Property Detail

Description

Discover a well-maintained 10-unit multifamily property located at 15564 Hesperia Rd, Victorville, offering stable cash flow and strong future upside. Built in 1951 and thoughtfully updated, this asset features eight 1-bed/1-bath units and two studio units, providing an attractive unit mix for the high-demand local rental market. With 9 of the 10 units fully remodeled, investors benefit from modernized interiors and reduced near-term capital expenditures. The property also boasts updated electrical and plumbing systems, supporting long-term operational efficiency and reliability. Currently operating at a 6.89% cap rate, this property delivers immediate returns with the potential for further rental growth. Positioned along a major corridor with convenient access to local amenities, employment centers, and transit, it stands as an excellent opportunity for both seasoned and new investors seeking a stable asset in the Inland Empire.