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15564 Hesperia Rd 10 Unit Apartment Building $1,543,500 CAD ($154,350 CAD/Unit) 6.89% 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 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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$167,248
|
$33.45
|
| Other Income |
$405
|
$0.08
|
| Vacancy Loss |
$6,690
|
$1.34
|
| Effective Gross Income |
$160,963
|
$32.19
|
| Taxes |
$18,342
|
$3.67
|
| Operating Expenses |
$36,229
|
$7.25
|
| Total Expenses |
$54,571
|
$10.91
|
| Net Operating Income |
$106,392
|
$21.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $167,248 |
| Annual Per SF | $33.45 |
| Other Income (CAD) | |
|---|---|
| Annual | $405 |
| Annual Per SF | $0.08 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,690 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $160,963 |
| Annual Per SF | $32.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,342 |
| Annual Per SF | $3.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,229 |
| Annual Per SF | $7.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,571 |
| Annual Per SF | $10.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $106,392 |
| Annual Per SF | $21.28 |
PROPERTY FACTS
| Price | $1,543,500 CAD | Building Class | C |
| Price Per Unit | $154,350 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.89% | 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 | $1,543,500 CAD |
| Price Per Unit | $154,350 CAD |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| 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 | $886,708 CAD (2025) |
| Land Assessment | $174,175 CAD (2025) | Annual Taxes | $18,342 CAD ($3.67 CAD/SF) |
| Improvements Assessment | $712,533 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0478-214-09
Land Assessment
$174,175 CAD (2025)
Improvements Assessment
$712,533 CAD (2025)
Total Assessment
$886,708 CAD (2025)
Annual Taxes
$18,342 CAD ($3.67 CAD/SF)
Tax Year
2024
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15564 Hesperia Rd
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