This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

15563-15575 5th St

6 Unit Apartment Building $1,193,978 CAD ($198,996 CAD/Unit) 7.24% Cap Rate Victorville, CA 92395

Investment Highlights

  • Near hwy 15
  • Victorville has low vacany rates.

Executive Summary

This six unit apartment was built in 1940 and consists of (3) 2bed/1bath, (1) 2bed/1bath single family home, and (2) 1bed/1bath for a total of (6) units located in Victorville, California. In addition the property is within a five minute drive to stores such as The Home Depot, Starbucks, In N Out, Costco, Big Lots, Food 4 Less, Harbor Freight Tools, 99 Cents Only Stores, DD's Discounts, Auto Zone and many more. Don't miss out in owning this sixplex in Downtown Victorville! Loan quote is based off a residnetial DSCR loan.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,193,978 CAD
Price Per Unit $198,996 CAD
Sale Type Investment
Cap Rate 7.24%
Gross Rent Multiplier 10.1
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,319 SF
Average Occupancy 100%
No. Stories 2
Year Built 1940
Parking Ratio 2.11/1,000 SF
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
2+1 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0478-223-11
Land Assessment
$143,878 CAD (2024)
Improvements Assessment
$863,269 CAD (2024)
Total Assessment
$1,007,147 CAD (2024)

zoning

Zoning Code SP
SP
  • Listing ID: 34008031

  • Date on Market: 2024-11-26

  • Last Updated:

  • Address: 15563-15575 5th St, Victorville, CA 92395

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}