- 2 Beds
- 1 Bath
- .61 Acres
- 58 DOM
19287 Us Highway 18
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.
Essential Information
- MLS® #IV25120270
- Price$1,400,000
- Bedrooms2
- Bathrooms1.00
- Acres0.61
- Year Built1979
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address19287 Us Highway 18
- AreaAPPV - Apple Valley
- CityApple Valley
- CountySan Bernardino
- Zip Code92307
Amenities
- Parking Spaces8
- ParkingDriveway, Garage Faces Front
- # of Garages8
- GaragesDriveway, Garage Faces Front
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior
- InteriorVinyl
- HeatingCentral, Fireplace(s)
- CoolingCentral Air
- FireplaceYes
- FireplacesLiving Room
- # of Stories1
- StoriesOne
Appliances
Gas Cooktop, Disposal, Gas Oven
Exterior
Lot Description
SixToTenUnitsAcre, Back Yard, Desert Front
Additional Information
- Date ListedMay 1st, 2025
- Days on Market58
Listing Details
- AgentAlbert Le
- OfficeLE INVESTMENT GROUP
Albert Le, LE INVESTMENT GROUP.
Based on information from California Regional Multiple Listing Service, Inc. as of July 26th, 2025 at 12:56am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.