19287 Us Highway 18 Apple Valley, CA 92307
High Desert NeighborhoodEstimated payment $9,154/month
Total Views
2,005
2
Beds
1
Bath
7,200
Sq Ft
$194
Price per Sq Ft
Highlights
- Hiking Trails
- Horse Trails
- Vinyl Flooring
- Laundry Room
- Central Heating and Cooling System
- Back Yard
About This Home
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.
Listing Agent
LE INVESTMENT GROUP Brokerage Phone: 909-256-7889 License #01468313 Listed on: 05/29/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 0.61 Acre Lot
- Desert faces the front of the property
- 1 Common Wall
- Back Yard
- Density is 6-10 Units/Acre
Parking
- 8 Car Garage
- Parking Available
- Front Facing Garage
- Combination Of Materials Used In The Driveway
Home Design
- Apartment
Interior Spaces
- 7,200 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Vinyl Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 3382
- Assessor Parcel Number 0473042170000
- $1,976 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Horse Trails
- Hiking Trails
- Bike Trail
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,734
- Fuel Expense $2,735
- Insurance Expense $4,800
- Professional Management Expense $2,400
- Trash Expense $2,735
- Water Sewer Expense $2,735
- Operating Expense $40,348
- Gross Income $158,400
- Net Operating Income $88,077
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $1,400,000 | +86.0% | $194 / Sq Ft |
| 08/24/2018 08/24/18 | Sold | $752,888 | -0.8% | $105 / Sq Ft |
| 07/02/2018 07/02/18 | Pending | -- | -- | -- |
| 05/24/2018 05/24/18 | For Sale | $758,888 | -- | $106 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Home in Apple Valley, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25120270
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