15521 4th Street, Victorville, California 92395, Victorville, 92395 - bed, bath
ACTIVE$919,000
15521 4th Street, Victorville, California 92395
0Bed
0Bath
4,230Sqft
14,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Capitalization Rate: The property boasts an excellent 7% Cap Rate, indicating strong potential for investor returns and outperforming traditional savings accounts.
Top Cons:
Older Construction: Built in 1954, the property's age, despite recent updates, may still present challenges with older infrastructure or require further modernization to meet contemporary tenant demands.
Compared to the nearby listings
Price:$919.0K vs avg $799.5K (+$119,500)50%
Size:4,230 sqft vs avg 4,930 sqft50%
Price/sqft:$217 vs avg $16950%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, this property has undergone significant updates, including a newer roof, updated electrical, and plumbing. The description states that 'most units being rehabbed for maximum profits' and are 'carefully maintained,' suggesting they are move-in ready for tenants. While the exterior images show a functional, older multi-unit property with some window AC units, the major system upgrades and interior rehabs (as described) align with the 'Good' criteria of being extensively renovated within a reasonable timeframe to be functional and well-maintained, despite the original build year. The lack of current interior photos is a drawback, but the text implies a condition suitable for immediate occupancy.
Year Built
1954
Close
-
List price
$919K
Original List price
$919K
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
CV25199928
Home ConditionGood
Features
View-
About this home
Excellent Cap Rate of 7%, this 6-unit investment opportunity in Victorville is conveniently located and a great living space for tenants and the option for the owner to live in one of the units. Better than your money sitting in the bank, this complex offers diversity with one single 3-bedroom 2-bath, a triplex featuring 3 1-bedroom 1-bathroom, and a duplex consisting of 1-bedroom 1-bath. With great returns, this complex is well maintained with a newer roof, updated electrical and plumbing, low maintenance landscape, and 2 parking spots for each unit. Each unit has a separate electric meter, making it easier and keeping expenses lower for the next owner. All of the tenants are in good standing and all of the units have been carefully maintained with most units being rehabbed for maximum profits. (Interior pictures shown are prior to tenants moving in.)
Nearby schools
2/10
Del Rey Elementary School
Public,•K-6•0.8mi
/10
Academy Of Performing Arts And Foreign Language
Public,•K-6•1.0mi
1/10
Lakeview Middle School
Public,•7-9•4.2mi
2/10
Victor Valley High School
Public,•9-12•0.6mi
Condition Rating
Good
Built in 1954, this property has undergone significant updates, including a newer roof, updated electrical, and plumbing. The description states that 'most units being rehabbed for maximum profits' and are 'carefully maintained,' suggesting they are move-in ready for tenants. While the exterior images show a functional, older multi-unit property with some window AC units, the major system upgrades and interior rehabs (as described) align with the 'Good' criteria of being extensively renovated within a reasonable timeframe to be functional and well-maintained, despite the original build year. The lack of current interior photos is a drawback, but the text implies a condition suitable for immediate occupancy.
Pros & Cons
Pros
High Capitalization Rate: The property boasts an excellent 7% Cap Rate, indicating strong potential for investor returns and outperforming traditional savings accounts.
Diversified Multi-Unit Income: A 6-unit complex with a mix of 3-bedroom and 1-bedroom units provides diversified rental income streams and the flexibility for owner-occupancy.
Recent Major System Upgrades: Significant capital improvements including a newer roof, updated electrical, and plumbing reduce immediate maintenance concerns and future capital expenditures for the new owner.
Low Operating Costs & Maintenance: Features like low-maintenance landscaping, separate electric meters for each unit, and 2 dedicated parking spots per unit contribute to lower owner expenses and easier management.
Well-Maintained with Stable Tenancy: The complex is well-maintained, with most units recently rehabbed for maximum profit, and all tenants are reported to be in good standing, ensuring stable occupancy and income.
Cons
Older Construction: Built in 1954, the property's age, despite recent updates, may still present challenges with older infrastructure or require further modernization to meet contemporary tenant demands.
Low-Rated Local Schools: Several nearby schools have low ratings, which could be a deterrent for family-oriented tenants and potentially limit the property's long-term appeal or rental growth in that demographic.
Dated Interior Imagery: The listing explicitly states interior pictures were taken 'prior to tenants moving in,' suggesting the current condition of the units may differ and require thorough physical inspection.