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$ 960,000
Est. payment | /mo
0.39 Acres Lot
$ 960,000
Est. payment | /mo
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
Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621