8-Unit Apartment
For Sale
$1,300,000
16395 Village, Victorville, CA 92394
Eight two-bedroom residences are arranged across two buildings with on-site parking and covered carports.
Property Size5,460 SF
Lot Size0.47 Acres
Price / SF$238.10
Days on Market11
Property Features for 16395 Village
General Information
Standard status
Active
Size
5,460 SF
Net Rentable
5,460 SF
Lot size
0.47 Acres
Property subtype
Residential Income
Financials
Asking Price
$1,300,000
Cap Rate
7.07%
Gross Income
$144,000
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Amenities
onsite parking
covered carports
air conditioning
Building Details
Building Size
5,460 SF
Year Built
1985
Buildings
2
Stories
2
Units
8
Construction
stucco
Listing Agency:
LE INVESTMENT GROUP
(909) 256-7889
Listed By:
DARREN CORREA · License #02066621
(714) 310-2840
Source:
Carealestatecenter
Added: Oct 13
Changed: Oct 22
Last Checked: Oct 22 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LE INVESTMENT GROUP
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Investment Insights
Based on property information with market context.
Built in 1985, the property comprises two residential buildings with eight apartments totaling 5,460 square feet on a 0.47-acre lot. Each residence has two bedrooms and one bathroom, with an average size of approximately 675 square feet. Site features include air conditioning, on-site parking, and covered carports; the buildings have stucco construction.
The property is in Victorville, near Interstate 15, Southern California Logistics Airport, shopping, dining, and employment centers across the Victor Valley. The reported current cap rate is 7.07%, with a pro forma cap rate of 7.39%.
The property is in Victorville, near Interstate 15, Southern California Logistics Airport, shopping, dining, and employment centers across the Victor Valley. The reported current cap rate is 7.07%, with a pro forma cap rate of 7.39%.
Key Highlights
- Eight apartments, all with two bedrooms and one bathroom
- Two residential buildings totaling 5,460 square feet
- 0.47‑acre lot; units average approximately 675 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,117
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,340
$1.1M
Cap Rate 7%
$787,386
$787.4K
Cap Rate 9%
$612,411
$612.4K
Market Conditions
NOI Build-Up for 5,460 SF
Gross rent
$105.5K $19.32/SF
− Vacancy
−$5.3K −$0.97/SF
EGI
$100.2K $18.35/SF
− OpEx
−$45.1K −$8.26/SF
NOI
$55.1K $10.09/SF
Area
Victorville, CA
Vacancy
5.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,340
Cap Rate 7%
$787,386
Cap Rate 9%
$612,411
Alternative Uses
Best Use
Apartment 5plus
$787.4K
$689.0K – $918.6K
NOI $55,117 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,970 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 92394, CA
41,057
Population
10,217
Households
4
Avg Household Size
32
Median Age
13%
College-Educated
76%
High-School Grad
32.0 sq mi
ZIP Area
1,283
Density / Sq Mi
$75,430
Median Household Income
$37,532
Median Earnings
$1,564
Median Rent
$340,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom residences are arranged across two buildings with on-site parking and covered carports.
Where is this apartment building located?
The property is located at 16395 Village Victorville, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Eight apartments, all with two bedrooms and one bathroom; Two residential buildings totaling 5,460 square feet; 0.47‑acre lot; units average approximately 675 square feet
