Description
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.
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0BEDS
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1.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-06T00:29:23.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.