Keegan Cin | Realtor® | License # DRE 01971604

Property

Apple Valley, CA 92308 21905 Powhatan Road

21905 Powhatan Road Apple Valley, CA - Image 121905 Powhatan Road Apple Valley, CA - Image 221905 Powhatan Road Apple Valley, CA - Image 3
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21905 Powhatan Road Apple Valley, CA - Image 421905 Powhatan Road Apple Valley, CA - Image 5
Presented By: John Stephens with KW COMMERCIAL; 909-509-5916
  • MLS# CV24208870
  • 10/08/2024
  • Request Tour
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  • Beds • 14
  • Baths • 3
  • SQFT • 7,774
  • Year Built • 1978

Home Details

Presenting a unique chance to acquire a multifamily property at 21905 Powhatan Rd, Apple Valley, CA, featuring 13 existing units with significant expansion potential. This strategically located property boasts additional land zoned under the recently approved Village Specific Plan, allowing for the development of up to 92 units, while retaining its grandfathered multifamily zoning status. Key Features: - Current Units: 13 well-maintained multifamily units, providing immediate rental income. - Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion. - Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process. - Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs. - Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants. This property represents an exceptional investment opportunity in a thriving market. Whether you're looking to expand your real estate portfolio or embark on a new development project, 21905 Powhatan Rd offers the perfect blend of immediate income and long-term growth potential.
Presented By: John Stephens with KW COMMERCIAL; 909-509-5916

Interior Features for 21905 Powhatan Road

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, EndUnit, NoOneAbove, NoOneBelow
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 21905 Powhatan Road

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces20.0
Carport Y/NYes
CityApple Valley
Community FeaturesCurbs
CountySan Bernardino
DirectionsPowhatan Rd & Manhasset Rd
Electric On Property Y/NNo
Entry LocationFront gate
Garage Spaces0.0
Garage Y/NNo
Gross Income206724.0
HOANo
Home Warranty Y/NNo
Insurance Expense6001.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan, OwnerWillCarry, OwnerMayCarry
Lot Size Square Feet207214.92
Lot Size UnitsAcres
MLS AreaAPPV - Apple Valley
MobileHomeRemainsYNNo
Net Operating Income131895.0
New ConstructionNo
Number Of Units Total13
Open Parking Spaces7.0
Operating Expense69382.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax LotNA
Trash Expense4870.0
UtilitiesSewerConnected, WaterConnected
Water Sewer Expense14113.0
Waterfront Y/NNo
Year Built1978
Year Built SourceOther

Exterior for 21905 Powhatan Road

Building Area Total7774.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre, LotOver40000Sqft, Level, RectangularLot, StreetLevel, ValueInLand
Lot Size Acres4.757
Lot Size Area4.757
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking27.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,600,000
MLS#CV24208870
List Date 10/08/2024
Property Type Multi-Family
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