16340 Wato Road
Apple Valley, CA, 92307 $ 1,297,000
Bedrooms12 Baths2.0 Sq 6,192 Monthly Estimate*
$ 9,060
Listed by LE INVESTMENT GROUP
for $1,297,000 with 12 bedrooms and 2 full baths. This 6,192 square foot home was built in 1984 on a lot size of 0.5716.
*This Property to be sold as portfolio with 17807 Siskiyou Road, Apple Valley, CA 92307* Reference MLS#IV24038037 The Haven Vista Apartments are located at 16340 Wato Road, Apple Valley, CA 92307 & 17807 Siskiyou Road, Apple Valley, CA 92307. The investment in the Desert Knolls area of Apple Valley, encompassing two separate 6-unit buildings, presents a unique opportunity. These properties are well-equipped with garages, central heating and A/C, and offer scenic views, enhancing their appeal. The Desert Knolls location is desirable for its tranquility, accessibility, and proximity to essential amenities, making it an attractive option for investors seeking to capitalize on the residential demand in Apple Valley. The 12 unit apartment portfolio is comprised of two (6) unit complex consisting of (12) 2-bedroom / 2 bathroom units that are approximately 985-1200 Sq. Ft. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy, in comparison to similar properties. The updated living conditions and the safe environment are both attractive features, to working class families, who constitute the tenant base. The rents are stable, with room for increases. The tenants will be willing to pay a premium to live in this safe and agreeable atmosphere.
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FeaturesGeneralSewer PublicSewer
Garage Spaces 6.0
Pool Features None
Year Built 1984
Stories 1
Levels One
Property SubType Apartment
Gross Income 136690.0
Community Features Suburban
County San Bernardino
Net Operating Income 89276.0
Operating Expense 40579.0
Insurance Expense 5373.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Pending
Directions Cross streets Wato Rd. & Siskiyou
City Apple Valley
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area APPV - Apple Valley
Lot Size Square Feet 24900.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Wato
Listing Terms Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 1876.0
Home Warranty Y/N N
Fuel Expense 1876.0
Trash Expense 1876.0
Water Sewer Expense 1876.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 12
Building Area Units SquareFeet
Standard Status Pending
Year Built Source PublicRecords
Tax Lot 124
Property Sub Type Additional Apartment
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ExteriorLot Features Item610UnitsAcre
Water Source Public
Total Parking 6.0
Lot Size Area 24900.0
Number of Buildings 2
Spa N
Building Area Total 6192.0
Lot Size Acres 0.5716
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Common Walls Item1CommonWall NoOneAbove
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Road
Laundry Features ElectricDryerHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByLe Investment GroupBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,060
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Apple Valley, CA
Average List Price $1,142,870
Percent of Sale Price 12%
About Apple Valley, CA 73,363 Population
35% Since 2002
$ 48,599 Median Income
37.92 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/24/2024 | $1,290,000 | | Listed Price |