Rarely available 18-unit multifamily investment in Apple Valley’s highly desirable Desert Knolls submarket, offering strong cash flow, excellent occupancy, and easy leasing demand. Composed of all spacious 2-bed/1-bath units (~874 sq. ft. each), this gated community stands out with separate gas and electric meters, individual hot water heaters, and A/C & central heating.
Situated on an oversized 60,548 sq. ft. (1.39+ acre) lot with mountain views and great curb appeal, the property includes four separate two-story buildings, garage parking plus additional open spaces, and wrought-iron gated entry. On-site laundry adds ancillary income potential.
Recent capital improvements have been completed on 16 of the 18 units, including updated kitchens and bathrooms and laminated wood flooring, allowing the property to command premium rents. These upgrades position the asset for long-term stability with less maintenance.
Located near St. Mary’s Hospital, schools, shopping, and close to freeways. This is a good opportunity for investors.
204 days
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230
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3
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Zillow last checked:
Listing updated:
Listed by:
Anne YangDRE #00974885626-488-8828,
Anne Yang, Broker
Source: CRMLS,MLS#: CV25280375Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 36
Bathrooms: 18
Rooms
Room types: Kitchen, Living Room
Heating
Central
Cooling
Wall/Window Unit(s)
Appliances
Included: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Water Heater
Laundry: Common Area
Features
Living Room Deck Attached
Flooring: Carpet, Laminate
Has fireplace: Yes
Fireplace features: Kitchen, Living Room
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 15,732
Total interior livable area: 15,732 sqft
Property
Parking
Total spaces: 36
Parking features: Assigned, Covered, Garage
Garage spaces: 18
Uncovered spaces: 18
Features
Levels: Two
Stories: 2
Entry location: Ground
Pool features: None
Spa features: None
Fencing: Block,Chain Link,Wrought Iron
Has view: Yes
View description: Desert, Mountain(s), Rocks
Lot
Size: 1.39 Acres
Features: 16-20 Units/Acre, Back Yard, Front Yard, Lot Over 40000 Sqft, Yard
Details
Parcel number: 0473153220000
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Updated/Remodeled
New construction: No
Year built: 1986
Utilities & green energy
Electric: Electricity - On Property
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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