Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

18

Building size

15,732 sqft

Lot size

60,548 sqft

Year built

1986

Stories

2

Garage spaces

18

Heating

Central

Cooling

Wall/Window Unit(s)

Pool

None

View

Desert,Mountain(s),Rocks

Status

Active

Days on market

176

MLS #

236724996

About this property

Rarely available 18-unit multifamily investment in Apple Valley’s highly desirable Desert Knolls submarket, offering strong cash flow, excellent occupancy, and easy leasing demand. Composed of all spacious 2-bed/1-bath units (~874 sq. ft. each), this gated community stands out with separate gas and electric meters, individual hot water heaters, and A/C & central heating. Situated on an oversized 60,548 sq. ft. (1.39+ acre) lot with mountain views and great curb appeal, the property includes four separate two-story buildings, garage parking plus additional open spaces, and wrought-iron gated entry. On-site laundry adds ancillary income potential. Recent capital improvements have been completed on 16 of the 18 units, including updated kitchens and bathrooms and laminated wood flooring, allowing the property to command premium rents. These upgrades position the asset for long-term stability with less maintenance. Located near St. Mary’s Hospital, schools, shopping, and close to freeways. This is a good opportunity for investors.

Location

17802 Quantico

Apple Valley, San Bernardino, CA, 92307