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Listed by Carlos Ascencio, DRE #01324790 • Real Brokerage Technologies
$ 1,200,000
Est. payment | /mo
0.43 Acres Lot
$ 1,200,000
Est. payment | /mo
0.43 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26167418
Year Built 1977
Lot Size 0.430 Acres
Source California Regional MLS
Property Description
Investment Opportunity: 9140 E Avenue, Hesperia, CA Seven-unit multifamily investment offering immediate cash flow with clear upside. Each of the seven units features a 2-bedroom, 1-bathroom layout, and all units have been fully remodeled and are 100% leased - delivering stabilized income from day one. Currently producing a 7.69% cap rate, this asset offers significant upside potential: bringing rents to market value would push the cap rate to 8.64%, making this a compelling value-add opportunity for investors seeking strong in-place returns with room to grow. Ideally located in Hesperia within the High Desert submarket, this turnkey property is well-suited for both 1031 exchange buyers and investors looking to add a low-maintenance, cash-flowing asset to their portfolio. With recent renovations already completed, ownership can step in without deferred maintenance concerns and simply execute a rent growth strategy to capture additional yield. Highlights: * 7 units, all 2BR/1BA * Fully remodeled, 100% occupied * 7.69% current cap rate / 8.64% pro forma at market rents * Turnkey - renovations complete, minimal capex needed * Strong upside through organic rent growth
Location
State CA
County San Bernardino
Area Hsp - Hesperia
Rooms
Kitchen Dishwasher, Oven Range - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area
Exterior
Parking Features Other
Garage Spaces 14.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 0410172450000
Special Listing Condition Not Applicable
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