Apple Valley, CA 92307,19287 US Highway 18
Listed by ALBERT LE • LE INVESTMENT GROUP
Bought with ALBERT LE • LE INVESTMENT GROUP
$1,275,000
$1,400,000
8.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

7,200 SqFt

19287 US Highway 18 Apple Valley, CA 92307

Est. payment /mo
SOLD DATE : 08/28/2025

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,275,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $177

MLS Listing ID CRIV25120270

Year Built 1979

Lot Size 0.610 Acres

Property Sub-Type Other

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

Interior

Heating Other

Cooling Central Air

Flooring Vinyl

Laundry Common Area

Building

Lot Description Other, Back Yard

Read Less


Bay East Association of Realtors

GET MORE INFORMATION

Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

Name
Phone*
Message