Bought with ALBERT LE • LE INVESTMENT GROUP
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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 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
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