
Hesperia, California 92345
Analysis of 9140 E, Hesperia, California 92345 is currently available with a list price of $1,200,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Hesperia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone a recent full remodel (<5 years) as evidenced by the new laminate flooring, updated bathroom vanities, and modern subway tile shower surrounds. The listing confirms a turnkey status with minimal capex needed and no deferred maintenance.
The property delivers an impressive 7.69% current cap rate with a pro forma potential of 8.64%, offering investors exceptional cash flow and a clear path to increased returns through market rent adjustments.
All seven units have been fully remodeled, significantly reducing the risk of deferred maintenance and allowing for a low-maintenance, 'hands-off' ownership experience from day one.
The asset is 100% leased with a uniform mix of 2-bedroom, 1-bathroom units, providing immediate income stability and simplifying property management logistics.
Despite recent cosmetic renovations, the 1977 construction date suggests that major underlying systems such as plumbing and electrical may require long-term capital planning as they approach the end of their typical lifecycles.
Located in the High Desert submarket of Hesperia, the property may be more susceptible to economic volatility and experience slower long-term capital appreciation compared to core coastal California markets.
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
No exterior & parking available.
No sensitive facilities data found.
Jul 31, 2026
$1,200,000
Initial Listing
Feb 4, 2021
$650,000
Public Record
Jul 16, 2001
$204,000
Public Record
Nov 29, 1994
$138,000
Public Record