14
See all 14 photos
$1,300,000
Est. payment /mo
2 Beds
1 Bath
0.47 Acres Lot
New
16395 Village Victorville, CA 92394
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26222732
Bedrooms 2
Lot Size 0.467 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction From I-15, exit Mojave Drive and head west. Turn right onto Village Drive and continue to 16395 Village Drive, Victorville, CA 9
Interior
Fireplace No
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0395062120000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION