19287 US Highway 18 Active Save Request In-Person Tour Request Virtual Tour
Apple Valley,CA 92307
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV25120270
Year Built 1979
Lot Size 0.610 Acres
Source California Regional MLS
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
Rooms
Kitchen Garbage Disposal,Other,Oven - Gas
Interior
Heating Central Forced Air,Fireplace
Cooling Central AC
Laundry Community Facility
Exterior
Parking Features Garage,Other
Garage Spaces 8.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0473042170000
Special Listing Condition Not Applicable