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.
Sold for $1,275,000
Listed by: LE INVESTMENT GROUP • ALBERT LE • Contact: 909-256-7889
Bought with: LE INVESTMENT GROUP
$1,275,000
19287 Us Highway 18, Apple Valley, CA 92307
16beds
8baths
7,200sqft
Multi Family
Built in 1979
-- sqft lot
$1,254,800 Zestimate®
$177/sqft
$1,651 Estimated rent
Home value
$1,254,800
$1.13M - $1.39M
$1,651/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
ALBERT LE DRE #01468313 909-256-7889,
LE INVESTMENT GROUP
Bought with:
ALBERT LE, DRE #01468313
LE INVESTMENT GROUP
Source: CRMLS,MLS#: IV25120270
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Disposal, Gas Oven
- Laundry: Common Area
Features
- Flooring: Vinyl
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Garage Faces Front
- Garage spaces: 8
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.61 Acres
- Features: 6-10 Units/Acre, Back Yard, Desert Front
Details
- Parcel number: 0473042170000
- Special conditions: Standard
- Horse amenities: Riding Trail
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Hiking, Horse Trails
Location
- Region: Apple Valley
Financial & listing details
- Price per square foot: $177/sqft
- Date on market: 5/29/2025
- Cumulative days on market: 64 days
- Listing terms: Submit
- Total actual rent: 10930
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $1,275,000-8.9%$177/sqft |
Source:  CRMLS #IV25120270 Report a problem | ||
| 5/29/2025 | Listed for sale | $1,400,000+84.5%$194/sqft |
Source: CRMLS #IV25120270 Report a problem | ||
| 8/25/2018 | Listing removed | $758,888$105/sqft |
Source: AMERICAN CREDIT MORTGAGE, INC. #CV18123303 Report a problem | ||
| 7/12/2018 | Pending sale | $758,888$105/sqft |
Source: AMERICAN CREDIT MORTGAGE, INC. #CV18123303 Report a problem | ||
| 5/25/2018 | Listed for sale | $758,888$105/sqft |
Source: AMERICAN CREDIT MORTGAGE, INC. #CV18123303 Report a problem | ||
| 4/15/2014 | Listing removed | $700 |
Source: Postlets Report a problem | ||
| 4/8/2014 | Listed for rent | $700 |
Source: Postlets Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92307
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Nearby schools
GreatSchools rating
- 5/10Desert Knolls Elementary SchoolGrades: K-6Distance: 1.5 mi
- 1/10Phoenix AcademyGrades: K-8Distance: 1.6 mi
- 4/10Granite Hills High SchoolGrades: 9-12Distance: 4.7 mi
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Estimated market value
$1,254,800
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Estimated market value
$1,254,800
- California
- San Bernardino County
- Apple Valley
- 92307
- 19287 Us Highway 18
Nearby cities
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