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15564 Hesperia Rd
Victorville, CA 92395

$1,125,000 USD

Apartments For Sale  •  4,960 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,960 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 6.89 %
  • Zoning Commercial
41 Transit Score
67 Walk Score

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.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $77,545 USD (2024)
Cap Rate: 6.89 %
Total Expenses: $39,775 USD

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
Victorville Amtrak (Southwest Chief - Amtrak) 1 min 5 min 0.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Thomas Beniamen 949-996-7679 Commercial Real Estate Investors Inc
Thomas Beniamen 949-996-7679 Commercial Real Estate Investors Inc