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Sold for $1,297,000 on 05/28/24
  • Listing Provided by: 

    DARREN CORREA DRE #02066621 909-256-7889,

    LE INVESTMENT GROUP

    Bought with: LE INVESTMENT GROUP
    $1,297,000

    16340 Wato Rd, Apple Valley, CA 92307

    12beds
    12baths
    6,192sqft
    Multi Family
    Built in 1984
    -- sqft lot
    $1,298,900 Zestimate®
    $209/sqft
    $1,502 Estimated rent

    Home value

    $1,298,900

    $1.17M - $1.44M

    $1,502/mo

    Zestimate® history
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    What's special

    *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.

    Zillow last checked: 8 hours ago

    Listing updated: May 31, 2024 at 09:49am

    Listing Provided by:

    DARREN CORREA DRE #02066621 909-256-7889,

    LE INVESTMENT GROUP

    Bought with:

    DARREN CORREA, DRE #02066621

    LE INVESTMENT GROUP

    Source: CRMLS,MLS#: IV24038007MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 12
    Appliances
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 1 Common Wall,No One Above
    Interior area
    • Total structure area: 6,192
    • Total interior livable area: 6,192 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 6
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.57 Acres
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 0473312040000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Apple Valley

    Other

    Other facts
    • Listing terms: 1031 Exchange

    Price history

    DateEventPrice
    5/28/2024Sold$1,297,000+0.5%$209/sqft
    Source: CRMLS #IV24038007
    4/5/2024Pending sale$1,290,000$208/sqft
    Source: CRMLS #IV24038007
    3/6/2024Contingent$1,290,000$208/sqft
    Source: CRMLS #IV24038007
    2/24/2024Listed for sale$1,290,000$208/sqft
    Source: CRMLS #IV24038007
    4/9/2021Listing removed--
    Source: Zillow Rental Manager

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92307

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $1,298,900

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,298,900