Victorville, CA 92394,16221 Vasquez Avenue
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Victorville, CA 92394,16221 Vasquez Avenue
Victorville, CA 92394,16221 Vasquez Avenue
Victorville, CA 92394,16221 Vasquez Avenue
Victorville, CA 92394,16221 Vasquez Avenue
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16221 Vasquez Avenue Victorville, CA 92394

14,080 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 14,080 sqft

Price per Sqft $155

MLS Listing ID CL25552339

HOA Y/N No

Year Built 1985

Lot Size 0.808 Acres

Acres 0.81

Property Sub-Type Other

Property 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 of

Location

State CA

County San Bernardino

Interior

Heating Other

Cooling Central Air

Fireplace No

Building

New Construction No

Others

Tax ID 0395052110000


Bridge MLS
Listed by Tadeh Minassian • Signature Fine Estates, Inc.
agent

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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16221 Vasquez Avenue