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For sale
  • Listing Provided by: 

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    $1,400,000

    19287 Us Highway 18, Apple Valley, CA 92307

    16beds
    8baths
    7,200sqft
    : 
    Multi Family
    Built in 1979
    -- sqft lot
    $-- Zestimate®
    $194/sqft
    $-- HOA

    What's special

    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.
    69 days
    on Zillow
    |
    269
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 29, 2025 at 04:36pm

    Listing Provided by:

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    Source: CRMLS,MLS#: IV25120270MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 19287 Us Highway 18.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    Heating
    • Central, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Gas Cooktop, Disposal, Gas Oven
    • Laundry: Common Area
    Features
    • Flooring: Vinyl
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 7,200
    • Total interior livable area: 7,200 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Garage Faces Front
    • Garage spaces: 8
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.61 Acres
    • Features: 6-10 Units/Acre, Back Yard, Desert Front
    Details
    • Parcel number: 0473042170000
    • Special conditions: Standard
    • Horse amenities: Riding Trail

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Biking, Hiking, Horse Trails
    Location
    • Region: Apple Valley

    Financial & listing details

    • Price per square foot: $194/sqft
    • Date on market: 5/29/2025
    • Listing terms: Submit
    • Total actual rent: 10930
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