We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schools, and a family-friendly atmosphere that provides a high quality of life.
Multi-familyProperty Type
1965Year Built
1 acresLot Size
$214Price/Sq.Ft.
6 garage spacesParking
Listed by Kristopher German•DRE #01800021• RE/MAX 2000 REALTY
Contact: 909-645-0443
Bought with Kristopher German•DRE #01800021• RE/MAX 2000 REALTY
Six units, in three separate duplexes on one lot. Each unit has 2 bedrooms and 1 bath, a fenced-in yard, plus an attached single-car garage, with the garages separating each unit. Each unit also has its own in-unit laundry area with washer/dryer hookups. Large lot with generous parking. One unit is currently available for rent.
CRMLS #IG16068988
Apr 25, 2016
Sold
$429,000
$88/sq ft
Apr 7, 2016
Pending
—
Apr 4, 2016
Listed
$429,900
$88/sq ft
SDMLS #301712021
Apr 25, 2016
Sold
$429,000
$88/sq ft
Apr 4, 2016
Listed
$429,900
$88/sq ft
CRMLS #K08079348
Jul 1, 2010
Listing Removed
—
Nov 5, 2008
Listed
$569,900
$116/sq ft
CRMLS #270998
May 25, 2005
Sold
$499,000
$102/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,989 (+17.0%)
$183,600 + $887,400
$1,071,000
2024
$11,102 (+6.8%)
$180,000 + $870,000
$1,050,000
2023
$10,395 (+66.9%)
$173,400 + $673,200
$846,600
2022
$6,229 (+2.3%)
$173,400 + $673,200
$846,600
2021
$6,088 (+1.3%)
$72,510 + $406,050
$478,560
2020
$6,011 (+1.9%)
$71,088 + $398,088
$469,176
2019
$5,900 (+2.5%)
$70,359 + $394,006
$464,365
2018
$5,757 (+1.4%)
$68,979 + $386,280
$455,259
2017
$5,675 (+3.2%)
$66,300 + $371,280
$437,580
2016
$5,501 (+13.9%)
$66,300 + $371,280
$437,580
2015
$4,830 (+8.6%)
$44,300 + $411,100
$455,400
2014
$4,446 (+4.7%)
$35,000 + $325,000
$360,000
2013
$4,247 (+22.3%)
$35,000 + $325,000
$360,000
2012
$3,473 (+0.5%)
$81,300 + $256,300
$337,600
2011
$3,455 (−0.3%)
$65,000 + $205,000
$270,000
2010
$3,466 (−45.9%)
$65,000 + $205,000
$270,000
2009
$6,411 (+3.9%)
$65,000 + $205,000
$270,000
2008
$6,169
$93,955 + $446,179
$540,134
Tax history for 21430 Nisqually Rd
Year
Property tax
Land + Additions
Assessment*
2025
$12,989 (+17.0%)
$183,600 + $887,400
$1,071,000
2024
$11,102 (+6.8%)
$180,000 + $870,000
$1,050,000
2023
$10,395 (+66.9%)
$173,400 + $673,200
$846,600
2022
$6,229 (+2.3%)
$173,400 + $673,200
$846,600
2021
$6,088 (+1.3%)
$72,510 + $406,050
$478,560
2020
$6,011 (+1.9%)
$71,088 + $398,088
$469,176
2019
$5,900 (+2.5%)
$70,359 + $394,006
$464,365
2018
$5,757 (+1.4%)
$68,979 + $386,280
$455,259
2017
$5,675 (+3.2%)
$66,300 + $371,280
$437,580
2016
$5,501 (+13.9%)
$66,300 + $371,280
$437,580
2015
$4,830 (+8.6%)
$44,300 + $411,100
$455,400
2014
$4,446 (+4.7%)
$35,000 + $325,000
$360,000
2013
$4,247 (+22.3%)
$35,000 + $325,000
$360,000
2012
$3,473 (+0.5%)
$81,300 + $256,300
$337,600
2011
$3,455 (−0.3%)
$65,000 + $205,000
$270,000
2010
$3,466 (−45.9%)
$65,000 + $205,000
$270,000
2009
$6,411 (+3.9%)
$65,000 + $205,000
$270,000
2008
$6,169
$93,955 + $446,179
$540,134
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
200 ft.
Lot depth
217 ft.
