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Closed
- Listed price
- $578,888
- Listed Apr 26, 2019
- Sold price
- $504,000
- Sold Nov 27, 2019
27,900 sqft lot|1959 Built|181 MLS days on market
21225 Wigwam St, Apple Valley, CA 92307
Property Description
Investment Highlights: Offering Actual CAP Rate of 6.91 % / ProForma CAP Rate of 7.53 %. Offering Actual GRM of 8.80, With a ProForma GRM of 8.04. Conservative 5-7 % Upside in Potential Rental Income. Located 8 Minutes From St. Mary’s Medical Center Hospital. Recent Capital Improvements. Non-Rent Control Community & Area. Long Term Tenants With Upside in Potential Rental Income. The Apartment is 100 % Occupied & Rental Comparables Illustrate a 99 % Occupancy Area. The 21225 Wigwam apartments are located on the corner lot of Dale Evans Parkway and Wigwam Road. This large 0.64 acre lot has great visibility from Highway 18 and the 15 freeway. The Property has accessible onsite parking in the front. This six unit apartment community is composed of all 2 bedroom / 1 bedroom units that are approximately 933 Sq. Ft. The property has recent improvements and is 100% occupied. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
Listing agent: ALBERT LEDRE #01468313albert.le@leinvestmentgroup.com, Listing office: LE INVESTMENT GROUP
MLS data updated 11/3/2026, 7:18:13 AM PT
Source: CRMLSMLS #: IV19096154
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$504,000
Nov 27, 2019
Available records32019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92307 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92307 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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