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Listed by DARREN CORREA, DRE #02066621 • LE INVESTMENT GROUP
$ 1,300,000
Est. payment /mo
Active
16395 VLG Victorville, CA 92394
0.47 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV26222732
Year Built 1985
Lot Size 0.467 Acres
Source California Regional MLS
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
Laundry Laundry Area
Exterior
Pool None
Building
Sewer Septic Tank / Pump
Water District - Public
Others
Tax ID 0395062120000
Special Listing Condition Not Applicable
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