16221 Vasquez Avenue, Victorville, CA 92394
  • MLS#: 25552339 ( )
  • Street Address: 16221 Vasquez Avenue
  • Viewed: 2
  • Price: $2,246,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 0
  • Days On Market: 11
  • Additional Information
  • County: SAN BERNARDINO
  • City: Victorville
  • Zipcode: 92394
  • Provided by: Signature Fine Estates, Inc.
  • Contact: Tadeh Tadeh
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Presenting the exclusive opportunity to acquire The Vasquez Court Apartments located at 16221 Vasquez Ave. Built in 1984, The Vasquez Courts is comprised of eleven (11) townhouse style units, each featuring a 2 bedroom, 2.5 bathroom layout. The uniform unit mix offers operational simplicity and consistent tenant demand, particularly among families and long term renters seeking larger floorplans. The property has recently undergone significant capital improvements, including upgraded kitchens and bathrooms, new flooring, modern fixtures, fresh interior and exterior paint, and system enhancements, positioning the asset as a turn key investment with minimal deferred maintenance. Currently, nine (9) of the eleven (11) units are occupied, generating in place income with immediate upside through the lease up of the remaining two (2) vacancies at market rents, and the additional opportunity to refurbish the laundry room for additional income. The property is not subject to local rent control, allowing for full rent optimization and increased NOI. Ideally located near I 15 and within close proximity to major retail, schools, and regional employers, The Vasquez Courts benefits from strong tenant demand and a favorable long term outlook in the rapidly growing High Desert submarket. This offering represents a compelling opportunity for investors seeking a well located, cash flowing asset with value add potential in one of Southern California's most dynamic secondary markets
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Features
Appliances
  1. Dishwasher
Building Area Total
  1. 14080.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Two
Netoperatingincome
  1. 112222.00
Other Structures
  1. Shed(s)
Parcel Number
  1. 0395052110000
Postalcodeplus4
  1. 1232
Sourcesystemkey
  1. 25552339:CLAW
Totalexpenses
  1. 51087.00
Year Built
  1. 1985