Lot size
1 Acre
Year renovated
1965
Sq. Ft.
4,896
Year built
1965
Style
Multi-Family (5+ Unit)
County
San Bernardino County
APN
3087 334 14 0 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
R-M
Multi-Family Residential District
This district is intended to provide an area for higher density housing types, including single family attached and multi-family homes such as duplexes, condominiums, townhouses, apartments and senior housing developments. Single family detached units are allowed on existing lots of 8,712 sq ft net acres 10,000 sq ft in the Mountain Vista neighborhood only [2]. Up to 20 units per acre may be allowed. The minimum lot size shall be 17,424 sq ftnet acres 18,000 sq ft, except for existing lots of no less than 8,712 sq ft net acres in the Mountain Vista neighborhood. The maximum number of units allowed on a parcel located in the R-M district shall be calculated by multiplying the total net area of the lot in acres by 20 units per acre.
Permitted uses
Include but are not limited to:
Housing-Senior
Educational/school
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 18
# of Garage Spaces: 6
# of Parking Spaces: 24
Interior
Laundry Information
Has Laundry
Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
Entry Level: 1
Entry Location: 1
Levels: One
Unit Type 1 Information
Unit Key Numeric: 11756969
Listing Key Numeric: 373247404
Actual Rent: $1,710
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,710
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11756970
Listing Key Numeric: 373247404
Actual Rent: $1,540
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 2
Attached Garage: Yes
# of Garage Spaces: 1
Total Rent: $1,540
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 373247404
Unit Key Numeric: 11756971
Actual Rent: $1,500
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,500
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 373247404
Unit Key Numeric: 11756972
Actual Rent: $1,500
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,500
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 11756973
Listing Key Numeric: 373247404
Actual Rent: $1,500
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,500
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 373247404
Unit Key Numeric: 11756974
Actual Rent: $1,500
Total # of Baths: 1
# of Baths Full: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,500
Total # of Units: 1
Expenses
Trash: $5,400
Total: $33,480
Maintenance: $4,500
Insurance: $5,250
Water Sewer: $4,250
New Taxes: $13,180
Multi-Unit Information
Net Operating Income: $74,190
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 4,896
Gross Scheduled Income: $111,000
Gross Operating Income: $107,670
Gross Income: $111,000
# Of Leased Units: 6
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 6
# Of Separate Electric Meters: 6
# Of Buildings: 3
Vacancy Allowance: 3330
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 6-10 Units/Acre, Lot Over 40000 Sqft
Property Information
Common Interest: Community Apartment
Total # of Units: 6
Common Walls: 1 common wall
Parcel Number: 3087334140000
Attached Property
Total # of Stories: 1
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $33,480
Other Expense: $900
Other Expense Description: Reserves
Rent Control
Tenant Pays: Electricity, Gas
Total Actual Rent: $9,250
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks
Location Information
Latitude: 34.48705900
Longitude: -117.19573200
Directions: East of I-15, South of CA-18; Near the Intersection of Algonquin Rd & Nisqually Rd
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,896
Stories: —
Lot Size: 1 acres
Style: Multi-Family (5+ Unit)
Year Built: 1965
Year Renovated: 1965
County: San Bernardino County
APN: 3087 334 14 0 000
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
IDX Contact Info: 909-645-0443
Days Active in MLS: 22
Continuous Days Active in MLS: 78
Listing Agent Information
List Agent First Name: Kristopher
List Agent Last Name: German
Listing Office Information
List Office Name: RE/MAX 2000 REALTY
Selling Agent Information
Buyer Agent First Name: Kristopher
Buyer Agent Last Name: German
Selling Office Information
Buyer Office Name: RE/MAX 2000 REALTY
Around this home
Schools
Yucca Loma Elementary School
Public K-6 • Assigned • 0.9mi
7/10
Phoenix Academy
Public K-8 • Assigned • 3.2mi
1/10
Apple Valley High School
Public 9-12 • Assigned • 1.4mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
15% chance of being in a wildfire in next 30 years
7/10 Heat Factor
6 days above 100° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
25 unhealthy days expected this year, 30 days in 30 years
Provided by First Street
Historical weather
Apple Valley, CA • 92308
Average low and high temperatures (°F)
57
40
63
45
70
50
69
49
79
58
89
66
93
71
94
72
85
67
79
57
64
46
63
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.9 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.