$875,000
12033 Locust, Apple Valley CA 92308
Multi-Family (2 Units)
Property type
64 days
On market
$268
Price per sqft
3 cars
Garage
2004
Year built
51,401 sqft
Lot size
Home highlights
Open Houses
Overview
Excellent investment opportunity in the path of commercial development. Just off Bear Valley Road in Apple Valley, CA. Secure this income generator while proceeding with the entitlement process for a commercial development or buy it as investment property.
Listing provided by: Michael Gallagher DRE #01870195, MGR Real Estate, Inc
Listing updated: Apr 3, 2026 at 01:20pm.
Last checked: Jun 5, 2026 at 07:01pm
Source: CRMLS #HD26071060
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 5 | 4 | — | $4,000 | $4,000 | $4,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Carpet: 2
Rent Control: No
Tenant Pays: All Utilities, Electricity, Gas, Insurance, Water
Financial Snapshot
Gross Rent Multiplier
18.2x
List Price / Annual Gross Rent
Cap Rate
5.35%
NOI / List Price
Gross Scheduled Income: $48,000
Operating Expense: $1,200
Net Operating Income: $46,800
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Trash: $100
Water / Sewer: $0
Interior
Flooring: Carpet, Tile
Cooling: Central Air
Heating: Central
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 1
Foundation: Slab
Construction Materials: Stucco
Property Condition: Turnkey
Common Walls: No Common Walls
Direction Faces: West
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Two To Five Units Acre, Lot Over40000 Sqft, Yard
Pool: None
Fencing: Chain Link
Water Source: Public
Sewer: Septic Tank
View: Desert
Road Frontage Type: County Road
Road Surface Type: Unimproved
Other Structures: Guest House Detached, Guest House
Garage and Parking
Parking: Circular Driveway, Garage Faces Front, Garage, Paved, Uncovered
Garage Spaces: 3
Uncovered Spaces: 3
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 0434032020000
Additional Parcels: No
Tax Lot: 1
Community
Senior Community: No
Community Features: Rural
Nearby Schools
Nearby schools around the 12033 Locust, Apple Valley, CA 92308. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$700,000
Total Interest
$892,811
Total Payment
$1,592,811
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,486
per month
Property History for 12033 Locust
Apple Valley Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92308.
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