21194 Laguna Road, Apple Valley, California 92308, Apple Valley, 92308 - bed, bath
ACTIVE$795,000
21194 Laguna Road, Apple Valley, California 92308
0Bed
0Bath
3,600Sqft
18,480Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This quadruplex is fully tenant-occupied with long-term tenants, and separate meters for gas and electric, with tenants responsible for utilities, ensuring stable cash flow.
Top Cons:
Property Age and Potential for Updates: Built in 1984, the property may require significant capital expenditures for updates and ongoing maintenance to remain competitive and maximize rental income.
Compared to the nearby listings
Price:$795.0K vs avg $510.9K (+$284,125)83%
Size:3,600 sqft vs avg 2,159 sqft67%
Price/sqft:$221 vs avg $22450%
More Insights
Built in 1984 (41 years old).
Condition: The property was built in 1984, making it 40 years old. The exterior images show a dated but seemingly maintained structure with older landscaping and roofing. There is no mention of recent renovations in the description, and no interior images are provided to assess the condition of kitchens, bathrooms, or other key interior features. Given its age and the lack of visible updates, the property likely requires minor cosmetic updates and potential system checks to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1984
Close
-
List price
$795K
Original List price
$925K
Price/Sqft
$221
HOA
-
Days on market
-
Sold On
-
MLS number
RS24198095
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Four Plex with Center Courtyard. Each has two bedrooms and one bath and a Two-Car garage with laundry. The tenant pays electric, gas. Separate electric and gas meters. They are on a Single-Family Street. Good residential area. Each unit has a small yard. All the units are tenant occupied. All the tenants are long terms. Close to shopping center, business area. There is a property management.
Nearby schools
3/10
Yucca Loma Elementary School
Public,•K-6•2.1mi
1/10
Sandia Elementary School
Public,•K-8•0.4mi
2/10
Mariana Academy
Public,•K-8•2.0mi
5/10
Apple Valley High School
Public,•9-12•0.7mi
Condition Rating
Fair
The property was built in 1984, making it 40 years old. The exterior images show a dated but seemingly maintained structure with older landscaping and roofing. There is no mention of recent renovations in the description, and no interior images are provided to assess the condition of kitchens, bathrooms, or other key interior features. Given its age and the lack of visible updates, the property likely requires minor cosmetic updates and potential system checks to meet modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Income Potential: This quadruplex is fully tenant-occupied with long-term tenants, and separate meters for gas and electric, with tenants responsible for utilities, ensuring stable cash flow.
Professional Management in Place: The property benefits from existing professional management, simplifying ownership and operations for investors.
Desirable Unit Amenities: Each unit offers attractive features including two bedrooms, one bath, a two-car garage with laundry facilities, and a small private yard, appealing to a broad tenant base.
Significant Price Reduction: The property has seen a substantial price drop from $925,000 to $795,000, presenting a potentially more attractive investment opportunity.
Good Residential Location: Situated in a good residential area, close to shopping centers and business districts, enhancing tenant convenience and property appeal, with mountain views.
Cons
Property Age and Potential for Updates: Built in 1984, the property may require significant capital expenditures for updates and ongoing maintenance to remain competitive and maximize rental income.
Low-Rated Local Schools: Several nearby elementary and middle schools have low ratings (1 and 2), which could limit appeal to families with school-aged children and impact long-term tenant demographics.
Lack of Specific Renovation Details: The description does not specify any recent unit renovations, suggesting interiors may be dated and could require investment to achieve higher rental rates or attract new tenants.