19287 Highway 18 - Apartments FOR SALE
Apple Valley, CA 92307 |
$1,400,000 USD
714-423-3819
19287 Highway 18
Apple Valley, CA 92307
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.
- Priced below comps at just $175K per unit and $195/SF — well under market averages.
- 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.
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$1,400,000 USD
PRICE/SF
$194 USD /SF
# OF UNITS
8
PRICE/UNIT
$175,000
CAP RATE
7.25%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Knowls
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,596 SF
ZONING
Multi-Family
APN/PARCEL ID
0473-042-17
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
714-423-3819
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
714-423-3819
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
