- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1979 build
- – on site
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.
Last checked:
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Last updated May 30, 2025
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MLS# IV25120270 —
The Building
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Year Built:1979
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7200.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:1
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Levels:One
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Entry Location:1
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Flooring:Vinyl
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Community
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Laundry:1
Location
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Directions:Located on outter Highway 18, frontage.
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Latitude:34.53618500
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Longitude:-117.24310200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:6-10 Units/Acre, Back Yard, Desert Front
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Lot Size Area:26574.0000
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Lot Size Acres:0.6101
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Lot Size SqFt:26574.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:97.22
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Tax Tract:3382
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Tax Lot:25
The Listing
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Special Listing Conditions:Standard
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Parcel Number:0473042170000
Heating & Cooling
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Heating:1
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Heating:Central, Fireplace(s)
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Disposal, Gas Oven, Gas Cooktop
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Included:Yes
The Community
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Features:Biking, Hiking, Horse Trails
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Driveway - Combination, Garage Faces Front
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Parking Spaces:8.00
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Garage Spaces:8.00
Extra Units
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Average 2 Bed Area:900
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/29/25
May 29, 2025
|
Listed / Active | CRMLS_CA | $1,400,000 |