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Jeffrey Walker

jeffrey@walkerpropertygroupca.com +1(949) 903-3731

$ 960,000

Est. payment | -/mo

0.39 Acres Lot

Save

$ 960,000

Est. payment | -/mo

Save

0.39 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26222718

HOA Y/N No

Year Built 1958

Lot Size 0.390 Acres

Property Sub-Type Apartment

Property Description

Excellent six-unit multifamily investment opportunity located at 15510 Tonekai Road in Apple Valley, CA. Offered at $960,000 ($160,000 per unit), the property features an attractive 6.50% current CAP rate with upside to a 7.23% pro forma CAP rate. Built in 1958, the property consists of a single-story residential building totaling approximately 4,502 rentable square feet on a 0.39-acre lot. The desirable unit mix includes four 2-bedroom/1-bath units and two 1-bedroom/1-bath units, with spacious and functional floor plans. The property generates approximately $102,000 in annual scheduled rental income, with potential to increase to $110,400 at projected market rents. Additional features include onsite parking, stucco construction, and a low-density residential setting. Conveniently located near shopping, dining, healthcare facilities, and major employment centers throughout Apple Valley and the greater Victor Valley. An attractive opportunity to acquire an established income-producing multifamily asset with rental upside and long-term investment potential.

Location

State CA

County San Bernardino

Area Appv - Apple Valley

Interior

Fireplace No

Laundry Washer Hookup

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description Back Yard, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0441221100000

Energy Description 2125.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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15510 Tonekai Apple Valley, CA 92307