This offering consists of 5 units in Apple Valley. This neighborhood is high pride of ownership consisting of SFR's and multifamily. This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need. Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!! These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio. All units have their own gas & electric meters that the tenants sign up & pay for. All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated. Roof is in great shape with a 30 year warranty, and only 10 years old!! Cash flow is excellent. At actual rents, it's putting out $5,885 monthly gross rent, and $70,620 annual gross rent. Equating to a rarely seen 9.90 Gross Rent Multiplier. Net Operating Income equates to $55,203 annually which gives us an outstanding 7.90% Cap Rate at actuals rents!! Rents are below market but are month to month. While this offering performs better on actual rents than any other multifamily in the Upper Desert, the returns go off the charts at market rents. At market rents, based on nearby rent comps, this complex can put out $7,800 monthly and $93,600 annually!! TO VIEW THIS INFORMATION, INCLUDING RENT COMPS PLUS ACUTAL & MARKET RENT ROLL, PLEASE SEE SUPPLEMENTS ATTACHED AT THE TOP OF THIS MLS LISTING!!! THIS IS THE BEST PERFORMING MULTIFAMILY IN THE UPPER DESERT!!!
Triplex all units are one bedroom one bath. 3 car garage in separate building.
Tenant filled 4 plex. Excellent income opportunity. long term tenants. New roof on 2 units. 2 units rehabbed in the last year. Large clean corner lot. Each unit has attached garage with washer/dryer hookup. Each unit has front patio and rear patio. Each patio is fenced in. Currently under property management. The Property has been maintained and landscaped by licensed contractors. This is a no pet property.
20285 Serrano, Apple Valley — **4-Unit Investor Opportunity Updated 2BD/2BA Units + Private Garages** Don’t miss this **great 4-unit investment opportunity** in Apple Valley with **fair market rents already in place** and recent improvements that make this property truly rent-ready. **All four units are spacious 2-bedroom, 2-bath layouts**, and **each unit includes its own private garage**—a major tenant perk that supports strong demand and long-term retention. The units have been **freshly painted and updated with new flooring**, offering a clean, modern feel and helping minimize upfront maintenance for the next owner. Utility responsibilities are set up with investors in mind: **owner pays water and trash**, while **tenants pay electricity and gas**, keeping expenses more predictable while still passing through key utilities. A solid addition to any portfolio—ideal for buy-and-hold investors seeking stable income today with the potential to optimize performance over time.
Great opportunity for investor looking for a property with some meat on the bones. Handyman special with some clean up to catch up with the 25% increase to market rents and capture the upside. Priced to sell with a quick close. Bring all offers!
BEAUTIFUL TRIPLEX WITH POTENTIAL 1 UNIT DELIVERED VACANT FOR OWNER OCCUPIED. 3 CARPORTS, EXCELLENT OPPORTUNITY. PLEASE DO NOT DISTURB THE TENANTS. DRIVE BY ONLY, ONE TENANT IN PROCESS OF MOVING OUT.
We are pleased to present the exclusive investment opportunity for Allegheny Arms Apartments, a 16-unit multifamily community located in the high-growth market of Apple Valley. Located at 19087 Allegheny Road, Apple Valley, CA, this well-located asset sits just a block off Highway 18, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like St. Mary Medical Center, Desert Mountain Plaza, and Apple Valley Center, all within a short drive. The property’s proximity to Highway 18 allows for direct connection to other major cities within San Bernardino County and is conveniently located on the way to Las Vegas. Furthermore, the community is within a short driving distance of national retailers like Costco in Victorville and a variety of local shops and restaurants. Allegheny Arms Apartments represents a rare multifamily asset in the market, consisting of 16 single-story condo-style units spanning a generous ±60,767 SF lot size with a ±17,360 SF building size. Built in 1987, the property features a uniform unit mix of sixteen 2-bedroom/2-bathroom single-story flats, averaging approximately 1,085 SF per unit. The community features low-maintenance, drought-resistant landscaping complemented by lush, mature greenery and a tranquil outdoor seating area, offering a serene environment designed to reduce overhead while maintaining high tenant retention. The architecture is defined by open-beam ceilings and brick fireplaces, creating a spacious and inviting interior feel. Interior features are equally impressive, boasting detached garages, two large private patios per unit, and in-suite laundry connections. The investment profile is further enhanced by recent infrastructure updates, including a resurfaced parking lot, redone decks and railings, and a completely relandscaped front exterior. Additional in-unit comforts include central air and heating, dishwashers, and breakfast bars. This stable, well-maintained unit base provides immediate income security and remains a highly attractive offering for residents seeking quality, single-story housing in a convenient, well-established location. Whether for a first-time purchaser, a seasoned institutional investor, or a 1031 exchange buyer, Allegheny Arms Apartments offers long-term stability and an exceptional foothold in the thriving San Bernardino County submarket.
8 3 bedrooms and 1.5 bathrooms Townhome Style Units with a 2 Car Detached Garage that leads into a courtyard area and into apartment. 5.75% CAP RATE based upon ACTUAL CURRENT RENTS and upside in rents. All units have been rehabbed except for two, interior Washer and Dryer hook ups, 2 car detached garage, Recent upgrades: Asphalt recently re blacked topped, 4 brand new AC units installed, NO Deferred Maintenance. Owner Managed with over 40 years of experience so property well taken care of.
