
Victorville, California 92395
This Quadruplex Residential Income property is a High-Potential Investment Opportunity, listed at $719,000—positioned well below the $836,014 Fair Market Value by 13%. This valuation gap offers $117,014 in Instant Equity for the buyer. With a Condition Rating of 3, the property features recent exterior paint and two updated units, providing immediate rental income. Its strategic location near Interstate 15 ensures strong tenant demand. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset housing expenses.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16450 Lariat Subject 0 bd · 0 ba · 2,767 sqft · $303 | $719,000* List Price | 0 | 0 | 2,767 | $303 | - |
A 14703 Mesa Sold 3 bd · 3 ba · 1,830 sqft · $322 · 0.7 mi | $590,000 | 3 | 3 | 1,830 | $322 | 0.7 mi |
B 14703 Mesa Sold 0 bd · 0 ba · 1,830 sqft · $322 · 0.7 mi | $590,000 | 0 | 0 | 1,830 | $322 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989, the property is well-maintained with two of the four units recently updated featuring new marble-style flooring, fresh paint, and modernized bathroom vanities. While the building is 35 years old, the recent interior renovations and exterior paint make it move-in ready and functional, though some dated elements like popcorn ceilings remain.
With three of the four units currently leased, the property offers immediate rental income and the flexibility for owner-occupancy in the final unit to offset housing expenses.
The property features two updated units and recent exterior paint, reducing the immediate need for maintenance and enhancing its overall curb appeal.
Situated near Interstate 15 and local amenities, the property is well-positioned to attract tenants working in the growing High Desert logistics and business sectors.
The listing price of $719,000 represents a significant increase from its early 2024 sale price of $535,000, which may require a higher down payment to achieve desired cap rates.
Accommodating four units and garage parking on a 6,900 square foot lot results in limited private outdoor space for individual tenants.
Discover a versatile income-producing opportunity in the heart of Victorville! Three of the property’s four units are currently leased, providing immediate rental income with the opportunity to lease the fourth unit or use it for future owner occupancy. Live in one unit while renting the remaining three to help offset monthly housing expenses. Two units have been updated, and the property also features recent exterior paint, garage parking, convenient on-site laundry, and a practical combination of single- and two-story living spaces. Conveniently located near shopping, dining, schools, parks, and everyday services, the property offers easy access to Interstate 15, connecting residents to surrounding High Desert communities and Southern California employment centers. Victorville is known for its open desert landscape, growing business and logistics sectors, Route 66 history, and convenient access to outdoor recreation throughout the Mojave River corridor. Whether expanding an investment portfolio or exploring a live-in investment strategy, 16450 Lariat Road offers income potential, flexibility, and a central Victorville location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,767 | 2,124.8 |
| Lot Size | 6,900 | 13,792.2 |
| Price | $719.0K | $549.0K |
| Price per sq ft | $260 | $273 |
| Built year | 1989 | 1965 |
| HOA | $0 | $0 |
| Days on market | 63 | 82 |
Aug 22, 2026
$719,000
Initial Listing
Jan 3, 2024
$535,000
Public Record
Oct 5, 2023
$400,000
Public Record
Jan 5, 1999
$71,000
Public Record