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Sold$1,275,000on Aug 28, 2025
19287 Us Highway 18, Apple Valley, CA 92307
LE INVESTMENT GROUP
2Beds
1Baths
119Days Listed
1Lot Sq Ft
About This Property
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.
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 2
- Bathrooms
- 1
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Sold
- Days on Market
- 119
- Cumulative Days on Market
- 92
- Original Price
- $1,400,000
Location & Neighborhood
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Apple Valley Market Snapshot
906
Active Listings
$250K
Median Price
189
Avg Days on Market
Last updated: Sep 3, 2025
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ALBERT LE, LE INVESTMENT GROUP · 909-256-7889
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.
$1,400,000