$2,246,000

16221 Vasquez Ave Victorville, CA 92394

Estimated payment $14,543/month

Total Views 2,111
-- Bed
-- Bath
14,080 Sq Ft
$160 Price per Sq Ft

Highlights

  • 0.81 Acre Lot
  • Shed
  • Central Heating and Cooling System
  • 11 Car Attached Garage

About This Home

Presenting the exclusive opportunity to acquire The Vasquez Court Apartments located at 16221 Vasquez Ave. Built in 1984, The Vasquez Courts is comprised of eleven (11) townhouse-style units, each featuring a 2-bedroom, 2.5-bathroom layout. The uniform unit mix offers operational simplicity and consistent tenant demand, particularly among families and long-term renters seeking larger floorplans. The property has recently undergone significant capital improvements, including upgraded kitchens and bathrooms, new flooring, modern fixtures, fresh interior and exterior paint, and system enhancements, positioning the asset as a turn-key investment with minimal deferred maintenance. Currently, nine (9) of the eleven (11) units are occupied, generating in-place income with immediate upside through the lease-up of the remaining two (2) vacancies at market rents, and the additional opportunity to refurbish the laundry room for additional income. The property is not subject to local rent control, allowing for full rent optimization and increased NOI. Ideally located near I-15 and within close proximity to major retail, schools, and regional employers, The Vasquez Courts benefits from strong tenant demand and a favorable long-term outlook in the rapidly growing High Desert submarket. This offering represents a compelling opportunity for investors seeking a well-located, cash-flowing asset with value-add potential in one of Southern California's most dynamic secondary markets

Listing Agent

Tadeh Minassian

Signature Fine Estates, Inc. License #01960390 Listed on: 06/16/2025

Co-Listing Agent

Sahag Yedalian

Signature Fine Estates License #02220205

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Parking

  • 11 Car Attached Garage

Interior Spaces

  • 14,080 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Additional Features

  • Shed
  • 0.81 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 0395-052-11-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Presenting the exclusive opportunity to acquire The Vasquez Court Apartments located at 16221 Vasquez Ave. Built in 1984, The Vasquez Courts is comprised of eleven (11) townhouse-style units, each featuring a 2-bedroom, 2.5-bathroom layout. The uniform unit mix offers operational simplicity and consistent tenant demand, particularly among families and long-term renters seeking larger floorplans. The property has recently undergone significant capital improvements, including upgraded kitchens and bathrooms, new flooring, modern fixtures, fresh interior and exterior paint, and system enhancements, positioning the asset as a turn-key investment with minimal deferred maintenance. Currently, nine (9) of the eleven (11) units are occupied, generating in-place income upside, including additional laundry area that can be refurbished.
  • Living Area: 14080
  • Lot Acreage: 0.8081
  • Stories: 2
  • Year Built: 1985
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: Attached
  • Equipment: Range/Oven, Dishwasher
  • Price Per S Q F T: 159.52

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 11

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 92.00
  • Assessed Improvement Value: 722234
  • Assessed Land Percent: 8
  • Assessed Land Value: 62803
  • Total Assessed Value: 785037
  • Assessor Parcel Number: 0395-052-11-0000
  • Lot Size Area: 35200

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.34
  • Number Of Units: 11
  • Total Annual Expense: 51087
  • Type Of Units: Townhouse
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: Yes

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 For Sale $2,246,000 -- $160 / Sq Ft
Source: The MLS

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    Section Image

Source: The MLS

MLS Number: 25552339

The MLS