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Listed by: Carlos Ascencio (562) 254-8677 DRE #01324790 | Real Brokerage Technologies (916) 848-7554
$1,200,000
Monthly Est:$5,973
14 Beds
7 Baths
5,876sqft
9140 East, Hesperia, CA 92345
$1,200,000
$5,973/moEst:
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Mixed Use
Built in 1977
$-- HOA
18,750 sqft lot
$204/sq.ft
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
- Houzeo last checked: 12 hours ago
- Listing updated: July 31, 2026 at 8:54 pm
- Source: California Regional MLS-CA | MLS#: PW26167418
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1977
HOA Fees
-
Finished Area
5,876 sqft
Lot Size
18,750 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26167418
MLS Status
Active
Days on Market
94
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 7
Interior
Appliances
Dishwasher, Electric Range
Cooling
Central Air
Interior Features
All Bedrooms Down
Sewer
Public Sewer
Heating
Central
Construction
Year Built
Year Built: 1977
Home type
Mixed Use
Property Condition
Updated Remodeled, Turnkey
Utilities & Energy
Pool Features
None
Water Source
Public
Utilities
Water Connected
Fireplace Features
None
Laundry Features
Common Area
Parking Features
Asphalt
Other Features
Lot Features
Near Park
Tenant Pays
Cable Tv, Electricity, Gas, Insurance
Community Features
Street Lights, Sidewalks, Park
Price History
| Date | Event | Price |
|---|---|---|
07/31/2026 Source: | Listed for Sale | $1,200,000 $204/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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