$960,000
 $5,153 est/mo Sourced by Back At You

15510 Tonekai,Apple Valley, CA 92307

Apple Valley, CA 92307

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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.

Details

MLS #IV26222718
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1958
Days On Site11
Listing Provided ByLE INVESTMENT GROUP | DARREN CORREA

Features

SQ Feet4,502
Story(s)1
Units6
Building(s)1
Acreage0.39

Exterior

Lot FeaturesBack Yard, Yard

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Sidewalks

Area Information

StateCA
CountySan Bernardino
CityApple Valley
Zip Code92307
AreaAPPV Apple Valley
Listing VS Median (in 92307)
Price:
$960,000
low | high
Med:
$496,000
98.333333333333% of Average
sqft:
4,502
low | high
Med:
2,050
100% of Average
$ / sqft:
$213
low | high
Med:
$243
36.009557738521% of Average
On site:
11
low | high
Med:
20.5
53.658536585366% of Average
Sourced by Back At You

Market Activity 92307

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountySan Bernardino
CityApple Valley
Zip Code92307
AreaAPPV Apple Valley
Listing VS Median (in 92307)
Price:
$960,000
low | high
Med:
$496,000
98.333333333333% of Average
sqft:
4,502
low | high
Med:
2,050
100% of Average
$ / sqft:
$213
low | high
Med:
$243
36.009557738521% of Average
On site:
11
low | high
Med:
20.5
53.658536585366% of Average
Sourced by Back At You
Listing Updated: October 13, 2026 at 5:45:55 PM PDT