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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,300,000

Est. payment | -/mo

0.47 Acres Lot

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$ 1,300,000

Est. payment | -/mo

Save

0.47 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26222732

HOA Y/N No

Year Built 1985

Lot Size 0.467 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County San Bernardino

Area Vic - Victorville

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Yard

Story 2

Entry Level Two

Sewer Septic Tank

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0395062120000

Energy Description 3000.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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16395 Village Victorville, CA 92394