1111 Apple Ave 6 Unit Apartment Building $1,907,771 CAD ($317,962 CAD/Unit) 5.67% Cap Rate Wrightwood, CA 92397

Leola Commercial, Inc. is proud to present 1111 Apple Avenue, a six-unit multifamily investment opportunity located in the highly desirable mountain community of Wrightwood, California.
The property consists of six spacious two-bedroom, one-bathroom townhome-style units, each featuring an attached two-car garage with direct access. Designed to appeal to families and working professionals alike, the large floor plans, private patios, and secure covered parking provide both comfort and convenience.
This well-maintained pride-of-ownership asset offers approximately 6,602 rentable square feet situated on an 18,489 square foot lot. All six units have been renovated with new flooring and fresh paint, creating strong in-place cash flow while still offering meaningful value-add potential. Capital improvements include a newer roof installed in 2022 and newer water heaters in most units.
Current rents are approximately 23.63% below market, presenting a clear path for income growth. A savvy investor may further enhance returns by exploring the potential conversion of garages into ADUs (subject to local regulations) and adding additional parking at the rear of the property.
The property benefits from convenient access to State Highway 2 and State Highway 38 (via the north), and is located approximately 15 miles from Interstate 15, supporting tenant demand and long-term investment stability.