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Listed by: DARREN CORREA (714) 310-2840 DRE #02066621 | LE INVESTMENT GROUP (909) 256-7889
$960,000
Monthly Est:$4,778
3 Beds
2 Baths
4,502sqft
15510 Tonekai, Apple Valley, CA 92307
$960,000
$4,778/moEst:
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Apartment
Built in 1958
$-- HOA
0.39 acre lot
$213/sq.ft
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.
- Houzeo last checked: 3 hours ago
- Listing updated: October 14, 2026 at 1:33 am
- Source: California Regional MLS-CA | MLS#: IV26222718
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1958
HOA Fees
-
Finished Area
4,502 sqft
Lot Size
0.39 acre lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
IV26222718
MLS Status
Active
Days on Market
14
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Sewer
Public Sewer
Utilities & Energy
Laundry Features
Washer Hookup
Pool Features
None
Water Source
Public
Other Features
Community Features
Curbs, Sidewalks
Lot Features
Back Yard, Yard
Price History
| Date | Event | Price |
|---|---|---|
10/13/2026 Source: | Listed for Sale | $960,000 $213/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 28, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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