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16518 Avalon Avenue, Victorville, CA 92395

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For Sale

$3,300,000

2 beds • 1 baths • 15,345 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $215.05
    Price per square foot

  • 31-40 Years Old
    Age

  • Pool
    Amenities

Explore this Property

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 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 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.
MLS# CV25087291

Courtesy Of RE/MAX Time

(909) 373-0880

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Pool
  • Architecture Style
    Other

Map and Directions

Directions to 16518 Avalon Avenue, Victorville, CA 92395

Home seller CENTURY 21 Rose Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Rose Realty

(760) 244-5481
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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