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SEE APPRAISAL! SEE APPRAISAL! This 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, and low vacancy rates! This Offering is located on E/S of Victorville, the most desirable area of Victorville, located 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 9.94 Gross Rent Multiplier, a 9.13% Cap Rate, and a double digit 13.76% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $25,295 ANNUALLY!!! At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112,800, a 8.15 Gross Rent Multiplier, a 10.32% Cap Rate, and AN EYEOPENING ROBUST 24.73% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $45,455 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!!! MORE THAN OUR ASKING PRICE!!
Property Type(s):
Residential Income
| Last Updated | 2/3/2026 | Year Built | 1970 |
|---|---|---|---|
| Community | VIC - Victorville | County | San Bernardino |
Price History
| Prior to Feb 3, '26 | $939,000 |
|---|---|
| Feb 3, '26 - Today | $919,000 |
Additional Details
| AREA | VIC - Victorville |
|---|---|
| LOT | 0.326 acre(s) |
| LOT DIMENSIONS | 14200 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Burton Commercial, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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