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15564 Hesperia Rd 10 Unit Apartment Building $1,415,217 CAD ($141,522 CAD/Unit) 7.68% Cap Rate Victorville, CA 92395
Investment Highlights
- Strong Rental Upside Potential - Current rents are well below market, providing immediate value-add potential through strategic rent increases
- Major System Upgrades - Recent electrical and plumbing updates enhance long-term reliability and lower ongoing maintenance costs
- Pride of Ownership Asset - Well-maintained grounds, clean exteriors, and updated interiors reflect clear pride of ownership.
- Renovated Unit Mix - 9 of 10 units have been fully remodeled, offering modern interiors, reduced capital needs, and improved leasing appeal
- Prime Location With Excellent Connectivity - Offers quick access to I-15, Highway 18, and Route 395, and is close to major retail and recreation
Executive Summary
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 7.68% 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.
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 7.68% 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$168,309
|
$33.66
|
| Other Income |
$407
|
$0.08
|
| Vacancy Loss |
$6,732
|
$1.35
|
| Effective Gross Income |
$161,984
|
$32.40
|
| Taxes |
$16,842
|
$3.37
|
| Operating Expenses |
$36,459
|
$7.29
|
| Total Expenses |
$53,301
|
$10.66
|
| Net Operating Income |
$108,683
|
$21.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $168,309 |
| Annual Per SF | $33.66 |
| Other Income (CAD) | |
|---|---|
| Annual | $407 |
| Annual Per SF | $0.08 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,732 |
| Annual Per SF | $1.35 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $161,984 |
| Annual Per SF | $32.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,842 |
| Annual Per SF | $3.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,459 |
| Annual Per SF | $7.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,301 |
| Annual Per SF | $10.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $108,683 |
| Annual Per SF | $21.74 |
Property Facts
| Price | $1,415,217 CAD | Building Class | C |
| Price Per Unit | $141,522 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 7.68% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.82/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $1,415,217 CAD |
| Price Per Unit | $141,522 CAD |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2019 |
| Parking Ratio | 2.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Vinyl Flooring
Site Amenities
- Laundry Facilities
1 1
Property Taxes
| Parcel Number | 0478-214-09 | Total Assessment | $873,072 CAD |
| Land Assessment | $171,497 CAD | Annual Taxes | $16,842 CAD ($3.37 CAD/SF) |
| Improvements Assessment | $701,575 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0478-214-09
Land Assessment
$171,497 CAD
Improvements Assessment
$701,575 CAD
Total Assessment
$873,072 CAD
Annual Taxes
$16,842 CAD ($3.37 CAD/SF)
Tax Year
2025
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15564 Hesperia Rd
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