19087 Allegheny Rd

Apple Valley, CA 92307

$3,300,000
Price
2
Beds
32
Baths
17,360 Sq. Ft.
$190 / Sq. Ft.
17,360
Sq. Ft.
$190
per Sq. Ft.
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Description

We are pleased to present the exclusive investment opportunity for Allegheny Arms Apartments, a 16-unit multifamily community located in the high-growth market of Apple Valley. Located at 19087 Allegheny Road, Apple Valley, CA, this well-located asset sits just a block off Highway 18, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like St. Mary Medical Center, Desert Mountain...We are pleased to present the exclusive investment opportunity for Allegheny Arms Apartments, a 16-unit multifamily community located in the high-growth market of Apple Valley. Located at 19087 Allegheny Road, Apple Valley, CA, this well-located asset sits just a block off Highway 18, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like St. Mary Medical Center, Desert Mountain Plaza, and Apple Valley Center, all within a short drive. The property’s proximity to Highway 18 allows for direct connection to other major cities within San Bernardino County and is conveniently located on the way to Las Vegas. Furthermore, the community is within a short driving distance of national retailers like Costco in Victorville and a variety of local shops and restaurants. Allegheny Arms Apartments represents a rare multifamily asset in the market, consisting of 16 single-story condo-style units spanning a generous ±60,767 SF lot size with a ±17,360 SF building size. Built in 1987, the property features a uniform unit mix of sixteen 2-bedroom/2-bathroom single-story flats, averaging approximately 1,085 SF per unit. The community features low-maintenance, drought-resistant landscaping complemented by lush, mature greenery and a tranquil outdoor seating area, offering a serene environment designed to reduce overhead while maintaining high tenant retention. The architecture is defined by open-beam ceilings and brick fireplaces, creating a spacious and inviting interior feel. Interior features are equally impressive, boasting detached garages, two large private patios per unit, and in-suite laundry connections. The investment profile is further enhanced by recent infrastructure updates, including a resurfaced parking lot, redone decks and railings, and a completely relandscaped front exterior. Additional in-unit comforts include central air and heating, dishwashers, and breakfast bars. This stable, well-maintained unit base provides immediate income security and remains a highly attractive offering for residents seeking quality, single-story housing in a convenient, well-established location. Whether for a first-time purchaser, a seasoned institutional investor, or a 1031 exchange buyer, Allegheny Arms Apartments offers long-term stability and an exceptional foothold in the thriving San Bernardino County submarket.
  1. Listed by Eric Chen • DRE #C32772 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 19087 Allegheny Road

Parking Spaces Total
36
Private Pool
No
Cooling Type
Central Air
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17360
Assessor Parcel Number
0473-037-27-0000
LISTING UPDATED: 05/14/2026 09:09 AM

Property Details for 19087 Allegheny Road

StatusActive
MLS #CV26105265
Days on Market22
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1987
CountySan Bernardino County
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Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772
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Building Information for 19087 Allegheny Road

Building/Complex19087 Allegheny RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1987Building Size-

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$17,967 per month

30 year fixed, 6.36% Interest

Principal and Interest

$16,444

Property Taxes

$1,523

HOA Dues

$0

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Property Information for 19087 Allegheny Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $292,085
  • Gross Scheduled Income: $292,085
  • Vacancy Allowance: 14604
  • Gross Operating Income: $277,480
  • Net Operating Income: $184,092
  • Gross Multiplier: 11.3
  • Cap Rate: 5.58
Expense Details
  • Operating Expense: $93,388
  • New Taxes Expense: $36,907
  • Gardener Expense: $8,600
  • Fuel Expense: $225
  • Pest Control Expense: $1,295
  • Electric Expense: $1,742
  • Insurance Expense: $8,395
  • Maintenance Expense: $12,000
  • Professional Management Expense: $6,000
  • Other Expense: $3,200
  • Other Expense Description: Reserves
  • Trash Expense: $12,600
  • Water Sewer Expense: $2,424
  • Total Expenses: $93,388
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 4475
  • Tax Census Tract: 009726
  • CFD/Mello-Roos Fee: $3,073
  • Tax Lot: 389
Community / Development
Community / Development
  • Community Features: Mountainous
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 0473-037-28
  • Lot Features: 16-20 Units/Acre, Lot 10000-19999 Sqft
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Uncovered Spaces: 20
  • Open Other Spaces Total: 20
  • Parking Garage Spaces: 16
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 16
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,508
  • Unit Type Total Rent: $289,533
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1

Property History for 19087 Allegheny Road

DateEvent & SourcePriceAppreciation
May 14, 2026

Listed (Active)

CRMLS #CV26105265

$3,300,000—
May 14, 2026

Listed (Active)

SDMLS #CV26105265

$3,300,000—
May 14, 2026

Listed (Active)

CLAW #CV26105265MR

$3,300,000—
DateEvent & SourcePrice
05/14/2026

Listed (Active)

CRMLS #CV26105265

$3,300,000
05/14/2026

Listed (Active)

SDMLS #CV26105265

$3,300,000
05/14/2026

Listed (Active)

CLAW #CV26105265MR

$3,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 19087 Allegheny Road

Taxable ValueLand$306,000Additions$1,213,800Total$1,519,800
Tax Record2025$18,271 ($1,523 / month)
Home Facts
Total Finished SqFt8,680 SqFtAbove Grade Finished SqFt8,680 SqFtLot Size29,698 SqFtStyleMulti-Family Res (5+ Units)Year Built1987CountySAN BERNARDINOAPN0473-037-27-0000

Schools near 19087 Allegheny Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Desert Knolls Elementary School
Public - K to 6
Vanguard Preparatory School
Public - K to 8
Granite Hills High School
Public - 9 to 12
High Desert Premier Academy
Public - K to 12
Rating
School
Distance
Desert Knolls Elementary School
PublicK to 6

Vanguard Preparatory School
PublicK to 8

Granite Hills High School
Public9 to 12

High Desert Premier Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 19087 Allegheny Road, Apple Valley, CA 92307

19087 Allegheny Road is a multi-family home for sale in Apple Valley, CA 92307. This property was listed for sale on May 14, 2026 by CB RICHARD ELLIS, it's currently listed at $3,300,000. This listing's school district is Apple Valley Unified School District. Nearby schools include Desert Knolls Elementary School, Vanguard Preparatory School and Granite Hills High School. 19087 Allegheny Road is a 2-bed, 32-bath, 17,360 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.