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Millman Team Real Estate

$1,300,000
0.47 Acre Lot

16395 Village, Victorville, California 92394

  • Residential Income Property Type
  • 1985 Year Built
Property Description

Excellent eight-unit multifamily investment opportunity located at 16395 Village Drive in Victorville, CA. Offered at $1, 300, 000 ($162, 500 per unit), the property features an attractive 7.07% current CAP rate with upside to a 7.39% pro forma CAP rate. Built in 1985, the property consists of two residential buildings totaling approximately 5, 460 rentable square feet on a 0.47-acre lot. The desirable unit mix consists entirely of eight 2-bedroom/1-bathroom units, each averaging approximately 675 square feet. The property generates $144, 000 in annual scheduled rental income, with potential to increase to $148, 800 at projected market rents. Additional features include onsite parking, covered carports, air conditioning, and stucco construction. Conveniently located near Interstate 15, Southern California Logistics Airport, shopping, dining, and major employment centers throughout the Victor Valley. An attractive opportunity to acquire an established income-producing multifamily asset with strong in-place cash flow, rental upside, and long-term investment potential.

Basic Details
Residential Income
For Sale
IV26222732
$1,300,000
1985
0.47 Acre
Active
1
Apartment
Features
: None
: Common Area
: Septic Tank
$0
Address Map
CA
San Bernardino
Victorville
92394
Village
16395
W118° 39' 45.6''
N34° 32' 55.5''
From I-15, exit Mojave Drive and head west. Turn right onto Village Drive and continue to 16395 Village Drive, Victorville, CA 92394.
VIC - Victorville
Additional Information
$0
$0
$0
$0
$0
5460
: Sidewalks
1
: Two
: Yard
8
2026-10-13
2
2
: Public
Broker/Agent Information
LE INVESTMENT GROUP
DARREN CORREA
Listing Information
IVCORRDAR
IVLEIN
Cash, Cash to New Loan, Conventional
Active
2026-10-14T01:53:45Z
CRMLS
: Standard
2026-10-13T18:43:00Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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