Log In/Sign Up
Your email has been sent.
Grube Hesperia Inn 17990 Bangor Ave 33 Unit Apartment Building $2,275,000 ($68,939/Unit) Hesperia, CA 92345
Investment Highlights
- 33 Units on 1.53 Acres (Includes Adjacent Vacant Parcel) – Rare opportunity with additional development potential
- Significant Rental Upside (~40%–50%) – Studios currently ~$700–800 with market support for ~$1,000–1,100
- Value-Add Opportunity Through Rent Growth + Utility Optimization – High utility expenses (approx. 37% of income) create room to improve operations
- Unit Mix: 31 Studios + 2 Two-Bedroom Units – Functional layout with strong rental demand drivers
- Attractive Basis (~$69K/Unit) – Competitive entry point for a 33-unit asset in the High Desert
Executive Summary
Martinez & Associates, Inc. is pleased to present the opportunity to acquire Grube Hesperia Inn, a multifamily investment offering consisting of a 33-unit apartment community and an adjacent vacant parcel, sold together, in Hesperia, California.
The offering includes a 33-unit property situated on approximately 1.11 acres, along with a contiguous 0.42-acre vacant parcel, for a combined site area of approximately 1.53 acres. Built in 1970, the apartment community is comprised of 31 studio units and 2 two-bedroom, one-bathroom units with bonus rooms and is 100% occupied, reflecting stable in-place tenancy. The property is fully serviced by city utilities and is located near Hesperia Golf & Country Club, contributing to the area’s overall appeal.
The adjacent vacant parcel provides potential value-add or development optionality, subject to buyer due diligence and applicable approvals, allowing investors to acquire both stabilized cash flow and future upside within a single transaction. The efficient unit mix supports consistent rental demand in a steadily growing San Bernardino County submarket, making the asset well-suited for a long-term hold or phased value-add strategy.
The offering includes a 33-unit property situated on approximately 1.11 acres, along with a contiguous 0.42-acre vacant parcel, for a combined site area of approximately 1.53 acres. Built in 1970, the apartment community is comprised of 31 studio units and 2 two-bedroom, one-bathroom units with bonus rooms and is 100% occupied, reflecting stable in-place tenancy. The property is fully serviced by city utilities and is located near Hesperia Golf & Country Club, contributing to the area’s overall appeal.
The adjacent vacant parcel provides potential value-add or development optionality, subject to buyer due diligence and applicable approvals, allowing investors to acquire both stabilized cash flow and future upside within a single transaction. The efficient unit mix supports consistent rental demand in a steadily growing San Bernardino County submarket, making the asset well-suited for a long-term hold or phased value-add strategy.
Property Facts
| Price | $2,275,000 | Building Class | C |
| Price Per Unit | $68,939 | Lot Size | 1.53 AC |
| Sale Type | Investment | Building Size | 26,118 SF |
| No. Units | 33 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | ||
| Zoning | LAM2 | ||
| Price | $2,275,000 |
| Price Per Unit | $68,939 |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 26,118 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | LAM2 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | - | - |
| 2+1 | 2 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0398-262-29 | Improvements Assessment | $1,171,468 |
| Land Assessment | $214,770 | Total Assessment | $1,386,238 |
Property Taxes
Parcel Number
0398-262-29
Land Assessment
$214,770
Improvements Assessment
$1,171,468
Total Assessment
$1,386,238
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Grube Hesperia Inn | 17990 Bangor Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.