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19087 Allegheny Rd
Apple Valley, CA 92307

$3,300,000 USD

Apartments For Sale • 31,672 SF

Property Details

Property Type Apartments
Total Building Size 17,360 SF
Lot Size 1.4 AC
Building Class C
Year Built 1987
Cap Rate 5.58 %
Zoning R2, Apple Valley

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                Rare Condo-Style Single-Story Asset: Features a desirable composition of 16 two-bedroom/two-bathroom single-story flats 
                            
                                Compelling 26% Rental Upside: Income-producing investment boasting a strong 5.58% entry CAP rate with a clear path to a 7.75% pro forma yield
                            
                                Extensive Recent Capital Improvements: Ownership has recently invested in a resurfaced parking lot, redone decks and railings
                            
                                Premium In-Unit Amenities: Units feature open-beam ceilings, brick fireplaces, central A/C, and interior laundry hookups
                            
                                Superior Parking and Storage: Every unit includes a detached garage and two large private patios, providing significantly more utility
                            
                                Strategic Proximity to Major Medical Hubs: Located just 1.4 miles (3 minutes) from St. Mary Medical Center

Financial Summary (Actual)

Net Operating Income: $184,092 USD (2025)

Cap Rate:	5.58 %
Total Expenses:	$93,388 USD

Amenities

Air Conditioning
Balcony
Fireplace

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	3.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

19087 Allegheny Rd Apple Valley, CA 92307