Victorville 8-Units

Le Investment Group is proud to present an eight-unit multifamily investment opportunity at 16395 Village Drive in Victorville. Built in 1985, the property consists of two two-story residential buildings totaling approximately 5,460 rentable square feet on approximately 0.47 acres. The consistent unit mix features eight two-bedroom/one-bath units averaging about 675 square feet. Current scheduled rental income is approximately $144,000 annually, compared with approximately $148,800 at analyzed market rents, which leaves room to grow revenue as rents move toward market. The property is offered at $1,300,000. It sits near the Southern California Logistics Airport, a 5,000+ acre aviation and industrial hub supporting employers such as Boeing, General Atomics, GE Aviation and Keurig Dr Pepper. With Interstate 15 access to the Inland Empire and beyond, this is a strong chance to own workforce housing in the growing Victor Valley market.