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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 Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV25120270
Sold Date 08/28/25
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
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
Community Horse Trails
Zoning Assessor
Direction Located on outter Highway 18, frontage.
Interior
Heating Fireplace
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 0473042170000
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Bought with ALBERT LE LE INVESTMENT GROUP