9140 E Ave Hesperia, CA 92345
Downtown Hesperia NeighborhoodEstimated payment $7,308/month
Highlights
- Property is near park
- Accessible Parking
- Central Heating and Cooling System
- No HOA
- Outdoor Storage
- Laundry Facilities
About This Home
Investment Opportunity: 9140 E Avenue, Hesperia, CA Seven-unit multifamily investment offering immediate cash flow with clear upside. Each of the seven units features a 2-bedroom, 1-bathroom layout, and all units have been fully remodeled and are 100% leased — delivering stabilized income from day one. Currently producing a 7.69% cap rate, this asset offers significant upside potential: bringing rents to market value would push the cap rate to 8.64%, making this a compelling value-add opportunity for investors seeking strong in-place returns with room to grow. Ideally located in Hesperia within the High Desert submarket, this turnkey property is well-suited for both 1031 exchange buyers and investors looking to add a low-maintenance, cash-flowing asset to their portfolio. With recent renovations already completed, ownership can step in without deferred maintenance concerns and simply execute a rent growth strategy to capture additional yield. Highlights: * 7 units, all 2BR/1BA
* Fully remodeled, 100% occupied
* 7.69% current cap rate / 8.64% pro forma at market rents
* Turnkey — renovations complete, minimal capex needed
* Strong upside through organic rent growth
Listing Agent
Real Brokerage Technologies Brokerage Phone: 562-254-8677 License #01324790 Listed on: 07/31/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977 | Remodeled
Lot Details
- 18,750 Sq Ft Lot
- 1 Common Wall
- Chain Link Fence
Home Design
- Property Attached
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 5,876 Sq Ft Home
- 1-Story Property
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Bathrooms
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
- Parking Available
- Driveway
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Additional Features
- Accessible Parking
- Property is near park
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 20 / 90
- Tax Tract Number 90
- Assessor Parcel Number 0410172450000
- $204 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $4,500
- Maintenance Expense $165
- Trash Expense $5,760
- Water Sewer Expense $5,760
- Operating Expense $30,161
- Gross Income $122,400
- Net Operating Income $92,239
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,856 | $717,654 | $82,807 | $634,847 |
| 2025 | $7,856 | $703,582 | $81,183 | $622,399 |
| 2024 | $7,679 | $689,786 | $79,591 | $610,195 |
| 2023 | $7,596 | $676,260 | $78,030 | $598,230 |
| 2022 | $7,422 | $663,000 | $76,500 | $586,500 |
| 2021 | $3,225 | $278,421 | $20,472 | $257,949 |
| 2020 | $3,189 | $275,566 | $20,262 | $255,304 |
| 2019 | $3,126 | $270,163 | $19,865 | $250,298 |
| 2018 | $3,068 | $264,865 | $19,475 | $245,390 |
| 2017 | $3,017 | $259,671 | $19,093 | $240,578 |
| 2016 | $2,955 | $254,580 | $18,719 | $235,861 |
| 2015 | $2,920 | $250,756 | $18,438 | $232,318 |
| 2014 | $2,883 | $245,844 | $18,077 | $227,767 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2026 07/31/26 | For Sale | $1,200,000 | +84.6% | $204 / Sq Ft | |
| 02/04/2021 02/04/21 | Sold | $650,000 | -7.1% | $111 / Sq Ft | View Prior Sale |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- | |
| 10/21/2020 10/21/20 | For Sale | $700,000 | -- | $119 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Grant Deed | $650,000 | Orange Coast Ttl Co Of Socal | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $204,000 | Landsafe Title | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $138,000 | First American Title Ins Co |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $487,500 | Commercial | |
| Previous Owner | $153,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26167418
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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