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Barranca Way Apartments 15523 Barranca Way 39 Unit Apartment Building $6,200,000 ($158,974/Unit) 6.03% Cap Rate Victorville, CA 92394
EXECUTIVE SUMMARY
CBRE is pleased to present investors with the opportunity to acquire The Barranca Way Apartments located at 15523, 15531, & 15549 Barranca Way, Victorville, CA. Built in 1987, this well maintained 39 unit property features all two-bedroom, two-bathroom units average 900 SF. The gated property offers covered and surface parking and includes modern amenities such as a pool, surveillance system, and new flooring throughout the units. Each apartment comes equipped with a dishwasher and stove. The complex is conveniently located near schools and is about four miles from the Mall of Victor Valley, and several interstate highways.
PROPERTY FACTS
| Price | $6,200,000 | Building Class | C |
| Price Per Unit | $158,974 | Lot Size | 2.47 AC |
| Sale Type | Investment | Building Size | 35,100 SF |
| Cap Rate | 6.03% | Average Occupancy | 90% |
| Gross Rent Multiplier | 9.85 | No. Stories | 2 |
| No. Units | 39 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R3, Victorville | ||
| Price | $6,200,000 |
| Price Per Unit | $158,974 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 9.85 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.47 AC |
| Building Size | 35,100 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Victorville |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Tile Floors
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Yard
- Patio
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Gated
- Video Patrol
- Basketball Court
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 39 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 0395-122-22 | Improvements Assessment | $995,230 |
| Land Assessment | $327,871 | Total Assessment | $1,323,101 |
PROPERTY TAXES
Parcel Number
0395-122-22
Land Assessment
$327,871
Improvements Assessment
$995,230
Total Assessment
$1,323,101
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Barranca Way Apartments | 15523 Barranca Way
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