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16221 Vasquez Ave, Victorville, CA 92394

List Price: $2,246,000On Market FlagOn market
Jun 16, 202514,080 sqft0 beds0 baths
Listed by: Tadeh Minassian
License #: 01960390
Phone #: 818-468-9488
Signature Fine Estates, Inc.
Source:
CRMLS Logo
MLS #: 25552339

Property Description

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
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$12,015

TurboHome Estimated Value

$1,523,500

$108 sqft

High Valuation
$1,599,675
$114/sqft
Normal Valuation
$1,523,500
$108/sqft
Low Valuation
$1,447,325
$103/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$108/sqft$1,523,500

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