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100% 2 BR / 1BA UNITS 16518 Avalon Ave 18 Unit Apartment Building $4,349,222 CAD ($241,623 CAD/Unit) 6.14% Cap Rate Victorville, CA 92395
Investment Highlights
- Located in Federal Opportunity Zone | Built 1985 | 100% Two-Bedroom One-Bathroom Units Updated with Double-Pane Windows & Dual-Glass Patio Doors
- Proximity to Brightline West High-Speed Rail Terminal to Provide Rail Service to Las Vegas, NV | Located in a Single-Family Residential Neighbor
- On-Site Laundry Facility (Machines Owned) | Detached Private Garages & Ample Open Space Parking
- $400,000 CapEx Improvements on Interior/Exterior | 80% of the Units Upgraded with Vinyl Plank Flooring & Bathtubs with Modern Finishes
- Individually Metered for Gas & Electricity | Private Patios/Balconies for All Units | Gated Pool on Premises (Currently Not in Use)
- Easy Connectivity to Surrounding Employment Centers by Way of Interstate 15 & State Route 18
Executive Summary
We are pleased to exclusively present an 18-unit multifamily investment property located in the City of Victorville, California. Situated on 1.18 acres, the offering presents the opportunity for investors to acquire a value-add asset in one of the most desirable submarkets of the High Desert in the Inland Empire. The property is located within short commute to national/regional tenants that include Costco, Home Depot, WinCo Foods as well as St Mary’s Medical Center and within proximity to the future Brightline West High-Speed Rail Terminal provided rail service between California and Las Vegas, Nevada.
The community grants residents' easy access to the entire Victor Valley consisting of Adelanto, Apple Valley, Hesperia, and Victorville that consists of over 173,000 people within a 5-mile radius. Interstate 15 and State Route 18 grant convenient access to surrounding employment hubs throughout the Inland Empire, Los Angeles & Orange County regions.
The community grants residents' easy access to the entire Victor Valley consisting of Adelanto, Apple Valley, Hesperia, and Victorville that consists of over 173,000 people within a 5-mile radius. Interstate 15 and State Route 18 grant convenient access to surrounding employment hubs throughout the Inland Empire, Los Angeles & Orange County regions.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$423,647
|
$27.61
|
| Other Income |
$8,206
|
$0.53
|
| Vacancy Loss |
$21,183
|
$1.38
|
| Effective Gross Income |
$410,671
|
$26.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$143,842
|
$9.37
|
| Net Operating Income |
$266,829
|
$17.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $423,647 |
| Annual Per SF | $27.61 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,206 |
| Annual Per SF | $0.53 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,183 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $410,671 |
| Annual Per SF | $26.76 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $143,842 |
| Annual Per SF | $9.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $266,829 |
| Annual Per SF | $17.39 |
Property Facts
| Price | $4,349,222 CAD | Building Class | C |
| Price Per Unit | $241,623 CAD | Lot Size | 1.24 AC |
| Sale Type | Investment | Building Size | 15,345 SF |
| Cap Rate | 6.14% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $4,349,222 CAD |
| Price Per Unit | $241,623 CAD |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 15,345 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2024 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | $1,901 CAD | 853 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0478-061-39 | Improvements Assessment | $2,825,890 CAD |
| Land Assessment | $706,472 CAD | Total Assessment | $3,532,362 CAD |
Property Taxes
Parcel Number
0478-061-39
Land Assessment
$706,472 CAD
Improvements Assessment
$2,825,890 CAD
Total Assessment
$3,532,362 CAD
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100% 2 BR / 1BA UNITS | 16518 Avalon Ave
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