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
Details
| MLS # | PW26167418 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 25 |
| Listing Provided By | Real Brokerage Technologies | Carlos Ascencio |
Features
| SQ Feet | 5,876 |
|---|---|
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 2 |
| Acreage | 0.43 |
| Property View | None |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Appliances | Dishwasher, Electric Range |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Near Park |
|---|---|
| Fencing | Chain Link |
Parking
| Parking Features | Asphalt |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Hesperia |
| Zip Code | 92345 |
| Area | HSP Hesperia |
| Listing VS Median (in 92345) | |
Price: $1,200,000 low | high Med: $475,000 sqft: 5,876 low | high Med: 2,219 $ / sqft: $204 low | high Med: $220 On site: 25 low | high Med: 169 | |
Market Activity 92345
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Hesperia |
| Zip Code | 92345 |
| Area | HSP Hesperia |
| Listing VS Median (in 92345) | |
Price: $1,200,000 low | high Med: $475,000 sqft: 5,876 low | high Med: 2,219 $ / sqft: $204 low | high Med: $220 On site: 25 low | high Med: 169 | |