19287 Highway 18 | Apple Valley, CA 92307
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- LoopNet Team
19287 Highway 18
Apple Valley, CA 92307
The Knowls · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Attractive in-place 6.29% CAP rate and 10.67 GRM, plus upside to a 7.25% ProForma CAP rate and 8.84 GRM
- Priced below comps at just $175K per unit and $195/SF — well under market averages.
- Large 0.61 acres lot. Onsite laundry and private garages for each unit — added income, value, and tenant convenience.
- Attractive 6.00% interest rate with 60.20% LTV — strong leverage with conservative risk.
- All large 2-bed layouts in single-story construction — ideal for tenant retention, rental demand, and low operating costs.
- Easy to manage – current owner is remote, offering efficiency potential for local management.
Property Facts
| No. Units | 8 | Lot Size | 0.59 AC |
| Property Type | Multifamily | Building Size | 7,200 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Zoning | Multi-Family - Multi-Family | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 7,200 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | Multi-Family - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Heating
- Range
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,472 | 900 |
Property Taxes
| Parcel Number | 0473-042-17 | Improvements Assessment | $784,085 |
| Land Assessment | $55,776 | Total Assessment | $839,861 |
Property Taxes
Parcel Number
0473-042-17
Land Assessment
$55,776
Improvements Assessment
$784,085
Total Assessment
$839,861
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