14015 Spruce St - Apartments FOR SALE


Hesperia, CA 92345
$935,000 USD
760-684-2139
14015 Spruce St, Hesperia, CA for Sale
$935,000 USD
Apartments - FOR SALE
1/29
null | 6.46% Cap Rate

14015 Spruce St
Hesperia, CA 92345


HIGHLIGHTS

  • 6.46% Cap Rate on Actual Income & Expenses - Strong Rents
  • Exceptionally Well Maintained - Great Ownership
  • Highly Desirable Rental Area of Hesperia
  • Neighboring Property Also For Sale - Opportunity to Purchase 8-Units Total

OVERVIEW

MGR Real Estate, Inc. is proud to present a fantastic opportunity to own this beautiful Fourplex property in Hesperia, CA. This investment property is currently being offered at a 6.46% cap rate and it features 2 bedrooms/2 baths, large living area, laundry hookups, private patios, individual garages for each unit. These units are spacious at ± 1,054 sq.ft per unit. This property has been exceptionally well maintained, reflecting consistent and attentive ownership. Over the years, it has undergone extensive upgrades and preventative maintenance to ensure long-term performance and curb appeal. Major exterior improvements include roof replacements and roofline repairs, full stucco restoration and exterior paint, new trim and front entry doors, as well as replacement of multiple steel garage doors. Interior and mechanical systems have also been thoughtfully updated. Improvements include HVAC system upgrades, updated water heaters, renovated kitchen countertops, and tile and flooring enhancements completed within the past decade. These apartments are in outstanding condition and demonstrate true pride of ownership. The property is highly desirable and easy to lease, with steady tenant demand driven by its prime location near retail shopping, schools, and convenient access to the 15 Freeway, making commuting simple and efficient. Additionally, the neighboring 4-unit property is also available, presenting a rare opportunity to acquire both assets and add a total of 8 units to your investment portfolio.

FOR SALE DETAILS

PRICE

$935,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

4

PRICE/UNIT

$233,750

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.46% Cap Rate - Strong Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

0405-193-13

ASK ABOUT THIS PROPERTY

Randy SanchezMGR Real Estate, Inc.More Info
760-684-2139

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Randy SanchezMGR Real Estate, Inc.More Info
760-684-2139

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.