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16518 Avalon Ave
Victorville, CA 92395

$3,180,000 USD

Apartments For Sale  •  15,345 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,345 SF
  • Lot Size 1.24 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 6.10 %
40 Transit Score
43 Walk Score

Highlights

Located in Federal Opportunity Zone | Built 1985 | 100% Two-Bedroom One-Bathroom Units Updated with Double-Pane Windows & Dual-Glass Patio Doors
$400,000 CapEx Improvements on Interior/Exterior | 80% of the Units Upgraded with Vinyl Plank Flooring & Bathtubs with Modern Finishes
Proximity to Brightline West High-Speed Rail Terminal to Provide Rail Service to Las Vegas, NV | Located in a Single-Family Residential Neighborhood
Individually Metered for Gas & Electricity | Private Patios/Balconies for All Units | Gated Pool on Premises (Currently Not in Use)
On-Site Laundry Facility (Machines Owned) | Detached Private Garages & Ample Open Space Parking
Easy Connectivity to Surrounding Employment Centers by Way of Interstate 15 & State Route 18

Financial Summary (Actual)

Net Operating Income: $188,220 USD (2024)
Cap Rate: 6.10 %
Total Expenses: $108,149 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Public Transportation
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
3 min 16 min 0.8 mi
AirportDriveWalkDistance
Ontario International 56 min - 47.0 mi
Sean Hwangbo 626-679-7947 Sean S. Hwangbo
Sean Hwangbo 626-679-7947 Sean S. Hwangbo