Wrightwood Homes with Apartment Subtype

Welcome to Wrightwood, California, a charming mountain community nestled in the heart of the San Bernardino County. Known for its stunning natural beauty and year-round recreational opportunities, Wrightwood is a hidden gem that offers a perfect blend of tranquility and adventure. Surrounded by the majestic San Gabriel Mountains, this picturesque town is a haven for outdoor enthusiasts, with hiking trails, skiing, and snowboarding in the winter months, and breathtaking views that change with the seasons.

Wrightwood's real estate market is diverse, featuring a variety of homes that cater to different lifestyles. Among these, homes with an apartment subtype offer unique advantages for both homeowners and investors. These properties provide the perfect opportunity for multi-generational living or additional rental income, making them an attractive option for those looking to maximize their investment potential. Imagine having a cozy apartment space for visiting family or friends, or even generating passive income by renting it out to vacationers seeking a serene retreat.

The community vibe in Wrightwood is warm and welcoming, with local shops, cafes, and restaurants that reflect the town's rustic charm. Residents enjoy a slower pace of life, surrounded by nature, yet are just a short drive from the bustling amenities of nearby cities. Whether you’re looking to settle down in a peaceful mountain retreat or invest in a property that offers flexibility and potential, Wrightwood's homes with an apartment subtype present an exciting opportunity to embrace the best of mountain living. Come explore the possibilities in this enchanting town!

Newest Wrightwood Homes with Apartment Subtype

$1,375,000

SR26169312 MLS ⋅ Active Status

Have you been thinking of investing in apartments? Leola Commercial, Inc is proud to present 1111 Apple Avenue, a 6-unit multifamily investment opportunity located in Wrightwood, California. Consisting of all (2+1) renovated units with 2-car attached garages. This investment opportunity offers large units suitable for families and working professionals. This well-maintained property features large unit town-home style layouts, patios, and secured covered parking. Several units have been recently renovated, providing investors with strong in-place cash flow along with meaningful value-add potential. The property boast a newer roof installed in 2022 and newer water heaters in most of the units. The property sits on a 18,489 SF lot and offers approximately 6,602 SF of rentable space. Current rents are approximately 23.63% below market, presenting a clear opportunity for rent growth. A savvy investor may further enhance returns by converting the garages to ADU’s and add additional parking in the rear of the building. Nestled about 50 minutes southeast of Palmdale, this mountain community is next to Mountain High Ski Resort! The asset benefits from excellent freeway access via State Highway 2 and State Highway 38 (connecting from the north) and is located about 15 miles from Interstate 15, enhancing tenant demand and long-term investment stability. Highlights: Rare opportunity to acquire a stabilized 6-unit multifamily asset, Strong in-place cash flow, Approximately 23.63% rental upside, 6 of 6 units renovated with new flooring and fresh paint, 2 car attached garages with direct access to the apartment, Significant rental upside and value-add opportunity, Pride-of-ownership property.

1111 Apple, Wrightwood

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