17990 Bangor Ave - Apartments FOR SALE


Hesperia, CA 92345
$2,275,000 USD
626-664-1341
17990 Bangor Ave, Hesperia, CA for Sale
$2,275,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

17990 Bangor Ave
Hesperia, CA 92345


HIGHLIGHTS

  • 33 Units on 1.53 Acres (Includes Adjacent Vacant Parcel) – Rare opportunity with additional development potential
  • Unit Mix: 31 Studios + 2 Two-Bedroom Units – Functional layout with strong rental demand drivers
  • Significant Rental Upside (~40%–50%) – Studios currently ~$700–800 with market support for ~$1,000–1,100
  • Attractive Basis (~$69K/Unit) – Competitive entry point for a 33-unit asset in the High Desert
  • Value-Add Opportunity Through Rent Growth + Utility Optimization – High utility expenses (approx. 37% of income) create room to improve operations

OVERVIEW

Martinez & Associates, Inc. is pleased to present the opportunity to acquire Grube Hesperia Inn, a multifamily investment offering consisting of a 33-unit apartment community and an adjacent vacant parcel, sold together, in Hesperia, California. The offering includes a 33-unit property situated on approximately 1.11 acres, along with a contiguous 0.42-acre vacant parcel, for a combined site area of approximately 1.53 acres. Built in 1970, the apartment community is comprised of 31 studio units and 2 two-bedroom, one-bathroom units with bonus rooms and is 100% occupied, reflecting stable in-place tenancy. The property is fully serviced by city utilities and is located near Hesperia Golf & Country Club, contributing to the area’s overall appeal. The adjacent vacant parcel provides potential value-add or development optionality, subject to buyer due diligence and applicable approvals, allowing investors to acquire both stabilized cash flow and future upside within a single transaction. The efficient unit mix supports consistent rental demand in a steadily growing San Bernardino County submarket, making the asset well-suited for a long-term hold or phased value-add strategy.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

33

PRICE/UNIT

$68,939

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grube Hesperia Inn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

LAM2

APN/PARCEL ID

0398-262-22,0398-262-29

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.