Homes for sale - 15521 4th, Victorville, CA 92395

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Jan

Mon

Jan

Tue

Jan

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$939,000

Est. payment - /mo

0.33 Acres Lot

Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25272687

HOA Y/N No

Year Built 1970

Lot Size 0.326 Acres

Property Sub-Type Apartment

Property Description

This Offering is 6 units in Victorville.

Victorville is one of three major cities in the Upper Desert. We are located 25 miles north of San Bernardino. The Upper Desert comprises of 500,000+/- people & has all major retail/office businesses. The major cities are Victorville, Apple Valley, & Hesperia.

The Upper Desert multifamily market is very strong, with low crime, attractive neighborhoods, and has low vacancy rates!

This Offering is located on the east side of Victorville, The east side of Victorville is the most desirable area of Victorville, located adjacent to the most prestigious area of the Upper Desert, the Desert Knolls area of Apple Valley.

This Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas and electric that tenants sign up and pay for. There are not other common area expenses, and landlord pays water and trash. All expenses are detailed in the 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.

The complex is heated by wall furnace, and cooled by window AC's and swamp coolers. Therefore no need for landlord worrying about high cost replacement of AC's, and no need to worry about tenant affording cooling in the summer time. Running a swamp cooler is like running a light bulb!!

All tenants are in good standing and always pay rent on time!

THIS 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 $92,480, a 10.16 Gross Rent Multiplier, a 7.93% Cap Rate, and a double digit 12.79% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $24,020 ANNUALLY!!!
At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112,800, a 8.32 Gross Rent Multiplier, a 10.08% Cap Rate, and AN EYEOPENING ROBUST 23.53% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $44,180 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!

Location

State CA

County San Bernardino

Area Vic - Victorville

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Pool None

Community Features Foothills, Suburban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0478231130000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info

Listed by Tony Burton Burton Commercial, Inc. 951-375-7433

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations