Home | San Bernardino County | Hesperia | 92345 | 17450 Sequoia
MLS: CRIG26223512 | Status: | Price: $2,200,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 43,560 | 1985 |
Extremely well-maintained 14-unit apartment community in a sought-after Hesperia neighborhood, featuring a uniform mix of 2 bed, 1 bath units. Recent improvements include new exterior paint and new landscaping, and the asphalt and roofing are well maintained. Amenities include a pool, covered parking for every unit, low-maintenance desert landscaping, and an on-site laundry room. The property offers a clear value-add opportunity. Comparable nearby leases support market rents of approximately $1,600 for 2 bed, 1 bath units. Current average rent at $1,140 per unit. Total current gross revenue of approximately $191,520 with a pro forma annual gross rent of $268,800. Offered at a ~7.3% cap rate and a pro forma cap rate of ~10.8%. Bonus revenue potential: The common-area laundry room is ready for new coin-operated machines, which local operators can install and service on a revenue-share basis. One tenant currently receives a rent discount for on-site management, giving a new owner flexibility in how the property is run. The property is close to major employers, including Victor Valley College, Desert Valley Hospital, and Southern California Edison’s regional offices. It is within one mile of seven shopping centers anchored by Vons, ALDI, WinCo Foods, Grocery Outlet, Stater Bros., Tar
| Field | Value |
|---|---|
| MLS # | CRIG26223512 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
David Friedman
REALICORE
License #: 01909018
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Endeavour School Of Exploration | public | K-6 | 0.64 mi | 7 |
| Lakeview Leadership Academy | public | 7-12 | 0.84 mi | 3 |
| Academy Performing Preschool | public | UG | 0.93 mi | N/A |
| Brentwood Elementary School | public | K-6 | 0.93 mi | 1 |
| Park View Elementary School | public | K-6 | 0.93 mi | 2 |
| Village Elementary School | public | K-6 | 0.93 mi | 2 |
| Lomitas Elementary School | public | K-6 | 0.97 mi | 3 |
| Mojave Vista Elementary School | public | K-6 | 1.80 mi | 2 |
| Mojave High School | public | 9-12 | 2.02 mi | 1 |
| Hesperia Community Day School | public | 7-12 | 2.05 mi | 2 |
| Hesperia Adult | public | UG | 2.06 mi | N/A |
| Eucalyptus Elementary School | public | K-6 | 2.29 mi | 2 |
| Green Tree East Elementary School | public | K-6 | 2.56 mi | 3 |
| Galileo Academy 101 | public | K-6 | 2.62 mi | 8 |
| Rio Vista Elementary School | public | K-6 | 2.69 mi | 4 |
| Sitting Bull Academy | public | K-8 | 2.78 mi | 4 |
| Joshua Circle Elementary School | public | K-6 | 3.08 mi | 3 |
| Cypress School Of The Arts | public | K-6 | 3.17 mi | 3 |
| Juniper Elementary School | public | K-6 | 3.27 mi | 2 |
| Hesperia Junior High School | public | 7-8 | 3.28 mi | 2 |
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This listing information is up-to-date as of October 15, 2026. For the most current information, please contact David Friedman.