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.
15,732 Sq Ft
1.39 Private Acres Lot Size
apartment
Built in 1986
MLS/Listing ID CV25280375
2 Stories
18 Units
Dishwasher
Gas Cooktop
Gas Oven
Gas Range
Water Heater
Carpet
Laminate
Common Area
Living Room Deck Attached
Lot - Yard
Lot - Front Yard
Lot - Backyard
Parking - Garage
Parking - Covered
Parking - Assigned
Rocks View
Mountains View
Desert View
Public Sewer
Public Water
Community - Valley
Community - Suburban
Community - Curbs
Cooling - Wall/window unit(s)
Wrought-iron
Chain-link
Block
Living Room Fireplace
Kitchen Fireplace
TOTAL MONTHLY COST
$0
$0
$0