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Listed by ALBERT LE • LE INVESTMENT GROUP
$ 1,400,000
Est. payment /mo
Active
19287 US Highway 18 Apple Valley, CA 92307
7,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $194
MLS Listing ID IV-25120270
Year Built 1979
Lot Size 0.610 Acres
Property Sub-Type Apartment
Property Description
Highlights: Attractive in-place 6.29% CAP rate and 10.67 GRM, plus upside to a 7.25% ProForma CAP rate and 8.84 GRM / Attractive 6.00% interest rate with 60.20% LTV -- strong leverage with conservative risk. / All large 2-bed layouts in single-story construction -- ideal for tenant retention, rental demand, and low operating costs. / Large 0.61 acres lot. Onsite laundry and private garages for each unit -- added income, value, and tenant convenience. / Easy to manage - current owner is remote, offering efficiency potential for local management. Please do not disturb the tenants -- DRIVE BY ONLY. See the attached for more details. Le Investment Group is pleased to present this 8-unit multifamily opportunity on Highway 18 in Apple Valley. All units feature spacious 2-bed/1-bath layouts. The property offers a strong in-place CAP rate of 6.29%, with a ProForma CAP rate of 7.25%, showcasing both solid performance and upside potential. Priced below comps at just $175K per unit. Attractive financing available: 6.00% interest rate with 60.20% LTV.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Heating Central, Fireplace(s)
Cooling Central Air
Flooring Vinyl
Fireplaces Type Living Room
Laundry Community
Exterior
Parking Features Driveway - Combination, Garage Faces Front
Garage Spaces 8.0
Pool None
Community Features Biking, Hiking, Horse Trails
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Desert Front, 6-10 Units/Acre, Back Yard
Sewer Public Sewer