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.
|
DAYS ON MARKET
|
50
|
LAST UPDATED
|
5/30/2025
|
|
YEAR BUILT
|
1979
|
COMMUNITY
|
APPV - Apple Valley
|
|
GARAGE SPACES
|
8.0
|
COUNTY
|
San Bernardino
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Disposal, Gas Cooktop, Gas Oven |
| AREA |
APPV - Apple Valley |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Central, Fireplace(s) |
| LOT |
0.6101 acre(s) |
| LOT DESCRIPTION |
Back Yard, Desert Front |
| PARKING |
Driveway, Garage Faces Front |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| UTILITIES |
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER |
Public |
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Listed with LE INVESTMENT GROUP
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/20/25 3:23 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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