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$960,000
Est. payment /mo
3 Beds
2 Baths
0.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26222718
Bedrooms 3
Lot Size 0.390 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction From Highway 18, head north on Apple Valley Road, turn left onto Tonekai Road, and continue to 15510 Tonekai Road.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0441221100000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP
Nearby School & Business
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