10-Unit Apartment
For Sale
$2,000,000
14934 Sequoia, Hesperia, CA 92345
Well-kept 10-unit apartment complex with detached 1-car garages and additional storage garage plus 12 uncovered parking spaces.
Property Size9,120 SF
Days on Market105
Property Features for 14934 Sequoia
General Information
Standard status
Active
Size
9,120 SF
Total Parking Spaces
23
Property subtype
Investment
Additional Details
Multifamily Units
10
Building Details
Building Size
9,120 SF
Year Built
1984
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
KW Commercial
(213) 527-0450
Listed By:
Charly Ubaldo · License #02088736
(213) 527-0450
Source:
Elliman
Added: May 20
Changed: Aug 28
Last Checked: Aug 30 at 9:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
This 10-unit apartment complex includes ten spacious two-bedroom, one-bath units. Each unit is approximately the same size and features its own detached one-car garage. There is also an additional one-car garage available for owner storage, bringing the total garage count to 11, along with 12 uncovered parking spaces.
The property is conveniently located within a five-minute drive of major retail and dining options, including Victor Valley Mall, Sprouts Farmers Market, Target, Home Depot, and multiple dining and shopping destinations.
The overall setup supports straightforward resident parking and unit access, with garages distributed per unit and supplemental uncovered parking on site.
The property is conveniently located within a five-minute drive of major retail and dining options, including Victor Valley Mall, Sprouts Farmers Market, Target, Home Depot, and multiple dining and shopping destinations.
The overall setup supports straightforward resident parking and unit access, with garages distributed per unit and supplemental uncovered parking on site.
Key Highlights
- 10‑unit apartment complex in Hesperia, CA with (10) 2 bed/1 bath units
- Each unit is approximately 912 SF
- Detached 1‑car garages with each unit plus an additional 1‑car garage for storage (total 11 garages)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,830
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,396,600
$2.4M
Cap Rate 7%
$1,711,857
$1.7M
Cap Rate 9%
$1,331,444
$1.3M
Market Conditions
NOI Build-Up for 9,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$229.8K $25.20/SF
− Vacancy
−$12.0K −$1.31/SF
EGI
$217.9K $23.89/SF
− OpEx
−$98.0K −$10.75/SF
NOI
$119.8K $13.14/SF
Area
Hesperia, CA
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,396,600
Cap Rate 7%
$1,711,857
Cap Rate 9%
$1,331,444
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,830 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,058 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 10-unit apartment complex with detached 1-car garages and additional storage garage plus 12 uncovered parking spaces.
Where is this apartment building located?
The property is located at 14934 Sequoia Hesperia, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10‑unit apartment complex in Hesperia, CA with (10) 2 bed/1 bath units; Each unit is approximately 912 SF; Detached 1‑car garages with each unit plus an additional 1‑car garage for storage (total 11 garages)
