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Apartment - Victorville, CA
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 thro...
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.
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