19287 US Highway 18, Apple Valley, CA 92307
- $1,400,000
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- IV25120270
- Year Built
- 1979
- Lot Size
- 26,574
- Lot Location
- 6-10 Units/Acre, Back Yard, Desert Front
- Days on Market
- 116
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
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.
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Additional Information
- Appliances
- Gas Cooktop, Disposal, Gas Oven
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central, Fireplace(s)
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
Mortgage Calculator
Listing courtesy of Listing Agent: ALBERT LE (albert.le@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.