$7,500,000
NEW CONSTRUCTION $1M PRICE DROP

Estimated payment $44,689/month

Total Views 3,727
38 Beds
57 Baths
22,401 Sq Ft
$335 Price per Sq Ft

Highlights

  • New Construction
  • 38 Car Direct Access Garage
  • Laundry Facilities
  • 2.44 Acre Lot
  • Central Heating and Cooling System

About This Home

Seller Financing Available **Call or Email for Offering Memorandum**
Pleased to present for sale 12446 18th Street, Yucaipa, California, a 19-unit-unit multifamily community consisting of all two-bedroom, two and one half-bathroom townhome-style apartment units. Constructed in 2026, this offering represents a rare opportunity to acquire a newly constructed asset
in one of the Inland Empire’s most active, developing submarkets. The property is 100% vacant and the certificate of occupancy was issued August 2026.

The Yucaipa Townhomes are all-electric and built to the same standard, offering a cohesive, institutional-quality product that commands premium rents while minimizing near-term capital expenditure risk. The two-story layout features an open main level with kitchen, dining, living area, powder room, and attached two-car garage access, complemented by two private ensuite bedrooms upstairs, one bedroom with a walk-in closet. The units are individually metered for electricity and have individual hot water heaters. The result is a highly livable, two-bedroom, two-and a half-bathroom floor plans (1,179 S.F. each) that appeals to a broad renter demographic, from working couples and young families to dual-income households seeking the feel of a single-family home at a multifamily price point. Each unit also features a large private backyard with a patio cover that is a rare offering among comparable Yucaipa multifamily products.

Unit finishes are thoughtfully appointed throughout: quartz countertops, white oak-style plank flooring, shaker cabinets, recessed lighting, and cathedral ceilings. Each kitchen includes a dishwasher, refrigerator, and electric stove/oven, and each unit has its own individual hot water heater located in the garage. Every unit includes a direct two-car attached garage with an electric garage door opener and a 220V dryer outlet, a
200-amp electrical panel, central air conditioning and heat, and in-unit washer/dryer hookups. The community is secured with a code-access entry gate at the front entrance and a side exit gate, and features centralized mailboxes, low-maintenance landscaping, and an outdoor picnic area with artificial turf.

Listing Agent

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 07/17/2026

Co-Listing Agent

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2026 | New Construction

Lot Details

  • 2.44 Acre Lot
  • Two or More Common Walls

Parking

  • 38 Car Direct Access Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 22,401 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 38 Bedrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 2206 / 140
  • Tax Tract Number 87
  • Assessor Parcel Number 0300191320000
  • $11,938 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 5 Buildings
  • 19 Units

Amenities

  • Laundry Facilities

Building Details

  • 20 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $25,000
  • Gardener Expense $1,800
  • Insurance Expense $16,000
  • Maintenance Expense $10,000
  • Professional Management Expense $30,000
  • New Taxes Expense $89,079
  • Operating Expense $171,879
  • Gross Income $660,060
  • Net Operating Income $468,379

Property Details

Home Type

Multi-Family

Year Built

Built in 2026 | New Construction

Lot Details

2.44 Acres

Parking

38

Listing Details

  • CapRate: 6.25
  • Professional Management Expense: 30000.00
  • Property Attached: Yes
  • New Construction: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 0300191320000
  • Year Built: 2026
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 38
  • Half Bathrooms: 19
  • Total Bedrooms: 38
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 334.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 38.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 38.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 106286.40
  • Lot Size Acres: 2.4400

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 1179 Square Feet
  • Electric Expense: 25000.00
  • Gross Income: 660060.00
  • Gross Multiplier: 11.36
  • Gross Scheduled Income: 660060.00
  • Insurance Expense: 16000.00
  • Lot Size Area: 2.4400 Acres
  • Maintenance Expense: 10000.00
  • Net Operating Income: 468379.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 19
  • Number With Dishwasher: 19
  • Number With Patio: 19
  • Operating Expense: 171879.00
  • Rent Control: No
  • Total Expenses: 171879.00

Tax Info

  • New Taxes Expense: 89079.00
  • Tax Block: 140
  • Tax Lot: 2206
  • Tax Tract Number: 87.05
  • TaxOtherAnnualAssessmentAmount: 11938.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $42,075 $2,928,136 $248,136 $2,680,000
2025 $42,075 $2,598,270 $243,270 $2,355,000
2024 $12,527 $1,005,500 $238,500 $767,000
2023 $2,726 $233,824 $233,824 $0
2022 $2,695 $229,239 $229,239 $0
2021 $2,661 $224,744 $224,744 $0
2020 $2,687 $222,440 $222,440 $0
2019 $2,615 $218,078 $218,078 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2026 08/12/26 Price Changed $7,500,000 -16.6% $335 / Sq Ft
07/17/2026 07/17/26 For Sale $8,995,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26156701

California Regional Multiple Listing Service (CRMLS)
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