6-Unit Apartment
For Sale
$960,000
15510 Tonekai, Apple Valley, CA 92307
The single-story property combines a varied one- and two-bedroom unit mix with on-site parking.
Property Size4,502 SF
Lot Size0.39 Acres
Price / SF$213.24
Days on Market21
Property Features for 15510 Tonekai
General Information
Standard status
Active
Size
4,502 SF
Net Rentable
4,502 SF
Lot size
0.39 Acres
Property subtype
Residential Income
Financials
Asking Price
$960,000
Cap Rate
6.5%
Units
Unit Mix
4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Building Details
Building Size
4,502 SF
Year Built
1958
Buildings
1
Stories
1
Units
6
Construction
stucco
Listing Agency:
LE INVESTMENT GROUP
(909) 256-7889
Listed By:
DARREN CORREA · License #02066621
(714) 310-2840
Source:
168realtyla
Added: Oct 13
Changed: Nov 2
Last Checked: Nov 2 at 2:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LE INVESTMENT GROUP
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Investment Insights
Based on property information with market context.
This six-unit apartment property has 4,502 rentable square feet in a single-story building constructed in 1958. The unit mix comprises four two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Stucco construction and on-site parking are additional features, and the parcel covers 0.39 acres.
The property is in Apple Valley, near shopping, dining, healthcare facilities, and employment centers across Apple Valley and the Victor Valley. The stated current capitalization rate is 6.50%, with a projected pro forma rate of 7.23%.
The property is in Apple Valley, near shopping, dining, healthcare facilities, and employment centers across Apple Valley and the Victor Valley. The stated current capitalization rate is 6.50%, with a projected pro forma rate of 7.23%.
Key Highlights
- Six apartments: four 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 4,502 rentable square feet in a single‑story building
- 0.39‑acre parcel with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,856
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,120
$797.1K
Cap Rate 7%
$569,371
$569.4K
Cap Rate 9%
$442,844
$442.8K
Market Conditions
NOI Build-Up for 4,502 SF
Gross rent
$77.3K $17.16/SF
− Vacancy
−$4.8K −$1.06/SF
EGI
$72.5K $16.10/SF
− OpEx
−$32.6K −$7.24/SF
NOI
$39.9K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,120
Cap Rate 7%
$569,371
Cap Rate 9%
$442,844
Alternative Uses
Best Use
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.6K
$830.9K – $1.11M
NOI $66,474 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
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Business Placement
Demographics for 92307, CA
41,649
Population
13,832
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
187.5 sq mi
ZIP Area
222
Density / Sq Mi
$74,715
Median Household Income
$39,014
Median Earnings
$1,379
Median Rent
$396,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The single-story property combines a varied one- and two-bedroom unit mix with on-site parking.
Where is this apartment building located?
The property is located at 15510 Tonekai Apple Valley, CA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Six apartments: four 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 4,502 rentable square feet in a single‑story building; 0.39‑acre parcel with on‑site parking
