One may contend that value-added properties, particularly of this magnitude, are scarce in today's market. With its 38 units, this stands as one of the most sizable apartment complexes in Apple Valley, California. Notably, this building currently offers rental rates below prevailing market levels, indicating the potential for enduring enhancements in revenue stability.
Apple Valley has experienced significant population growth and a surge in economic activity, underscored by the emergence of new retail and industrial developments. As a result, the demand for housing is poised to intensify further, reflecting the ongoing growth trajectory in the region. This is a GEM in the making.
Sold for $5,100,000
Listing Provided by:
Jerrad Schendel DRE #01971338 jerrad.schendel@cbcinland.com,
Coldwell Banker Commercial Rea,
Robert Basen DRE #00521368,
Coldwell Banker Commercial Rea
Bought with: Coldwell Banker Commercial Rea
$5,100,000
22526-22544 Sioux Rd, Apple Valley, CA 92308
90beds
73baths
38,730sqft
Multi Family
Built in 1986
-- sqft lot
$5,063,200 Zestimate®
$132/sqft
$1,422 Estimated rent
Home value
$5,063,200
$4.56M - $5.62M
$1,422/mo
Zestimate® history
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$1,422/mo
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$32,599/mo
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Zillow last checked: 7 hours ago
Listing updated: February 27, 2025 at 05:09pm
Listing Provided by:
Jerrad Schendel DRE #01971338 jerrad.schendel@cbcinland.com,
Coldwell Banker Commercial Rea,
Robert Basen DRE #00521368,
Coldwell Banker Commercial Rea
Bought with:
Jerrad Schendel, DRE #01971338
Coldwell Banker Commercial Rea
Source: CRMLS,MLS#: HD23204397
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 90
- Bathrooms: 73
Appliances
- Laundry: See Remarks
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 38,730
- Total interior livable area: 38,730 sqft
Property
Parking
- Total spaces: 18
- Parking features: None
- Garage spaces: 18
Features
- Entry location: Front
- Pool features: Community, Fenced, See Remarks
Lot
- Size: 1.84 Acres
- Features: 16-20 Units/Acre
Details
- Additional parcels included: 0439392390000
- Parcel number: 0439392380000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: None
- Water: Private
- Utilities for property: Sewer Not Available
Community & neighborhood
Community
- Community features: Valley, Pool
Location
- Region: Apple Valley
HOA & financial
Other financial information
- Total actual rent: 525030
Other
Other facts
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2025 | Sold | $5,100,000-5.6%$132/sqft |
Source:  CRMLS #HD23204397 Report a problem | ||
| 9/6/2024 | Pending sale | $5,400,000$139/sqft |
Source: CRMLS #HD23204397 Report a problem | ||
| 8/2/2024 | Price change | $5,400,000-6.1%$139/sqft |
Source: CRMLS #HD23204397 Report a problem | ||
| 4/16/2024 | Price change | $5,750,000-11.5%$148/sqft |
Source: CRMLS #HD23204397 Report a problem | ||
| 11/6/2023 | Listed for sale | $6,500,000$168/sqft |
Source: CRMLS #HD23204397 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92308
Nearby schools
GreatSchools rating
- 3/10Sandia Elementary SchoolGrades: K-8Distance: 1.8 mi
- 4/10Granite Hills High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$5,063,200
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
$5,063,200
- California
- San Bernardino County
- Apple Valley
- 92308
- 22526-22544 Sioux Rd