19287 Us Highway 18, Apple Valley, California 92307
  • $1,400,000

Overview

Property ID: IV25120270
  • Apartment, Residential Income
  • Property Type
  • 8.0
  • Garages
  • 7200 Sqft
  • Area Size
  • 1979
  • Year Built

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: 19287 US Highway 18
  • City: Apple Valley
  • State/county: CA
  • Zip/Postal Code: 92307
  • Country: US

Details

Updated on September 2, 2025 at 7:00 pm
  • Property ID IV25120270
  • Price $1,400,000
  • Property Size 7200 Sqft
  • Land Area 0.6101 Acres
  • Garages 8.0
  • Year Built 1979
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Submit
  • Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central, Fireplace(s)
  • Flooring Vinyl
  • County San Bernardino
  • Property Type Residential Income
  • Pool None
  • Parking Driveway, Garage Faces Front
  • Community Features Biking, Hiking, Horse Trails

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