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 opportunit
MLS #
CRCV24208870
MLS Source
California Regional MLS
Days on Site
44
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
7 | – | – |
21905 Powhatan Rd is a Residential Income in Apple Valley, CA 92308. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,600,000 and was built in 1972.
This address can also be written as 21905 Powhatan Rd, Apple Valley, CA 92308.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 16, 2024. For the most current information, please contact John Stephens