16518 Avalon Avenue, Victorville, CA 92395
  • MLS#: CV25087291 ( Apartment )
  • Street Address: 16518 Avalon Avenue
  • Viewed: 3
  • Price: $3,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 0
  • Days On Market: 34
  • Additional Information
  • County: SAN BERNARDINO
  • City: Victorville
  • Zipcode: 92395
  • Provided by: RE/MAX TIME REALTY
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • 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 is located in Opportunity Zone & 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 Marys 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 15345.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 17
Electric Expense
  1. 2500.00
Fuel Expense
  1. 520.00
Garage Spaces
  1. 18.00
Gardner Expense
  1. 3000.00
Insurance Expense
  1. 13500.00
Laundry Features
  1. Individual Room
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 188220.00
Number Of Separate Electric Meters
  1. 19
Number Of Separate Gas Meters
  1. 19
Parcel Number
  1. 0478061390000
Pest Control Expense
  1. 1350.00
Pool Features
  1. Private
Professionalmanagementexpense
  1. 14818.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436851078:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 108149.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 18.00
Water Sewer Expense
  1. 21000.00
Water Source
  1. Private
Year Built
  1. 1985
Year Built Source
  1. Public Records