Skip to main content

Millman Team Real Estate

$1,200,000
0.43 Acre Lot

9140 E, Hesperia, California 92345

  • Residential Income Property Type
  • Asphalt Cars Garage
  • 1977 Year Built
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

Basic Details
Residential Income
For Sale
PW26167418
$1,200,000
None
1977
0.43 Acre
Active
1
Mixed Use
Features
: None
: Central
: Central Air
: Chain Link
: None
: Asphalt
: All Bedrooms Down
: Common Area
: Public Sewer
: Water Connected
$0
Appliances
: Dishwasher, Electric Range
Address Map
CA
San Bernardino
Hesperia
92345
E
9140
W118° 42' 23.3''
N34° 25' 1.3''
Driving directions from Hwy 395: East on Main St, right on E Ave, property on the right just past 9th St.
HSP - Hesperia
Additional Information
$0
$0
$0
$0
$0
: Parking
5876
: Park, Sidewalks, Street Lights
1
: One
: Near Park
7
2026-07-31
1
1
: Public
Broker/Agent Information
Real Brokerage Technologies
Carlos Ascencio
Listing Information
PCARLASC
PB22080
Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Active
2026-07-31T20:54:29Z
CRMLS
: Standard
2026-07-31T13:25:14Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us