21905 Powhatan Road
Description
- Current...Seller financing available for development opportunity, contact listing agent for details. 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. 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. - 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. - 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. - 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.
- Listed by John Stephens • DRE #01238307 • Brokerage DRE #01238307 • KW COMMERCIAL • 909-509-5916
Property Details for 21905 Powhatan Road
Property Details for 21905 Powhatan Road
| Status | Active |
|---|---|
| MLS # | CV24208870 |
| Days on Market | 73 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1972 |
| County | San Bernardino County |
Building Information for 21905 Powhatan Road
Property Information for 21905 Powhatan Road
- Gross Income: $206,724
- Gross Scheduled Income: $206,724
- Net Operating Income: $131,895
- Operating Expense: $69,382
- Insurance Expense: $6,001
- Professional Management Expense: $18,587
- Trash Expense: $4,870
- Water Sewer Expense: $14,113
- Total Expenses: $69,382
- Tax Tract Number: NA
- Tax Census Tract: 97.12
- CFD/Mello-Roos Fee: $2,305
- Tax Lot: NA
- Community Features: Curbs
- Laundry: Yes
- Laundry Features: Common Area
- Entry Location: Front gate
- Miscellaneous: Value in Land
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 16-20 Units/Acre, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Level, Value In Land
- Number Of Units: 13
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Utilities: Sewer Connected, Water Connected
- Electric: Sewer Connected, Water Connected
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 7
- Open Other Spaces Total: 7
- Parking Garage Spaces: 0
- Carport Spaces: 20
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,309
- Unit Type Total Rent: $1,309
- Unit Type Pro Forma: 1414
- Unit Type Type: 1
- Unit Type Units Total: 10
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,310
- Unit Type Total Rent: $13,100
- Unit Type Pro Forma: 1415
- Unit Type Type: 2
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,409
- Unit Type Total Rent: $2,818
- Unit Type Pro Forma: 1522
- Unit Type Type: 3
- Rent Controlled: Yes
- Number Of Buildings: 7
- Number Of Separate Electric Meters: 13
- Number Of Separate Gas Meters: 13
- Number Of Separate Water Meters: 2
Property History for 21905 Powhatan Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 21905 Powhatan Road
Schools near 21905 Powhatan Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | K to 12 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Rancho Verde Elementary School PublicK to 6 | ||
High Desert Premier Academy PublicK to 12 | ||
Apple Valley High School Public9 to 12 | ||
Vanguard Preparatory School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW COMMERCIAL, John Stephens, DRE #01238307
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.