Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

6,912 sqft

Lot size

32,524 sqft

Year built

1992

Stories

1

Garage spaces

16

Cooling

Central Air

Status

Active

Days on market

0

MLS #

248992453

About this property

Eight unit multifamily property built in 1992 in Hesperia, California. All eight units are single-story, two-bedroom, two-bathroom residences, each offering many of the features typically found in a single-family home. These include spacious garages with direct interior access, private backyards, washer and dryer hookups, and central air conditioning. Two detached units at the rear of the property offer additional privacy and may appeal to an owner-occupant. Situated on a 32,524-square-foot (0.75-acre) lot, the property offers approximately 6,912 square feet of living space, along with additional on-site parking and separately metered gas and electricity. The property has been professionally managed and well maintained, with recently paved asphalt reflecting pride of ownership. Located near Main Street in Hesperia, the property provides convenient access to shopping, restaurants, schools, and local services. Offered at $1,575,000, the property is priced at $196,875 per unit and $227.86 per square foot. The property offers a 6.08% current cap rate and a 10.67 GRM, with approximately 17.8% upside in rental income.

Location

8914 I Avenue

Hesperia, San Bernardino, CA, 92345