Victorville Multifamily for Sale - Mojave River Valley
This Offering is 6 units located in Victorville.
Victorville is one of the three major cities in an area commonly known as the Upper Desert. The Upper Desert is approximately 25 miles north of San Bernardino. The Upper Desert comprises of approximately 500,000 people and is totally self sufficient containing all the major retailers, office businesses, and a major hub for industry. If you live in the Upper Desert, you don't have to leave that area for anything.
The Upper Desert multifamily market is very strong! The attractiveness is that one can live in an attractive low crime area, with all the comforts/convenience of any other area in Southern California, and pay less for rent and other expenses. Therefore, the demand for renting in the Upper Desert is high, the supple is low, and therefore vacancy rates are very low!!
This Offering is located on the east side of Victorville, The east side of Victorville is the most desirable area of Victorville, located adjacent to the most prestigious area of the Upper Desert, the Desert Knolls area of Apple Valley.
This Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas and electric that tenants sign up and pay for. There are not other common area expenses, and landlord pays water and trash. All expenses are detailed in the MARKET PACKAGE attached.
This complex has the following fine amenities.
*Newer roofs.
*Updated plumbing/electric
*Newer tile floors.
*Updated appliances.
*Updated cabinetry.
*All units have been rehabbed.
*Laundry room.
*Laundry hook ups.
*Private tenant yards.
* 15 parking stalls
*Ceiling fans throughout.
*Beautiful low maintenance/cost landscaping.
The complex is heated by wall furnace, and cooled by window AC's and swamp coolers. Therefore no need for landlord worrying about high cost replacement of AC's, and no need to worry about tenant affording cooling in the summer time. Running a swamp cooler is like running a light bulb!!
All tenants are in good standing and always pay rent on time!
THIS COMPLEX REALLY PERFORMS! PLEASE SEE THE FOLLOWING GREAT RETURNS AT ACTUAL AND MARKET RENTS:
At actual rents, WE'RE PERFORMING AT A POSITIVE CASH FLOW! We're putting out an annual gross income of $92,460, a 9.94 Gross Rent Multiplier, a 8.13% Cap Rate, and a double digit 13.76% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $25,295 ANNUALLY!!!
At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112,800, a 8.15 Gross Rent Multiplier, a 10.32% Cap Rate, and AN EYEOPENING ROBUST 24.73% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $45,455 ANNUALLY!!!
All financials, rent roll, rent comps, and income/ expenses, are located in the MARKETING PACKAGE attached.
A BUYER RECENTLLY APPLIED FOR A LOAN & TRIED TO BUY. EVEN THOUGH HE DIDN'T QUALIFY, THE BANK HAD AN APPRAISAL DONE ON JANUARY 2026 FOR $925,000!!! MORE THAN OUR ASKING PRICE!! YOU CAN VIEW THIS APPRAISAL WHICH IS ATTACHED, LABELED "VERY RECENT APPRAISAL" ATTACHED!!!
I HAVE CHECKED AND THIS IS UNDOUBTEDLY THE BEST PERFOMING MULTIFAMILY PROPERTY IN SOUTHERN CALIFORNIA!!!
