$899,000

For Sale

4 months ago

15521 4Th St, Victorville, CA

Name: 15521 4Th St, For Sale in Victorville - eXp Realty
Brand: Burton Commercial, Inc.
SKU: SW25272687
Price: 899000 USD

Condo

MLS® SW25272687

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage

HOA Fees

Taxes

Days Active 122

Approx. Age 1970

MLS® Number SW25272687

Property Address: 15521 4th St, Victorville, CA, 92395-3117

Average square foot calculated using Size range provided by listing agent.

Description

SEE APPRAISAL FOR $925, 000 ATTACHED!! Offering is 6 units in Victorville. Victorville is one of 3 major cities in Upper Desert. We're located 25 miles N/O San Bernardino. The Upper Desert comprises of 500, 000+/- people & has all major retail/office businesses. Major cities are Victorville, Apple Valley, & Hesperia. The Upper Desert multifamily market is very strong, low crime, attractive neighborhoods, & low vacancy rates! This Offering is located on E/S of Victorville, the most desirable area of Victorville, adjacent to the most prestigious area of Upper Desert, Desert Knolls. Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas/electric that tenants sign up and pay for. There are not other common area expenses, & landlord pays water and trash. All expenses are in SUPPLEMENTS 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. Complex heated by wall furnace & cooled by window AC's & swamp coolers. no need for landlord worrying about high cost replacement of AC's, & no need TENANT affording summer time cooling. Running a swamp cooler is like running a light bulb!! All tenants are in good standing and always pay rent on time! 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 9.72 Gross Rent Multiplier, a 8.33% Cap Rate, and a double digit 14.78% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $26, 569 ANNUALLY!!! At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112, 800, a 7.97 Gross Rent Multiplier, a 10.57% Cap Rate, and AN EYEOPENING ROBUST 25.99% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $46, 729 ANNUALLY!!! All financials, rent roll, rent comps, and income/ expenses, are located in SUPPLEMENTS attached. This multifamily has one of the highest returns in So Cal! SELLER IS MOTIVATED & READY TO DEAL! WE WENT INTO ESCROW RIGHT AFTER LISTING. BUYER DIDN'T QUALIFY BUT APPRAISAL WAS DONE & ATTACHED IN SUPPLEMENTS. APPRAISED FOR $925, 000!!! MUCH MORE THAN OUR ASKING PRICE!!

MLS® NumberSW25272687

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1970

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 8, 2025List Date

$899,000List Price

Commute

Commute

Starting Address

Destination Address

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