$900,000

11875 A Avenue

Hesperia CA, 92345

Description

Attractive Current CAP Rate of 6.99%. Proforma Cap Rate of 7.98%, Offering an Actual GRM of 9.44 with a Proforma GRM of 8.17, Located Blocks From Desert Valley Hospital and Victor Valley College, Improvements to Include New Flooring, Paint, and Landscaping. The A Avenue Apartments are located at the major cross streets of Bear Valley Road and Hesperia Rd. The Property has accessible onsite parking (16 spaces) in the front. This eight unit apartment community is composed of (4) 1 bedroom / 1bath and (4) 2 bedrooms / 1 bedroom units that are approximately 520 sqft and 677 sqft. The owner has invested in recent capital improvements to include new tile flooring, paint, and landscaping. The Property is located just minutes from Desert Valley Hospital which is one of the top accredited Hospitals in the nation. The property is located blocks from major retail centers such as the Hi Desert Plaza and the Jess Ranch Marketplace. Hesperia's desert climate provides year-round access to many outdoor recreational activities. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.

Details

MLS#IV20193837
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1984
Days On Site75

Features

SQ Feet4,788
Units8
Building(s)1

Market Activity 92345

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Area Information
StateCA
CountySan Bernardino
CityHesperia
Zip Code92345
AreaHSP - Hesperia
Listing VS Median (in 92345)
Price:
$900,000
low | high
Med:
$299,999
100% of Average
SqFt:
4,788
low | high
Med:
0
100% of Average
$ / SqFt:
$188
low | high
Med:
$0
100% of Average
On Site:
75
low | high
Med:
125
60% of Average
Listing Updated: November 29, 2020 10:22:12 PM PST
ALBERT LE LogoMLS Number: IV20193837
Listing Provided By:
ALBERT LE  of  LE INVESTMENT GROUP
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.