19287 Us Highway 18, Apple Valley, California 92307
- $1,400,000
- $1,400,000
Overview
- Apartment, Residential Income
- 8.0
- 7200 Sqft
- 1979
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.
Address
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Address: 19287 US Highway 18
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City: Apple Valley
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State/county: CA
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Zip/Postal Code: 92307
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Country: US
Details
Updated on September 2, 2025 at 7:00 pm-
Property ID IV25120270
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Price $1,400,000
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Property Size 7200 Sqft
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Land Area 0.6101 Acres
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Garages 8.0
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Year Built 1979
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Submit
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Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central, Fireplace(s)
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Flooring Vinyl
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County San Bernardino
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Property Type Residential Income
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Pool None
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Parking Driveway, Garage Faces Front
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Community Features Biking, Hiking, Horse Trails
Mortgage Calculator
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