Real Estate Analysis and Commentary in Victorville

August 5, 2025 - Apartment Sector in Victorville Old Town Village

From a land-planning view, duplexes, triplexes, quadruplex and apartment complexes maximizes land-use efficiency and reduces sprawl. They help to create a customer base for shops, restaurants, and services by generating foot traffic throughout the day and evening. 

This property types concentrates more people into a smaller foot print. They can integrate more smoothly with mixed-uses allowing for retail, office and services to co-exist with housing units. This use allows for more housing per acre making every dollar of land more productive This also allows for reducing the need for new roads and utilities infrastructure. 

This type of housing accommodates:
1. Single people.
2. Couples without children.
3.. Small families.
4. Empty nesters.
5. Young adults who can not yet afford a house.
6. Lower housing costs options for nomadic or gig-economy workers.

This sector will typically have a higher turnover rate (30%-50%) annually in an urban rental market. 

The following is a summary of what exists in this district 
 

Type	Count	Units	Total GBA	Avg Unit	Newest	Oldest
Apartments:	10	65	37,002	569	1981	1940
Duplex:	16	32	19,277	602	1979	1900
Triplex:	14	42	17,545	418	1956	1920
Quadplex:	6	24	10,725	447	1966	1922
Total:	46	163	84549	519

Construction year ranges from 1900 to 1981 and the average unit size ranges from 418 to 602 square feet. None of these properties consist of mixed-use. 

Land density per unit ranges from 2,119 square feet to 3,187 square feet with an overall density of 2,670 square feet. Total land area is 9.99 acres. 

Existing Assessed Values = $12,392,299 with a tax amount of $137,432 or 1.11% of the assessed value. While this appears to be a significant amount it must be pointed out that only 5.1% (approximately) of the taxes go to the city with approximately 7.23% going to the county or approximately $16,973 (if the County contributes) could by used by the CRIA for projects. 

Discussion
There is vacant land in this district that could be utilized for developing additional living units. This may included mixed-use developments, age restricted (assisted living), affordable housing units, and market units. It will be interesting to follow the direction the City of Victorville chooses to follow regarding this land-use sector