8914 I Avenue
Property Overview
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.
Home Details
- Property type
- Residential Income
- Year built
- 1992
- Living area
- 6,912 sq ft
- Lot size
- 32,524 sq ft
- Parking
- 8 spaces
- Garage
- 16 spaces
- Stories
- 1
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Microwave
Parking
- Door Multi
- Garage
Location & Neighborhood
Frequently Asked Questions About 8914 I Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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