16395 Village, Victorville, CA 92394
16395 Village, Victorville, CA 92394
16395 Village, Victorville, CA 92394
16395 Village, Victorville, CA 92394
16395 Village, Victorville, CA 92394
16395 Village, Victorville, CA 92394
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$ 1,300,000
Est. payment | /mo

2 Beds

1 Bath

0.47 Acres Lot

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$ 1,300,000
Est. payment | /mo
Save

2 Beds

1 Bath

0.47 Acres Lot

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

MLS Router / San Diego MLS
Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP 

Nearby Locations

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16395 Village