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6 UNITS, 10.08% CAP, 23.53% CASH ON CASH!! 15521-15531 4th St 6 Unit Apartment Building $939,000 ($156,500/Unit) 7.93% Cap Rate Victorville, CA 92395
INVESTMENT HIGHLIGHTS
- LOCATED IN ONE OF THE NICEST AREAS OF THE UPPER DESERT
- AT ACTUAL RENTS, PERFORMING AT $92,460 ANNUAL GROSS INCOME, A 7.93% CAP, AND A DOUBLE DIGIT 12.79% CASH ON CASH, AKA ANNUAL POSITIVE CASH OF $24,020!!
- THE BEST PERFORMING MULTIFAMILY IN SOUTHERN CALIFORNIA!
- AT MARKET RENTS, PERFORMNG AT $112,800 ANNUAL GROSS INCOME, A 10.08 CAP RATE, AND A ROBUST 23.53% CASH ON CASH, AKA ANNUAL POSITIVE CASH OF $44,180!!
EXECUTIVE SUMMARY
This Offering is 6 units located in Victorville.
Victorville is one of the three major cities in an area commonly known as the Upper Desert. The Upper Desert is approximately 25 miles north of San Bernardino. The Upper Desert comprises of approximately 500,000 people and is totally self sufficient containing all the major retailers, office businesses, and a major hub for industry. If you live in the Upper Desert, you don't have to leave that area for anything.
The Upper Desert multifamily market is very strong! The attractiveness is that one can live in an attractive low crime area, with all the comforts/convenience of any other area in Southern California, and pay less for rent and other expenses. Therefore, the demand for renting in the Upper Desert is high, the supple is low, and therefore vacancy rates are very low!!
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 MARKET PACKAGE 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 the MARKETING PACKAGE attached.
I HAVE CHECKED AND THIS IS UNDOUBTEDLY THE BEST PERFOMING MULTIFAMILY PROPERTY IN SOUTHERN CALIFORNIA!!!
Victorville is one of the three major cities in an area commonly known as the Upper Desert. The Upper Desert is approximately 25 miles north of San Bernardino. The Upper Desert comprises of approximately 500,000 people and is totally self sufficient containing all the major retailers, office businesses, and a major hub for industry. If you live in the Upper Desert, you don't have to leave that area for anything.
The Upper Desert multifamily market is very strong! The attractiveness is that one can live in an attractive low crime area, with all the comforts/convenience of any other area in Southern California, and pay less for rent and other expenses. Therefore, the demand for renting in the Upper Desert is high, the supple is low, and therefore vacancy rates are very low!!
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 MARKET PACKAGE 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 the MARKETING PACKAGE attached.
I HAVE CHECKED AND THIS IS UNDOUBTEDLY THE BEST PERFOMING MULTIFAMILY PROPERTY IN SOUTHERN CALIFORNIA!!!
PROPERTY FACTS
| Price | $939,000 | Apartment Style | Low-Rise |
| Price Per Unit | $156,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 7.93% | Building Size | 5,200 SF |
| Gross Rent Multiplier | 10.16 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1954/2025 |
| Property Type | Multifamily | Parking Ratio | 1.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $939,000 |
| Price Per Unit | $156,500 |
| Sale Type | Investment |
| Cap Rate | 7.93% |
| Gross Rent Multiplier | 10.16 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2025 |
| Parking Ratio | 1.92/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 0478-231-13 | Improvements Assessment | $64,556 |
| Land Assessment | $23,053 | Total Assessment | $87,609 |
PROPERTY TAXES
Parcel Number
0478-231-13
Land Assessment
$23,053
Improvements Assessment
$64,556
Total Assessment
$87,609
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Burton Apartment Realtors
6 UNITS, 10.08% CAP, 23.53% CASH ON CASH!! | 15521-15531 4th St
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