Apartment
New
For Sale
$2,200,000
17450 Sequoia, Hesperia, CA 92345
Built in 1985, this apartment property is located in Hesperia.
Property Size12,002 SF
Days on Market5
Property Features for 17450 Sequoia
General Information
Standard status
Active
Size
12,002 SF
Total Parking Spaces
22
Property subtype
Residential Income
Net Operating Income
$160,164
Amenities
Pool
Building Details
Building Size
12,002 SF
Year Built
1985
Buildings
2
Stories
2
Listing Agency:
REALICORE
Listed By:
David Friedman · License #01909018
(909) 810-2108
Source:
Evrealestate
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:46PM
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 REALICORE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The apartment property at 17450 Sequoia in Hesperia, California, was built in 1985. The property is in San Bernardino County.
Key Highlights
- Built in 1985
- Located at 17450 Sequoia, Hesperia, CA 92345
- Situated in San Bernardino County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,698
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,153,960
$3.2M
Cap Rate 7%
$2,252,829
$2.3M
Cap Rate 9%
$1,752,200
$1.8M
Market Conditions
NOI Build-Up for 12,002 SF
Gross rent
$302.5K $25.20/SF
− Vacancy
−$15.7K −$1.31/SF
EGI
$286.7K $23.89/SF
− OpEx
−$129.0K −$10.75/SF
NOI
$157.7K $13.14/SF
Area
Hesperia, CA
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,153,960
Cap Rate 7%
$2,252,829
Cap Rate 9%
$1,752,200
Alternative Uses
Best Use
Apartment 5plus
$2.25M
$1.97M – $2.63M
NOI $157,698 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,273 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1985, this apartment property is located in Hesperia.
Where is this apartment building located?
The property is located at 17450 Sequoia Hesperia, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Built in 1985; Located at 17450 Sequoia, Hesperia, CA 92345; Situated in San Bernardino County
