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14015 Spruce St
Hesperia, CA 92345
6.46% Cap Rate - Strong Rents · Multifamily Property For Sale
·
4 Units


Investment Highlights
- 6.46% Cap Rate on Actual Income & Expenses - Strong Rents
- Highly Desirable Rental Area of Hesperia
- Exceptionally Well Maintained - Great Ownership
- Neighboring Property Also For Sale - Opportunity to Purchase 8-Units Total
Executive Summary
MGR Real Estate, Inc. is proud to present a fantastic opportunity to own this beautiful Fourplex property in Hesperia, CA. This investment property is currently being offered at a 6.46% cap rate and it features 2 bedrooms/2 baths, large living area, laundry hookups, private patios, individual garages for each unit. These units are spacious at ± 1,054 sq.ft per unit.
This property has been exceptionally well maintained, reflecting consistent and attentive ownership. Over the years, it has undergone extensive upgrades and preventative maintenance to ensure long-term performance and curb appeal. Major exterior improvements include roof replacements and roofline repairs, full stucco restoration and exterior paint, new trim and front entry doors, as well as replacement of multiple steel garage doors.
Interior and mechanical systems have also been thoughtfully updated. Improvements include HVAC system upgrades, updated water heaters, renovated kitchen countertops, and tile and flooring enhancements completed within the past decade. These apartments are in outstanding condition and demonstrate true pride of ownership.
The property is highly desirable and easy to lease, with steady tenant demand driven by its prime location near retail shopping, schools, and convenient access to the 15 Freeway, making commuting simple and efficient.
Additionally, the neighboring 4-unit property is also available, presenting a rare opportunity to acquire both assets and add a total of 8 units to your investment portfolio.
This property has been exceptionally well maintained, reflecting consistent and attentive ownership. Over the years, it has undergone extensive upgrades and preventative maintenance to ensure long-term performance and curb appeal. Major exterior improvements include roof replacements and roofline repairs, full stucco restoration and exterior paint, new trim and front entry doors, as well as replacement of multiple steel garage doors.
Interior and mechanical systems have also been thoughtfully updated. Improvements include HVAC system upgrades, updated water heaters, renovated kitchen countertops, and tile and flooring enhancements completed within the past decade. These apartments are in outstanding condition and demonstrate true pride of ownership.
The property is highly desirable and easy to lease, with steady tenant demand driven by its prime location near retail shopping, schools, and convenient access to the 15 Freeway, making commuting simple and efficient.
Additionally, the neighboring 4-unit property is also available, presenting a rare opportunity to acquire both assets and add a total of 8 units to your investment portfolio.
Property Facts
| Price Per Unit | $320,149 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.46% | Building Size | 4,216 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Low-Rise | Parking Ratio | 1.17/1,000 SF |
| Price Per Unit | $320,149 CAD |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,216 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 1.17/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Tile Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 0405-193-13 | Improvements Assessment | $433,025 CAD |
| Land Assessment | $80,721 CAD | Total Assessment | $513,746 CAD |
Property Taxes
Parcel Number
0405-193-13
Land Assessment
$80,721 CAD
Improvements Assessment
$433,025 CAD
Total Assessment
$513,746 CAD
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