Apple Valley, CA 92307 19287 US Highway 18
$1,400,000
9 more
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Beds • 16
Baths • 1
SQFT • 7,200
Garage • 8
Year Built • 1979
Home Details
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.
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Interior Features for 19287 US Highway 18
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringVinyl
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 19287 US Highway 18
Additional Parcels Y/NNo
AppliancesGasCooktop, Disposal, GasOven
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.29
Carport Y/NNo
CityApple Valley
Community FeaturesBiking, Hiking, HorseTrails
CoolingCentralAir
CountySan Bernardino
DirectionsLocated on outter Highway 18, frontage.
Electric Expense2734.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2735.0
Garage Spaces8.0
Garage Y/NYes
Gross Income158400.0
HOANo
HeatingCentral, Fireplaces
Home Warranty Y/NNo
Insurance Expense4800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet26574.0
Lot Size UnitsSquareFeet
MLS AreaAPPV - Apple Valley
MobileHomeRemainsYNNo
Net Operating Income88077.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Operating Expense40348.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot25
Total Actual Rent10930.0
Trash Expense2735.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense2735.0
Year Built1979
Year Built SourceAssessor
Exterior for 19287 US Highway 18
Building Area Total7200.0
Crops Included Y/NNo
Horse Amenities RidingTrail
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre, BackYard, DesertFront
Lot Size Acres0.6101
Lot Size Area26574.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, GarageFacesFront
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,400,000
MLS#IV25120270
List Date
05/29/2025
Property Type
Multi-Family
Phone
(949) 290-7647
