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20300468
20300470

21905 Powhatan, Apple Valley, CA 92308

JS
CA 01238307
Keller Williams
Listed by Keller Williams
$2,550,000
519 days on market
Updated 85 days ago

21905 Powhatan

Details
APN 3087351060000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,774
Units 13
Cap Rate 5.17%
NOI $131,895
Pro-Forma Cap Rate 5.73%
Pro-Forma NOI $146,101
Year Built 1978
Buildings 7
Stories 1
Acreage 4.757
Zoning Other
Investment Type Value Add
Ground Lease No

Multifamily | 13 Units + Development Opportunity | Seller Financing Available for Development Opp

Marketing description

Multifamily | 13 Units + Development Opportunity | Seller Financing Available for Development Opp

Investment highlights

- 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 & community center, near shopping, schools, and recreational facilities making it attractive to prospective tenants.

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Listing Contacts

JS
CA 01238307
Keller Williams
Listed by Keller Williams

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$131,895.00
$10,991.25/mo

Valuation Metrics

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DSCR
5.17%
Cap Rate
5.17%
ROI

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Zoning

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VA-SP SpecialVillage Specific Plan
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
John Stephens
License
01238307
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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