Property Detail
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.
Map Location
Listing provided courtesy of DARREN CORREA of LE INVESTMENT GROUP. Last updated . Listing information © 2026 SANDICOR.
Angelica Wallace
Real Estate Professional
CA DRE# 01393526
10755 Scripps Poway Parkway, Suite 521
San Diego, CA 92131
(619) 772-2054
Inquire Now
CA DRE# 01393526
BROKER# 01177812
10755 Scripps Poway Parkway, Suite 521 San Diego, CA 92131
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