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19287 US Highway 18 Apple Valley, CA 92307
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Key Details
Sold Price $1,275,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV25120270
Sold Date 08/28/25
HOA Y/N No
Year Built 1979
Lot Size 0.610 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Heating Central, Fireplace(s)
Cooling Central Air
Flooring Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Gas Cooktop, Disposal, Gas Oven
Laundry Common Area
Exterior
Parking Features Driveway, Garage Faces Front
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Hiking, Horse Trails
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre, Back Yard, Desert Front
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0473042170000
Energy Description 2735.0
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to Loan,Cash to New Loan,Cash to Second Loan,Contract
Special Listing Condition Standard
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Bought with ALBERT LE LE INVESTMENT GROUP
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