NEW 22 HRS AGO

Listed by DARREN CORREA •DRE #02066621 • LE INVESTMENT GROUP

Contact: 714-310-2840

For sale

$960,000

Est. $6,578/mo —

•

4,502

sq ft

15510 Tonekai, Apple Valley, CA 92307

About this home

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.

Multi-familyProperty Type

1958Year Built

0.39 acresLot Size

$213Price/Sq.Ft.

Listing updated: Oct 13, 2026 at 06:32pm

Redfin checked: a minute ago

•Source:CRMLS #IV26222718

Payment calculator

$6,578 per month

Principal and interest$5,370

Property taxes

$1,000

HOA dues

Home insurance

$208

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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OPEN SAT, 10AM TO 12PM
$439,000
2 beds3 baths1,224 sq ft
18738 Lemon St, Hesperia, CA 92345
OPEN SAT, 10AM TO 1PM
$649,900
4 beds3 baths2,965 sq ft
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4 beds2 baths1,248 sq ft
16480 Adelia St, Hesperia, CA 92345
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OPEN SAT, 12PM TO 3PM
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18465 Mountain Mdws, Victorville, CA 92395
OPEN SAT, 12PM TO 3PM
$435,000
4 beds2 baths1,811 sq ft
14720 Desert Star Rd, Apple Valley, CA 92307
OPEN SAT, 1PM TO 3PM
$449,900
4 beds2 baths2,374 sq ft
14968 Onyx Rd, Victorville, CA 92394
OPEN OCT 24, 11AM TO 3PM
$414,900
3 beds2 baths1,385 sq ft
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Around this home

Schools

K - 12
Preschool & daycare

Phoenix Academy

Public K-8 • Assigned • 0.4mi

1/10

Granite Hills High School

Public 9-12 • Assigned • 3.6mi

4/10

Provided by GreatSchools

About Mountain

Vista

Mountain Vista, located between Bear Valley Road and Highway 18, is a residential and desert-edge Apple Valley neighborhood with wide-sky views and a grid of broad arterials. The neighborhood’s character concentrates around the Bear Valley Rd & Apple Valley Rd crossroads, where low-slung plazas, local diners, and service storefronts set a practical, sunlit rhythm. Housing trends toward single-story ranch and contemporary tract homes with generous driveways and desert landscaping. Civic errands and community programming orbit the Apple Valley Town Center and the Apple Valley Branch Library. For a local night out, the stage at the Apple Valley Performing Arts Theater and the taps at High Desert Brewing Co. add a cultural counterpoint. Open-space breaks and trailheads near the Mojave River corridor keep the horizon present.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Bedrooms
One unit has 1 bedroom
One unit has 2 bedrooms

Bathrooms
Each unit has 1 full bathroom

Laundry & utility
Washer hookup

Sale and tax history for 15510 Tonekai

Sale History
Tax History

Date

Event

Price

CRMLS #IV26222718

Oct 13, 2026

Listed

$960,000

$213/sq ft

CRMLS #IV20153201

Sep 15, 2020

Listing Removed

—

Jul 31, 2020

Listed

$600,000

$133/sq ft

SDMLS #301758411

Aug 16, 2019

Sold

$440,000

$98/sq ft

Mar 28, 2019

Listed

$495,000

$110/sq ft

CRMLS #CV19065737

Aug 16, 2019

Sold

$440,000

$98/sq ft

Aug 15, 2019

Pending

—

May 29, 2019

Contingent

—

May 14, 2019

Price Changed

$495,000

$110/sq ft

Mar 28, 2019

Listed

$495,000

$110/sq ft

Mar 28, 2019

Listed

$550,000

$122/sq ft

Don't miss your opportunity to add this multi unit property to your investment portfolio! Ideally located near numerous shopping outlets, schools, restaurants and various services- this property is near the heart of the area. The makeup of this property is comprised of two single bedroom units and four two bedroom units, all having spacious living areas. The 1 Bedrooms units offer just over 600 Square Feet and the 2 Bedroom units are approximately 780 square feet. Fresh paint & newer artificial turf complete the exterior courtyard of this wonderful Six-plex. These units are well maintained, most featuring tile floors throughout, the units are turnkey and ready for new ownership! Call today for more information!

CRMLS #272300

Jul 1, 2005

Sold

$585,000

$130/sq ft

CRMLS #258027

Aug 2, 2004

Sold

$375,000

$83/sq ft

Public Records

Jul 23, 2001

Sold

$110,000

$24/sq ft

Public Records

Nov 22, 1996

Sold

$50,000

$11/sq ft

Public Records

Oct 3, 1996

Sold

$105,000

$23/sq ft

Public Records

Aug 1, 1995

Sold

$105,000

$23/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,253 (+2.8%)

$55,776 + $435,051

$490,827

2024

$6,081 (+1.0%)

$54,682 + $426,521

$481,203

2023

$6,020 (+1.6%)

$52,559 + $409,959

$462,518

2022

$5,927 (+2.3%)

$52,559 + $409,959

$462,518

2021

$5,793 (+1.3%)

$51,528 + $401,921

$453,449

2020

$5,720 (+8.6%)

$50,518 + $394,040

$444,558

2019

$5,266 (+7.5%)

$50,000 + $390,000

$440,000

2018

$4,898 (+8.1%)

$33,000 + $368,600

$401,600

2017

$4,532 (+18.1%)

$27,830 + $310,310

$338,140

2016

$3,839 (+13.4%)

$27,830 + $310,310

$338,140

2015

$3,384 (+8.4%)

$25,300 + $282,100

$307,400

2014

$3,122 (−61.7%)

$20,000 + $223,000

$243,000

2013

$8,148 (−0.9%)

$20,000 + $223,000

$243,000

2012

$8,223 (+2.2%)

$47,165 + $602,044

$649,209

2011

$8,048 (+0.2%)

$46,240 + $590,239

$636,479

2010

$8,031 (+1.6%)

$45,333 + $578,666

$623,999

2009

$7,905 (+3.6%)

$44,994 + $574,341

$619,335

2008

$7,629

$45,101 + $575,705

$620,806

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

100 ft.

Lot depth

170 ft.

Lot size

0.39 Acres

Year renovated

1958

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,502

Year built

1958

Style

Multi-Family (5+ Unit)

County

San Bernardino County

APN

0441 221 10 0 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 5, 2026.

R-M

Multi-Family Residential District

This district is intended to provide an area for higher density housing types, including single family attached and multi-family homes such as duplexes, condominiums, townhouses, apartments and senior housing developments. Single family detached units are allowed on existing lots of 8,712 sq ft net acres 10,000 sq ft in the Mountain Vista neighborhood only [2]. Up to 20 units per acre may be allowed. The minimum lot size shall be 17,424 sq ftnet acres 18,000 sq ft, except for existing lots of no less than 8,712 sq ft net acres in the Mountain Vista neighborhood. The maximum number of units allowed on a parcel located in the R-M district shall be calculated by multiplying the total net area of the lot in acres by 20 units per acre.

Permitted uses

Include but are not limited to:

Housing-Senior
Educational/school

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

6% chance of being in a wildfire in next 30 years

7/10 Heat Factor

7 days above 100° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

25 unhealthy days expected this year, 30 days in 30 years

Provided by First Street

Historical weather

Apple Valley, CA • 92307

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

89/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.5 hrs

6.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 15510 Tonekai

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Details provided by CRMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

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See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 15510 Tonekai

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 15510 Tonekai

Early Access listings

Nearby similar homes

New listings for sale in 92307

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