15564 Hesperia Rd - Apartments FOR SALE


Victorville, CA 92395
$1,125,000 USD
949-996-7679
15564 Hesperia Rd, Victorville, CA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/15
null | 6.89% Cap Rate

15564 Hesperia Rd
Victorville, CA 92395


HIGHLIGHTS

  • Strong Rental Upside Potential - Current rents are well below market, providing immediate value-add potential through strategic rent increases
  • Renovated Unit Mix - 9 of 10 units have been fully remodeled, offering modern interiors, reduced capital needs, and improved leasing appeal
  • Major System Upgrades - Recent electrical and plumbing updates enhance long-term reliability and lower ongoing maintenance costs
  • Prime Location With Excellent Connectivity - Offers quick access to I-15, Highway 18, and Route 395, and is close to major retail and recreation
  • Pride of Ownership Asset - Well-maintained grounds, clean exteriors, and updated interiors reflect clear pride of ownership.

OVERVIEW

Discover a well-maintained 10-unit multifamily property located at 15564 Hesperia Rd, Victorville, offering stable cash flow and strong future upside. Built in 1951 and thoughtfully updated, this asset features eight 1-bed/1-bath units and two studio units, providing an attractive unit mix for the high-demand local rental market. With 9 of the 10 units fully remodeled, investors benefit from modernized interiors and reduced near-term capital expenditures. The property also boasts updated electrical and plumbing systems, supporting long-term operational efficiency and reliability. Currently operating at a 6.89% cap rate, this property delivers immediate returns with the potential for further rental growth. Positioned along a major corridor with convenient access to local amenities, employment centers, and transit, it stands as an excellent opportunity for both seasoned and new investors seeking a stable asset in the Inland Empire.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

10

PRICE/UNIT

$112,500

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Commercial

APN/PARCEL ID

0478-214-09

ASK ABOUT THIS PROPERTY

Thomas BeniamenCommercial Real Estate Investors IncMore Info
949-996-7679

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Thomas BeniamenCommercial Real Estate Investors IncMore Info
949-996-7679

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