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8.27% CAP AT ACTUAL RENTS!! 20365 Broken Bow Rd 5 Unit Apartment Building $906,815 CAD ($181,363 CAD/Unit) 8.27% Cap Rate Apple Valley, CA 92307
Investment Highlights
- BEST MULIFAMILY RETURNS IN UPPER DESERT!!!
- NEWER ROOF, UPGRADED KITCHENS!
- PUTTING OUT $70,620 AGI, 9.20 GRM, & 8.27% CAP RATE AT ACTUAL RENTS!!
- GREAT LOCATION JUST HALF BLOCK FROM APPLE VALLEY COMMONS INCLUDING WALMART, TARGET, & ALBERSONS!!
Executive Summary
This offering consists of 5 units in Apple Valley.
This neighborhood is high pride of ownership consisting of SFR's and multifamily.
This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need.
Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!!
These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio.
All units have their own gas & electric meters that the tenants sign up & pay for.
All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated.
Roof is in great shape with a 30 year warranty, and only 10 years old!!
Cash flow is excellent. At actual rents, it's putting out $53,770 NOI, and $70,620 annual gross rent. These actual rents equate to returns of a rarely seen 9.20 Gross Rent Multiplier, an outstanding 8.27% Cap Rate, and a robust 11.51% Cash on Cash Return!! at actuals rents!! Rents are below market but are month to month.
While this offering performs better on actual rents than any other multifamily in the Upper Desert, the returns go off the charts at market rents. At market rents, based on nearby rent comps, this complex can put out $76,750 NOI and $93,600 gross annually!! These market rents put out returns of a 6.94 GRM, a double digit 11.81% Cap Rate, and an astonishing 25.65% Cash on Cash Return!!!
TO VIEW THIS INFORMATION, INCLUDING RENT COMPS PLUS ACUTAL & MARKET RENT ROLL, PLEASE SEE MARKETING PACKAGE ATTACHED WITHIN THIS LISTING! THIS IS THE BEST PERFORMING MULTIFAMILY IN THE UPPER DESERT!!!
This neighborhood is high pride of ownership consisting of SFR's and multifamily.
This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need.
Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!!
These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio.
All units have their own gas & electric meters that the tenants sign up & pay for.
All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated.
Roof is in great shape with a 30 year warranty, and only 10 years old!!
Cash flow is excellent. At actual rents, it's putting out $53,770 NOI, and $70,620 annual gross rent. These actual rents equate to returns of a rarely seen 9.20 Gross Rent Multiplier, an outstanding 8.27% Cap Rate, and a robust 11.51% Cash on Cash Return!! at actuals rents!! Rents are below market but are month to month.
While this offering performs better on actual rents than any other multifamily in the Upper Desert, the returns go off the charts at market rents. At market rents, based on nearby rent comps, this complex can put out $76,750 NOI and $93,600 gross annually!! These market rents put out returns of a 6.94 GRM, a double digit 11.81% Cap Rate, and an astonishing 25.65% Cash on Cash Return!!!
TO VIEW THIS INFORMATION, INCLUDING RENT COMPS PLUS ACUTAL & MARKET RENT ROLL, PLEASE SEE MARKETING PACKAGE ATTACHED WITHIN THIS LISTING! THIS IS THE BEST PERFORMING MULTIFAMILY IN THE UPPER DESERT!!!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $906,815 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $181,363 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 8.27% | Building Size | 3,150 SF |
| Gross Rent Multiplier | 9.2 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1950/2025 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | N/Av | ||
| Price | $906,815 CAD |
| Price Per Unit | $181,363 CAD |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| Gross Rent Multiplier | 9.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,150 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/Av |
Amenities
Unit Amenities
- Fireplace
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0441-191-20 | Total Assessment | $650,030 CAD (2026) |
| Land Assessment | $120,007 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $530,024 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
0441-191-20
Land Assessment
$120,007 CAD (2026)
Improvements Assessment
$530,024 CAD (2026)
Total Assessment
$650,030 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Burton Apartment Realtors
8.27% CAP AT ACTUAL RENTS!! | 20365 Broken Bow Rd
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