Link Copied
Listed price in listed location currency (USD).
$919,000

000

MLS® SW25272687

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 62
Approx. Age 1970
MLS® Number SW25272687

Property Address: 15521 4th St, Victorville, CA, 92395-3117

Average square foot calculated using Size range provided by listing agent.

Description

SEE APPRAISAL! SEE APPRAISAL! This Offering is 6 units in Victorville. Victorville is one of 3 major cities in Upper Desert. We're located 25 miles N/O San Bernardino. The Upper Desert comprises of 500, 000+/- people & has all major retail/office businesses. Major cities are Victorville, Apple Valley, & Hesperia. The Upper Desert multifamily market is very strong, low crime, attractive neighborhoods, and low vacancy rates! This Offering is located on E/S of Victorville, the most desirable area of Victorville, located adjacent to the most prestigious area of Upper Desert, Desert Knolls. Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas/electric that tenants sign up and pay for. There are not other common area expenses, & landlord pays water and trash. All expenses are in SUPPLEMENTS attached. This complex has the following fine amenities. *Newer roofs *Updated plumbing/electric *Newer tile floors *Updated appliances *Updated cabinetry *All units have been rehabbed. *Laundry room. *Laundry hook ups. *Private tenant yards. * 15 parking stalls *Ceiling fans throughout. *Beautiful low maintenance/cost landscaping. Complex heated by wall furnace & cooled by window AC's & swamp coolers. No need for landlord worrying about high cost replacement of AC's, & no need TENANT affording summer time cooling. Running a swamp cooler is like running a light bulb!! All tenants are in good standing and always pay rent on time! COMPLEX REALLY PERFORMS! PLEASE SEE THE FOLLOWING GREAT RETURNS AT ACTUAL AND MARKET RENTS: At actual rents, WE'RE PERFORMING AT A POSITIVE CASH FLOW! We're putting out an annual gross income of $92, 460, a 9.94 Gross Rent Multiplier, a 9.13% Cap Rate, and a double digit 13.76% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $25, 295 ANNUALLY!!! At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112, 800, a 8.15 Gross Rent Multiplier, a 10.32% Cap Rate, and AN EYEOPENING ROBUST 24.73% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $45, 455 ANNUALLY!!! All financials, rent roll, rent comps, and income/ expenses, are located in SUPPLEMENTS attached. This multifamily has one of the highest returns in So Cal! SELLER IS MOTIVATED & READY TO DEAL! WE WENT INTO ESCROW RIGHT AFTER LISTING. BUYER DIDN'T QUALIFY BUT APPRAISAL WAS DONE & ATTACHED IN SUPPLEMENTS. APPRAISED FOR $925, 000!!! MORE THAN OUR ASKING PRICE!!
MLS® NumberSW25272687
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Exposure
Exterior
GarageNo
Approx. Age1970
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 8, 2025List Date
$919,000List Price
  • Commute

Commute

Starting Address
Destination Address
15521 4 Th St, Victorville, CA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties