15521 4th St Victorville, CA 92395
Highlights
- Laundry Room
- Foothills
- 1-Story Property
About This Home
SEE APPRAISAL! SEE APPRAISAL!
This Offering is 6 units in Victorville.
Victorville is one of 3 major cities in Upper Desert. We're located 25 miles N/O San Bernardino. The Upper Desert comprises of 500,000+/- people & has all major retail/office businesses. Major cities are Victorville, Apple Valley, & Hesperia. The Upper Desert multifamily market is very strong, low crime, attractive neighborhoods, and low vacancy rates! This Offering is located on E/S of Victorville, the most desirable area of Victorville, located adjacent to the most prestigious area of Upper Desert, Desert Knolls.
Offering consists of one 3 bedrooms 2 baths, and five 1 bedrooms 1 baths. All units have separately metered gas/electric that tenants sign up and pay for. There are not other common area expenses, & landlord pays water and trash. All expenses are in SUPPLEMENTS attached.
This complex has the following fine amenities.
*Newer roofs
*Updated plumbing/electric
*Newer tile floors
*Updated appliances
*Updated cabinetry
*All units have been rehabbed.
*Laundry room.
*Laundry hook ups.
*Private tenant yards.
* 15 parking stalls
*Ceiling fans throughout.
*Beautiful low maintenance/cost landscaping.
Complex heated by wall furnace & cooled by window AC's & swamp coolers. no need for landlord worrying about high cost replacement of AC's, & no need TENANT affording summer time cooling. Running a swamp cooler is like running a light bulb!!
All tenants are in good standing and always pay rent on time!
COMPLEX REALLY PERFORMS! PLEASE SEE THE FOLLOWING GREAT RETURNS AT ACTUAL AND MARKET RENTS:
At actual rents, WE'RE PERFORMING AT A POSITIVE CASH FLOW! We're putting out an annual gross income of $92,460, a 9.94 Gross Rent Multiplier, a 9.13% Cap Rate, and a double digit 13.76% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $25,295 ANNUALLY!!!
At market rents, WE'RE POSITIVE CASH FLOW ON STERIODS! We're putting out an annual gross income of $112,800, a 8.15 Gross Rent Multiplier, a 10.32% Cap Rate, and AN EYEOPENING ROBUST 24.73% Cash on Cash return, or aka, A POSITIVE CASH FLOW OF $45,455 ANNUALLY!!!
All financials, rent roll, rent comps, and income/ expenses, are located in SUPPLEMENTS attached.
This multifamily has one of the highest returns in So Cal!
SELLER IS MOTIVATED & READY TO DEAL!
WE WENT INTO ESCROW RIGHT AFTER LISTING. BUYER DIDN'T QUALIFY BUT APPRAISAL WAS DONE & ATTACHED IN SUPPLEMENTS. APPRAISED FOR $925,000!!! MORE THAN OUR ASKING PRICE!!
Listing Agent
Burton Commercial, Inc. Brokerage Phone: 951-375-7433 License #01014173 Listed on: 12/08/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 14,200 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,200 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 6 / 4
- Tax Tract Number 6
- Assessor Parcel Number 0478231130000
- $278 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 6 Units
- Foothills
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $3,200
- Water Sewer Expense $5,580
- New Taxes Expense $9,390
- Operating Expense $18,170
- Gross Income $112,800
- Net Operating Income $94,630
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,217 | $87,609 | $23,053 | $64,556 |
| 2024 | $1,137 | $85,891 | $22,601 | $63,290 |
| 2023 | $1,114 | $84,207 | $22,158 | $62,049 |
| 2022 | $1,018 | $82,556 | $21,724 | $60,832 |
| 2021 | $999 | $80,937 | $21,298 | $59,639 |
| 2020 | $981 | $80,107 | $21,080 | $59,027 |
| 2019 | $965 | $78,537 | $20,667 | $57,870 |
| 2018 | $1,027 | $76,997 | $20,262 | $56,735 |
| 2017 | $1,006 | $75,488 | $19,865 | $55,623 |
| 2016 | $986 | $74,007 | $19,475 | $54,532 |
| 2015 | $951 | $72,895 | $19,182 | $53,713 |
| 2014 | $933 | $71,467 | $18,806 | $52,661 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2026 02/03/26 | Price Changed | $919,000 | -2.1% | $177 / Sq Ft |
| 12/08/2025 12/08/25 | For Sale | $939,000 | -- | $181 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW25272687
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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