Casa Del Sol Apartments
Excellent Desert Knolls Location
Large 2,000 S.F. 3 Bedroom, 2.5 Bath Townhome, Perfect for Owner-User
16%+ Rental Upside
Desirable Unit Mix Includes 2 & 3 Bedroom Floor Plans
Well Maintained & Pride Of Ownership Asset
Updated Interiors, Newer Windows, Copper Plumbing, Central Air Conditioning/Heating, & Dishwashers
Individual Garages With Remote-Controlled Access & An On-Site Laundry Facility
Individually Metered For Gas & Electricity | Individual Hot Water Heaters
Population Of 112,234 & Median Household Income Of $75,363 Within A 5 Mile Radius
Positioned To Benefit From The Brightline West High-Speed Rail Project & Continued Economic Growth Throughout The Victor Valley
Property Description
Marcus & Millichap is pleased to exclusively present the opportunity to acquire the Casa Del Sol Apartments located at 16102 Muni Road in Apple Valley, California. Ideally situated in Desert Knolls, one of the most premier residential neighborhoods in the high desert. The property features a highly desirable and unique unit mix consisting of one - three bedroom/two and two-and-one-half bathroom freestanding townhome of approximately 2,000 square feet. This detached residence is appointed with a two-car attached garage with remote control access, two central air conditioning systems, newer windows, two fireplaces, dishwasher, walk-in closet, dedicated laundry room, large private backyard with patio cover, an elevated deck with panoramic city views, and pitched tile roof. The remaining seven apartments consist of three - two bedroom/two bathroom units of approximately 955 square feet and four - two bedroom/two and two-and-one-half bathroom townhouse-style units of approximately 975 square feet. These units feature many interior upgrades, central air conditioning and heating, newer windows, dishwashers, and select units with enclosed backyards and walk-in closets. There are also seven oversized single car garages with remote control access, on-site laundry facility (owned), two storage rooms, one storage shed and low maintenance landscaping. All of the apartments are individually metered for gas and electricity and have individual hot water heaters and the property is on public sewer service. The property also benefits from excellent regional connectivity with convenient access to Interstate 15 and State Route 18, allowing residents to easily commute throughout Apple Valley, Victorville, Hesperia, and neighboring High Desert communities. Apple Valley continues to experience steady residential growth supported by expanding healthcare, logistics, education, and government employment sectors while maintaining a significantly more affordable cost of living than many Southern California markets. The town's continued investment in infrastructure, commercial development, and employment opportunities has further strengthened demand for quality rental housing throughout the area. 16102 Muni Road represents an exceptional opportunity to acquire a well-maintained multifamily asset offering durable cash flow, minimal deferred maintenance, and long-term appreciation potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,998,000 |
| No. of Units: | 8 |
| Cap Rate: | 4.79% |
| Year Built: | 1985 |
| Lot Size: | 0.65 Acres |
| APN: | 0473-381-18-0000 |
| Opportunity Zone: | No |
| Price per unit: | $249,750 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Gross income: | 148800 |
| Effective Gross income: | 145956 |
| Operating expenses: | 50323 |
| Net operating income: | 95633 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Doug McCauley | 626-695-6776 | [email protected] |
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