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.
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.
Property Details
Price:
$1,400,000
MLS #:
IV25120270
Status:
Active
Baths:
0
Address:
19287 US Highway 18
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
appvapplevalley
City:
Apple Valley
Listed Date:
May 1, 2025
State:
CA
ZIP:
92307
Lot Size:
26,574 sqft / 0.61 acres (approx)
Year Built:
1979
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Disposal, Gas Oven, Gas Cooktop
Cooling
Central Air
Fireplace Features
Living Room
Flooring
Vinyl
Heating
Central, Fireplace(s)
Exterior
Community Features
Biking, Hiking, Horse Trails
Garage Spaces
8.00
Lot Features
6-10 Units/ Acre, Back Yard, Desert Front
Parking Features
Driveway – Combination, Garage Faces Front
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address19287 US Highway 18 Apple Valley CA
- AreaAPPV – Apple Valley
- CityApple Valley
- CountySan Bernardino
- Zip Code92307
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Courtesy of LE INVESTMENT GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.19287 US Highway 18
Apple Valley, CA
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