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19287 Highway 18
Apple Valley, CA 92307

Price Upon Request

Apartments For Sale  •  7,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,200 SF
  • Lot Size 0.59 AC
  • Building Class C
  • Year Built 1979
  • Zoning Multi-Family
24 Transit Score
39 Walk Score

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.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fireplace
  • Laundry Facilities
  • Storage Space
  • Heating
  • Range
  • Yard
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Victorville Amtrak (Southwest Chief - Amtrak) 7 min - 3.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: OneCarGarage
Included in Rent: Yes