12446 18th St 19 Unit Apartment Building $8,995,000 ($473,421/Unit) 5.25% Cap Rate Yucaipa, CA 92399

Marcus & Millichap is pleased to present for sale 12446 18th Street, Yucaipa, California, a 19-unit vacant multifamily community consisting of all two-bedroom, two and a half-bathroom townhomestyle apartment units. Constructed in 2026, this offering represents a rare opportunity to acquire a newly constructed asset in one of the Inland Empire’s most active, developing submarkets.
The Yucaipa Townhomes are all-electric and built to the same standard, offering a cohesive, institutional-quality product that commands premium rents while minimizing near-term capital expenditure risk. The two-story layout features an open main level with kitchen, dining, living area, powder room, and direct two-car garage access, complemented by two private en-suite bedrooms upstairs, one bedroom with a walk-in closet. The units are individually metered for electricity and
have individual hot water heaters. The result is a highly livable, two-bedroom, two-and a halfbathroom floor plans (1,090 S.F. each) that appeals to a broad renter demographic, from working couples and young families to dual-income households seeking the feel of a single-family home at a multifamily price point. Each unit also features a large private backyard with a patio cover that is a rare offering among comparable Yucaipa multifamily products.
Unit finishes are thoughtfully appointed throughout: quartz countertops, white oak-style plank flooring, shaker cabinets, recessed lighting, and cathedral ceilings. Each kitchen includes a dishwasher, refrigerator, and electric stove/oven, and each unit has its own individual hot water heater located in the garage. Every unit includes a direct two-car attached garage with an electric garage door opener and a 220V dryer outlet, a 200-amp electrical panel, central air conditioning and heat, and in-unit washer/dryer hookups. The community is secured with a code-access entry gate at the front entrance and a side exit gate, and features centralized mailboxes, low-maintenance landscaping, and an outdoor picnic area with artificial turf.