$3,499,000

Estimated payment $21,172/month

Total Views 529
2 Beds
1 Bath
15,732 Sq Ft
$222 Price per Sq Ft

Highlights

  • 1.39 Acre Lot
  • Fireplace in Kitchen
  • Private Yard
  • Mountain View
  • Living Room with Attached Deck
  • No HOA

About This Home

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.

Listing Agent

Anne Yang

Anne Yang, Broker Brokerage Phone: 626-488-8828 License #00974885 Listed on: 12/25/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 1.39 Acre Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Private Yard
  • Back and Front Yard
  • Density is 16-20 Units/Acre

Parking

  • 18 Car Garage
  • 18 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Property Views

  • Mountain
  • Desert
  • Rock

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 15,732 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 4994
  • Assessor Parcel Number 0473153220000
  • $5,532 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 18 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $17,261
  • Professional Management Expense $16,709
  • Trash Expense $11,765
  • Water Sewer Expense $15,243
  • Operating Expense $60,978
  • Gross Income $329,520
  • Net Operating Income $301,331

Property Details

Home Type

Apartment

Year Built

Built in 1986 | Remodeled

Lot Details

0

Parking

18

Listing Details

  • Professional Management Expense: 16709.00
  • Property Attached: No
  • Road Frontage Type: Access Road
  • View: Yes
  • Water Sewer Expenses: 15243.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0473153220000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Deck Attached
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 222.41
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Desert, Mountain(s), Rocks
  • Fence: Yes
  • Fencing: Block, Chain Link, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Garage
  • Total Parking Spaces: 36.00
  • Uncovered Spaces: 18.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 11765.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Back Yard, Front Yard, Lot Over 40000 Sqft, Yard
  • Lot Size Sq Ft: 60548.00
  • Lot Size Acres: 1.3900

Multi Family

  • Gross Income: 329520.00
  • Gross Scheduled Income: 329520.00
  • Insurance Expense: 17261.00
  • Lot Size Area: 60548.0000 Square Feet
  • Net Operating Income: 301331.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Number With Dishwasher: 18
  • Number With Disposal: 18
  • Number With Range: 18
  • Operating Expense: 28189.00
  • Rent Control: No
  • Total Expenses: 60978.00

Tax Info

  • Tax Lot: 38
  • Tax Tract Number: 4994
  • TaxOtherAnnualAssessmentAmount: 5532.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2025 $34,500 $2,954,736 $249,696 $2,705,040
2024 $34,500 $2,896,800 $244,800 $2,652,000
2023 $34,182 $2,840,000 $240,000 $2,600,000
2022 $22,747 $1,813,283 $105,118 $1,708,165
2021 $22,231 $1,777,729 $103,057 $1,674,672
2020 $21,953 $1,759,500 $102,000 $1,657,500
2019 $16,800 $1,294,674 $106,121 $1,188,553
2018 $16,394 $1,269,288 $104,040 $1,165,248
2017 $16,161 $1,244,400 $102,000 $1,142,400
2016 $14,847 $1,220,000 $100,000 $1,120,000
2015 -- $1,068,100 $33,000 $1,035,100
2014 $12,037 $971,000 $30,000 $941,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/25/2025 12/25/25 For Sale $3,499,000 +23.2% $222 / Sq Ft
10/28/2022 10/28/22 Sold $2,840,000 -5.3% $181 / Sq Ft View Prior Sale
05/18/2022 05/18/22 For Sale $3,000,000 +145.9% $191 / Sq Ft
11/05/2015 11/05/15 Sold $1,220,000 -10.9% $78 / Sq Ft View Prior Sale
06/27/2015 06/27/15 Pending -- -- --
01/28/2015 01/28/15 For Sale $1,370,000 -- $87 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25280375

California Regional Multiple Listing Service (CRMLS)