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9140 E, Hesperia, CA 92345

  • $1,200,000

  • bed

  • bath

Multi-family for sale 2 hours
Movoto is helping 113 homebuyers near you

About 9140 E

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 0.43 Acre
Movoto estimate
Rental estimate
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
Listed by
Listing Agent - Carlos Ascencio
Listing Agent Contact: 562-254-8677
Listing Office - Real Brokerage Technologies
Source: CRMLS mls logo
MLS#PW26167418 • last updated 9 hours ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Levels/Style One
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.4304
Lot Size (SqFt) 18750
Year Built 1977
Condition Turnkey, Updated/Remodeled
Interior
Laundry Common Area
Other Room(s) All Bedrooms Down
Appliances Electric Range, Dishwasher
Accessibility Features Parking
Exterior
Building Area Square Feet, 5876
Parking Asphalt
# Uncovered Spaces 14
# Parking Spaces 14
Other Structures Storage
Lot Description Park Nearby
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County San Bernardino
Community Features Street Lights, Sidewalks
Directions Driving Directions From Hwy 395: East On Main St, Right On E Ave, Property On The Right Just Past 9th St.
APN 410172450000
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 5760
Operating Expense 30161
Cap Rate 7.69
Expense: Insurance 4500
Total Expenses 30161
Expense: Maintenance 165
Expense: Water/ Sewer 5760
Gross Income 122400
Gross Operating Income 92239
Gross Scheduled Income 122400
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around Hesperia City Center District

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  • Real Estate
  • CA
  • San Bernardino County
  • Hesperia
  • 92345
  • Hesperia City Center District
  • 9140 E

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/30/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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