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15563-15575 5th St

6 Unit Block of Flats £670,650 (£111,775/Unit) 7.24% Net Initial Yield 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 Annual Per SF
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
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £670,650
Price Per Unit £111,775
Sale Type Investment
Net Initial Yield 7.24%
Gross Rent Multiplier 10.1
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,319 SF
Average Occupancy 100%
Number of Floors 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
£80,581 (2024)
Improvements Assessment
£483,486 (2024)
Total Assessment
£564,067 (2024)

zoning

Zoning Code SP
SP
  • Listing ID: 34008031

  • Date on Market: 26/11/2024

  • Last Updated:

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

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