16010 Olive, Hesperia, California 92345, Hesperia, 92345 - 0 bed, 0 bath
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Hesperia, California 92345
This Triplex Income Asset presents a High-Potential Investment Opportunity at a List Price of $589,900, representing a stable market entry aligned with its $578,669 Fair Market Value. Built in 1979 with a Condition Rating of 4, the property features three 2-bedroom units, each equipped with private backyards and single-car garages. Investors can drive ROI through Value-Add Potential by activating the unused laundry facility and storage unit for ancillary income. This functional multi-family property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16010 Olive Subject | $589,900* List Price | 0 | 0 | 2,262 | $256 | - |
A 16535 Pine St Sold | $520,000 | 0 | 0 | 2,008 | $259 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this triplex is in functional condition but shows its age. While some interior areas have been refreshed with newer laminate flooring and paint, the kitchen features dated cabinetry, laminate countertops, and older vinyl flooring. The presence of popcorn ceilings and the unlandscaped dirt yards further reflect a property that has been maintained through regular upkeep but lacks a comprehensive modern renovation.
The property includes an unused owner's storage unit and a dedicated laundry room, providing a clear path for investors to generate additional ancillary income.
Each unit features its own private backyard and a single-car garage, which are premium features for renters that help ensure high occupancy rates and tenant retention.
Beyond the private garages, the property offers significant extra parking accommodations and a large courtyard, enhancing the overall functionality and appeal for multi-tenant living.
Built in 1979, the property may require near-term capital expenditures for maintenance or upgrades to major systems to ensure long-term operational efficiency.
With all three units sharing an identical 2-bedroom, 1-bathroom configuration, the property lacks the floor plan variety needed to attract a broader range of tenant demographics.
Great Opportunity to add this Triplex to your portfolio! This property consists of three units all 2 bedrooms, One bathroom each. Individual backyards, large courtyard for the tenants to gather around, each unit has its own single car garage, with plenty of extra parking accommodations. There is an extra owner's storage unit and individual laundry room currently not being used that could generate additional income. They say opportunity knocks twice, is this your first or second time? Don't let this one pass you by!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,262 | 2,072 | 57% |
| Lot Size | 11,250 | 7,500 | 57% |
| Price | $589.9K | $520.0K | 57% |
| Price per sq ft | $261 | $259 | 57% |
| Built year | 1979 | 1984 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 84 | 14% |
Mar 30, 2026
$589,900
Initial Listing
May 11, 2022
$475,000
Public Record
Dec 19, 2006
$389,000
Public Record