21905 Powhatan RD Active

Apple Valley,CA 92308

$ 2600000

- Bed

- Bath

7774 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,774 sqft

Price per Sqft $334

MLS Listing ID CV24208870

Year Built 1972

Lot Size 4.757 Acres

Property Description

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.

Location

State CA

County San Bernardino

Area Appv - Apple Valley

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Utilities Available Sewer Connected,Water Connected

Building

Lot Description 16-20 Units/Acre,Lot Over 40000 Sqft,Level,Rectangular Lot,Street Level,Value In Land

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan,Owner Will Carry,Owner May Carry

Listing Terms Cash to New Loan,Owner Will Carry,Owner May Carry

Special Listing Condition Standard

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