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Listed by Gabriel Chipe, DRE #02056431 • LEOLA Commercial , Inc.
$ 1,375,000
Est. payment | /mo
0.42 Acres Lot
$ 1,375,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26169312
Year Built 1984
Lot Size 0.424 Acres
Source California Regional MLS
Property Description
Have you been thinking of investing in apartments? Leola Commercial, Inc is proud to present 1111 Apple Avenue, a 6-unit multifamily investment opportunity located in Wrightwood, California. Consisting of all (2+1) renovated units with 2-car attached garages. This investment opportunity offers large units suitable for families and working professionals. This well-maintained property features large unit town-home style layouts, patios, and secured covered parking. Several units have been recently renovated, providing investors with strong in-place cash flow along with meaningful value-add potential. The property boast a newer roof installed in 2022 and newer water heaters in most of the units. The property sits on a 18,489 SF lot and offers approximately 6,602 SF of rentable space. Current rents are approximately 23.63% below market, presenting a clear opportunity for rent growth. A savvy investor may further enhance returns by converting the garages to ADU's and add additional parking in the rear of the building. Nestled about 50 minutes southeast of Palmdale, this mountain community is next to Mountain High Ski Resort! The asset benefits from excellent freeway access via State Highway 2 and State Highway 38 (connecting from the north) and is located about 15 miles from Intersta
Location
State CA
County San Bernardino
Area Wrwd - Wrightwood
Interior
Laundry None
Exterior
Parking Features Garage
Garage Spaces 12.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 0355113070000
Special Listing Condition Not Applicable
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