New Listing
$2,200,000
 $11,810 est/mo Sourced by Back At You

17450 Sequoia,Hesperia, CA 92345

Hesperia, CA 92345

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Description

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., Target, Home Depot, Lowe's, and Cinemark. Nearby schools include Mountain View Montessori, Endeavor School of Exploration, Excelsior Charter Schools, and Mojave Vista School of Cultural Arts. Hesperia is one of the fastest-growing cities in California, with population growth of more than 10% over the past decade and 3.5%+ since 2020, and an average household income of approximately $72,000.

Details

MLS #IG26223512
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1985
Days On Site7
Listing Provided ByREALICORE | David Friedman

Features

SQ Feet12,002
Car PortYes
Story(s)2
Units14
Building(s)2
Acreage1.00

Interior

Fireplace Yes / NoNo

Exterior

Lot FeaturesDesert Back, Desert Front, Rectangular Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesRural, Pool

Area Information

StateCA
CountySan Bernardino
CityHesperia
Zip Code92345
AreaHSP Hesperia
Listing VS Median (in 92345)
Price:
$2,200,000
low | high
Med:
$474,000
100% of Average
sqft:
12,002
low | high
Med:
1,649
100% of Average
$ / sqft:
$183
low | high
Med:
$306
16.671557010063% of Average
On site:
7
low | high
Med:
95
7.368421052632% of Average
Sourced by Back At You

Market Activity 92345

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Additional Information

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Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountySan Bernardino
CityHesperia
Zip Code92345
AreaHSP Hesperia
Listing VS Median (in 92345)
Price:
$2,200,000
low | high
Med:
$474,000
100% of Average
sqft:
12,002
low | high
Med:
1,649
100% of Average
$ / sqft:
$183
low | high
Med:
$306
16.671557010063% of Average
On site:
7
low | high
Med:
95
7.368421052632% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 8:58:32 AM PDT