Rare Opportunity to Own a Fully Rented 4-Unit Property Situated on Approximately Half an Acre in an Ideal Location. Properties like this do not come up often, making this a standout investment opportunity in today’s market. All Units Are Currently Rented, offering strong income potential. Each Unit Features a Functional Layout along with Single-Car Garage Parking, providing added convenience and appeal for tenants. Each unit is approximately 952 square feet and offers 2 bedrooms and 2 bathrooms. The expansive lot sets this property apart from others in the area, offering additional space and long-term potential. This Well-Maintained Property has seen Recent Upgrades, including Exterior Paint completed approximately 2 years ago, Updated Stairs, and Units that have been improved and are in Good Condition throughout. All Units Feature Their Own Laundry, adding everyday convenience, while the Two Upstairs Units offer Fireplaces for added comfort and appeal. Comparable multi-unit properties in the area continue to be in high demand, making this the type of asset investors are actively seeking. Conveniently located near Shopping, Schools, and major commuter routes, this property offers excellent accessibility and rental appeal. A Strong Opportunity to acquire a Well-Kept, Income-Producing 4-Plex in a desirable and growing market.
3 2 bedrooms Fireplace in Living Room, Dining Area in Kitchen 1/2 Bath Hallway, Jack & Jill bath with tub shower & toilet between Bedrooms., each bedroom has a vanity sink & mirror, Laundry hookups in Kitchen. Garage is over sized
Excellent investment opportunity in the path of commercial development. Just off Bear Valley Road in Apple Valley, CA. Secure this income generator while proceeding with the entitlement process for a commercial development or buy it as investment property.
Six unit Townhome style Apartment. Each unit features 2 Bedroom & 2.5 Bathrooms spacious 1452 SF with inside laundry hook-up plus central air and 2 Car Garage. Well maintained and taken care of. Pride of Ownership! Wonderful VIEW of Valley.
Fantastic investment opportunity! This modern, energy efficient triplex was built to California Title 24 standards and is designed to keep utility costs low while supporting long term tenant satisfaction. Each unit features its own solar panels, an attached garage with an EV ready charging outlet, all electric appliances, and individual water meters—helping minimize operating expenses for the owner. Units A and B offer approximately 1,400 sq ft each, with 3 bedrooms, 3 bathrooms, in unit laundry, and direct access to an attached 2 car garage. Unit C provides approximately 1,300 sq ft with a similar 3 bedroom, 3 bathroom layout and two individually assigned garage spaces attached to the building. All units enjoy a private patio with roughly 800 sq ft of finished concrete, plus curbs, gutters, and professional landscaping with sprinklers. The property is fully enclosed with a block wall, and common areas are equipped with security cameras for added peace of mind. Inside, each unit is finished with durable 20mm LVT luxury vinyl flooring throughout—ideal for reducing maintenance and turnover costs. With strong rental appeal, modern amenities, and energy efficient construction, this triplex offers stable income potential and long term appreciation. A standout addition to any investment portfolio.
Josma Apartments is a well-maintained 6-unit multifamily property situated on 1.3 acres in the heart of Apple Valley. The community offers a mix of efficient systems, including three units equipped with ductless mini-split HVAC and three units utilizing propane. Electricity is direct-metered and paid by the tenants, while the owner covers water, sewer, and trash services. The property is fully occupied and benefits from its proximity to the Apple Valley Airport, major freeways, and established transit routes, providing residents with convenient access to surrounding amenities. This stable asset offers strong rental demand, reliable occupancy, and long-term investment potential in a growing High Desert market.
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.
Hwy 18 turn right to Kiowa Rd to Ottawa Rd. turn right to Mohawk Rd. 4-Plex in Apple Valley. Why build when you can buy for less? constructing a similar 4-plex would cost significantly more in materials, labor and time. Recent updates to this property add exceptional value making it a smart investment choice. One unit has 2 bedrooms, 2 units with 1 bedroom and one studio. 3 units have separate gas and electric meters and the studio shares meters with the laundry room is equipped with coin operated machine.
Price Improvement!!!!! Location, Location, Location. Opportunity for Commercial Development. This property is zoned general commercial. Approximately 56.72 acres with over 1/2 mile frontage on Bear Valley Road along with sewer. This property has a well and comes with 13 acre ft of water rights. Close to new development. Three income producing rentals on property, House 1 - 2 bedrooms and 2 baths approximately 600 sf, House 2 - 2 bedrooms and 2 bath approximately 1,200 sf, house 3 - 4 bedroom and 2 full baths approximately 3,000 sf. Sprouts had its grand opening. Coming soon within in minutes from this property is Hobby Lobby, Marshals, Raising Canes, 5 Below and more. Bear Valley Road is the way to Johnson Valley where there is the yearly King of The Hammer and lots of off road events all year. Within a 15 minute drive time, Bright Line West Train on Dale Evans and the I-15.
Apple Valley is located in California. Apple Valley, California has a population of 75,311. Apple Valley is less family-centric than the surrounding county with 32.58% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Apple Valley, California is $61,758. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Apple Valley is 36.8 years.
The average high temperature in July is 98.3 degrees, with an average low temperature in January of 32.8 degrees. The average rainfall is approximately 14 inches per year, with 0.4 inches of snow per year.
