15510 Tonekai, Apple Valley, CA — listing photo 1
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FOR SALENew Listing

15510 Tonekai

Apple Valley, CA 92307
16,988 Lot Sq Ft
Built 1958
$960,000

Property Overview

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.

Home Details

Property type
Residential Income - Apartment
Year built
1958
Lot size
16,988 sq ft
Stories
1
Days on market
0
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Back Yard
  • Yard

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

15510 Tonekai

Apple Valley, CA 92307

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Frequently Asked Questions About 15510 Tonekai

Property type: Residential Income

The current asking price is $960,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 15510 Tonekai. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1958. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Apple Valley, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Apple Valley property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: DARREN CORREA
MLS ID: IVCORRDAR

Available property

$960,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.