Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car spaces. Well located just 1.5 miles from Apple Valley High School and 5.2 miles from Victor Valley College. This investment property offers an investor the opportunity to acquire an asset with current cash flow and a substantial upside potential as current rents are under market. Priced well below replacement costs at a price per unit of $94,605 and a price per square foot of $93.91, this represents one of the best value opportunities in the high desert.
Multi-familyProperty Type
1986Year Built
4.03 acresLot Size
$93Price/Sq.Ft.
14 garage spacesParking
Listed by Ignacio Diaz Jr.•DRE #01379930• Investment Capital Real Estate
Bought with Robert Basen•DRE #00521368• Coldwell Banker Commercial Rea
*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
—
Lot depth
—
Lot size
1.84 Acres
Year renovated
1986
Sq. Ft.
19,140
Year built
1986
Style
Multi-Family (5+ Unit)
County
San Bernardino County
APN
0439 392 38 0 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 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: 65
# of Garage Spaces: 14
# of Parking Spaces: 79
Interior
Laundry Information
Has Laundry
Community
Cooling Information
Central
Has Cooling
Heating Information
Central Furnace
Has Heating
Unit Type 1 Information
Unit Key Numeric: 10535794
Listing Key Numeric: 363177813
Actual Rent: $849
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $13,584
Total # of Units: 16
Unit Type 2 Information
Unit Key Numeric: 10535795
Listing Key Numeric: 363177813
Actual Rent: $759
Total # of Baths: 2
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $14,291
Total # of Units: 19
Unit Type 3 Information
Listing Key Numeric: 363177813
Unit Key Numeric: 10535796
Actual Rent: $610
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,830
Total # of Units: 3
Expenses
Fuel Expense: $400
Trash: $9,232
Total: $130,242
Maintenance: $17,640
Insurance: $11,400
Water Sewer: $19,564
Electric: $1,015
New Taxes: $41,343
Multi-Unit Information
Net Operating Income: $215,560
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: 38,280
Gross Scheduled Income: $356,460
Gross Operating Income: $342,202
Gross Multiplier: 10.09
Gross Income: $356,460
# Of Leased Units: 38
# Of Separate Water Meters: 2
# Of Separate Gas Meters: 39
# Of Separate Electric Meters: 39
# Of Buildings: 4
Operating Expense Percent: $38
Vacancy Allowance Rate: 4
Vacancy Allowance: 14258
Exterior
Exterior Features
Pool Features: Community Pool
Lot Information
Additional Parcels Description: 043939239
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 6-10 Units/Acre, Corner Lot
Property Information
Total # of Units: 38
Common Walls: 2+ common walls
Parcel Number: 0439392380000
Attached Property
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Unknown
Lease / Rental Details
Operating Expense: $130,242
Other Expense: $15,960
Other Expense Description: MNGER
Total Actual Rent: $29,705
Utilities
Utilities Information
Sewer: Septic Type Unknown
Water Source: District/Public
Location
Neighborhood Information
Community Features: Rural
Location Information
Latitude: 34.47580000
Longitude: -117.17201400
Directions: 15 Freeway to Bear Valley Rd. Exit, Head East to Central Rd. and turn Left, Property on Right Hand Side
Public facts
Beds: —
Baths: —
Sq. Ft.: 19,140
Stories: —
Lot Size: 1.84 acres
Style: Multi-Family (5+ Unit)
Year Built: 1986
Year Renovated: 1986
County: San Bernardino County
APN: 0439 392 38 0 000
Home facts updated by county records on Jun 24, 2026
Other
Listing Information
Days Active in MLS: 123
Continuous Days Active in MLS: 123
Listing Agent Information
List Agent First Name: Ignacio
List Agent Last Name: Diaz Jr.
Listing Office Information
List Office Name: Investment Capital Real Estate
Selling Agent Information
Buyer Agent First Name: Robert
Buyer Agent Last Name: Basen
Selling Office Information
Buyer Office Name: Coldwell Banker Commercial Rea
Around this home
Schools
Sandia Elementary School
Public K-8 • Assigned • 1.7mi
3/10
Granite Hills High School
Public 9-12 • Assigned • 2.4mi
4/10
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
23% chance of being in a wildfire in next 30 years
7/10 Heat Factor
4 days above 99° expected this year, 10 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
92
68
94
72
87
65
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.