildings 2 Gross Rent Multiplier Actual 9.23 Gross Scheduled Income Actual 83976 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 915.0 Unit2 Rent Actual 954.0 Unit3 Rent Actual 970.0 Unit4 Rent Actual 980.0 Zoning Public Rec

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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