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16395 Village, Victorville
$1,300,000
IV26222732 MLS ⋅ Active Status
Excellent eight-unit multifamily investment opportunity located at 16395 Village Drive in Victorville, CA. Offered at $1,300,000 ($162,500 per unit), the property features an attractive 7.07% current CAP rate with upside to a 7.39% pro forma CAP rate. Built in 1985, the property consists of two residential buildings totaling approximately 5,460 rentable square feet on a 0.47-acre lot. The desirable unit mix consists entirely of eight 2-bedroom/1-bathroom units, each averaging approximately 675 square feet. The property generates $144,000 in annual scheduled rental income, with potential to increase to $148,800 at projected market rents. Additional features include onsite parking, covered carports, air conditioning, and stucco construction. Conveniently located near Interstate 15, Southern California Logistics Airport, shopping, dining, and major employment centers throughout the Victor Valley. An attractive opportunity to acquire an established income-producing multifamily asset with strong in-place cash flow, rental upside, and long-term investment potential.

16395 Village, Victorville
16518 Avalon Avenue, Victorville
$3,180,000
CV26126117 MLS ⋅ Active Status
We are pleased to exclusively present an 18-unit multifamily investment property located in the City of Victorville, California. Situated on 1.18 acres, the offering presents the opportunity for investors to acquire a value-add asset in one of the most desirable submarkets of the High Desert in the Inland Empire. HIGHLIGHTS: Located in Opportunity Zone | Built 1985 | 100% Two-Bedroom One-Bathroom Units Updated with Double-Pane Windows & Dual-Glass Patio Doors (Select Units) | 80% of the Units Upgraded with Vinyl Plank Flooring & Bathtubs with Modern Finishes. $400,000 CapEx Improvements on Interior/Exterior. Located in a Single-Family Residential Neighborhood | Within Proximity to Brightline West High-Speed Rail Terminal to Provide Rail Service between California & Las Vegas, Nevada. Individually Metered for Gas & Electricity | Private Patios/Balconies for All Units. On-Site Laundry Facility (Machines Owned) | Detached Private Garages & Ample Open Space Parking. The property is located within short commute to national/regional tenants that include Costco, Home Depot, WinCo Foods as well as St Mary’s Medical Center and within proximity to the future Brightline West High-Speed Rail Terminal provided rail service between California and Las Vegas, Nevada.. The community grants residents' easy access to the entire Victor Valley consisting of Adelanto, Apple Valley, Hesperia, and Victorville that consists of over 173,000 people within a 5-mile radius. Interstate 15 and State Route 18 grant convenient access to surrounding employment hubs throughout the Inland Empire, Los Angeles & Orange County regions. The subject property consist entirely of two bedroom units with 853 square feet of living space. Units are individually metered for gas & electricity with amenities that include(s): dual-pane windows, dual-glass patio doors, vinyl plank flooring & bathtubs (most units), copper plumbing, detached enclosed garages, open space parking, laundry facility, swimming pool (not in use), and balconies/patios. The strong demand for rentals in the area is evidenced by its historical occupancy as it caters to families & working professionals alike. With significant value-add potential coupled with growing demand for this submarket, the offering presents investors the opportunity to acquire an appreciating, cash flowing asset with additional upside through continued renovation & proactive management to capture upside in rents achievable at the property.

16518 Avalon Avenue, Victorville
Victorville
$825,000
DW26110189 MLS ⋅ Active Status
The Culley street apartments are now avaliable. The apartment complex was built in 1986 and consists of five large and spacious 2bedroom/1.5 bath townhome style units. Each unit has approx. 915 square feet and has a fire place. Due to an influx of population from Los Angeles and Orange County, the current rental demand is high and vacancy rates are low. In addition the property is conveniently located within a two minute drive of stores such as Food 4 Less, Dollar Tree, IHOP, Wendy's, Subway, Superior Groceries, 99 Cent Only Store, Harbor Freight Tools, Jack in the Box, DD's Discount Store and much more. Don't miss your opportunity to own the Culley Street Apartments!

Victorville

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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