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$ 3,499,000
Est. payment | /mo
2 Beds
1.39 Acres Lot
$ 3,499,000
Est. payment | /mo
2 Beds
1.39 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25280375
Bedrooms 2
Lot Size 1.390 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Rarely available 18-unit multifamily investment in Apple Valleys 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. Marys Hospital, schools, shopping, and close to freeways. This is a good opportunity for investors.
Location
State CA
County San Bernardino
Zoning Assessor
Direction Cross Streets: Hwy 18 & Potomac
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0473153220000
Acceptable Financing Cash
Listing Terms Cash
Listed by Anne Yang RELIABLE R.E., INC.