$3,499,000
About this home
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.
Facts & features
- Interior features
- Living Room Deck Attached
- Appliances
- Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Water Heater
- Flooring
- Carpet, Laminate
- Fireplace
- Kitchen, Living Room
- Heating
- Central
- Cooling
- Wall Window Units
- Laundry
- Common Area
- Levels
- Two
- Spa
- None
- Lot size
- 1.39 acres (60,548 sq ft)
- Pool
- None
- View
- Desert, Mountains, Rocks
- Year built
- 1986
- Parking
- Assigned, Covered, Garage
- Parking spaces
- 36
- Area
- APPV - Apple Valley
- County
- San Bernardino
- Community features
- Curbs, Suburban, Valley
- Status
- Active
- Property type
- Apartment
- Days on market
- 176
- Listed
- 2025-12-25
- Terms
- Cash, Cash To New Loan
- Parcel #
- 0473153220000
- MLS #
- CV25280375
