16221 Vasquez Ave - Apartments FOR SALE


Victorville, CA 92394
$2,246,000 USD
818-468-9488
16221 Vasquez Ave, Victorville, CA for Sale
$2,246,000 USD
Apartments - FOR SALE
1/16
null | 5% Cap Rate

16221 Vasquez Ave
Victorville, CA 92394


HIGHLIGHTS

  • 11 townhouse style units
  • Covered garage parking on-site
  • Two (2) units delivered vacant
  • Laundry room conversion opportunity

OVERVIEW

Signature Commercial Partners is proud to present the exclusive opportunity to acquire The Vasquez Court Apartments located at 16221 Vasquez Ave. Built in 1985, The Vasquez Courts is comprised of eleven (11) townhouse-style units, each featuring a 2-bedroom, 2-bathroom layout. The uniform unit mix offers operational simplicity and consistent tenant demand, particularly among families and long-term renters seeking larger floorplans. The property has recently undergone significant capital improvements, including upgraded kitchens and bathrooms, new flooring, modern fixtures, fresh interior and exterior paint, and system enhancements, positioning the asset as a turn-key investment with minimal deferred maintenance. Currently, nine (9) of the eleven (11) units are occupied, generating in-place income with immediate upside through the lease-up of the remaining two (2) vacancies at market rents, and the additional opportunity to refurbish the laundry room for additional income. The property is not subject to local rent control, allowing for full rent optimization and increased NOI. Ideally located near I-15 and within close proximity to major retail, schools, and regional employers, The Vasquez Courts benefits from strong tenant demand and a favorable long-term outlook in the rapidly growing High Desert submarket. This offering represents a compelling opportunity for investors seeking a well-located, cash-flowing asset with value-add potential in one of Southern California's most dynamic secondary markets.

FOR SALE DETAILS

PRICE

$2,246,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

11

PRICE/UNIT

$204,182

CAP RATE

5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vasquez Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,201 SF

ZONING

LAR

APN/PARCEL ID

0395-052-11

ASK ABOUT THIS PROPERTY

Tadeh MinassianSignature Commercial PartnersMore Info
818-468-9488

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Tadeh MinassianSignature Commercial PartnersMore Info
818-468-9488

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