16518 Avalon Avenue, Victorville, CA 92395
16518 Avalon Avenue, Victorville, CA 92395
16518 Avalon Avenue, Victorville, CA 92395
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Sean Hwangbo • TNG REAL ESTATE CONSULTANTS
$3,180,000
Est. payment /mo
15,345 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 15,345 sqft

Price per Sqft $207

MLS Listing ID CV-26126117

Year Built 1985

Lot Size 1.180 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property Description

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. HIGHLIGHTS: Located in Opportunity Zone | Built 1985 | 100% Two-Bedroom One-Bathroom Units Updated with Double-Pane Windows & Dual-Glass Patio Doors (Select Units) | 80% of the Units Upgraded with Vinyl Plank Flooring & Bathtubs with Modern Finishes. $400,000 CapEx Improvements on Interior/Exterior. Located in a Single-Family Residential Neighborhood | Within Proximity to Brightline West High-Speed Rail Terminal to Provide Rail Service between California & Las Vegas, Nevada. Individually Metered for Gas & Electricity | Private Patios/Balconies for All Units. On-Site Laundry Facility (Machines Owned) | Detached Private Garages & Ample Open Space Parking. 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 subject property consist entirely of two bedroom units with 853 square feet of living space. Units are individually metered for gas & electricity with amenities that include(s): dual-pane windows, dual-glass patio doors, vinyl plank flooring & bathtubs (most units), copper plumbing, detached enclosed garages, open space parking, laundry facility, swimming pool (not in use), and balconies/patios. The strong demand for rentals in the area is evidenced by its historical occupancy as it caters to families & working professionals alike. With significant value-add potential coupled with growing demand for this submarket, the offering presents investors the opportunity to acquire an appreciating, cash flowing asset with additional upside through continued renovation & proactive management to capture upside in rents achievable at the property.

Location

State CA

County San Bernardino

Area Vic - Victorville

Interior

Heating Central

Flooring Vinyl

Laundry Community, Individual Room

Exterior

Parking Features Garage

Garage Spaces 18.0

Pool Community

Community Features Street Lights, Suburban, Valley

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description 16-20 Units/Acre

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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16518 Avalon Avenue