4-Unit Residential Income
16228 Wato Road Apple Valley, CA 92307
For Sale
$899,900
Pending
MULTI_FAMILY - Apple Valley, CA
Property Size3,808 SF
Lot Size0.41 Acres
Days on Market111
Property Features for 16228 Wato Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 6, Bedroom 4, Bathroom 5, Laundry Room, Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 7, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 1
Parking
8
Fencing
Chain Link
Standard status
Pending
APN
0473343090000
Lot size
0.41 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Coldwell Banker Envision
(760) 245-7323
Listed By:
Joanna Nassar · License #01964182
(760) 245-7323
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 27 at 11:06AM
MLS# HD26073633
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale 4-unit residential income property is situated on approximately 0.4132 acres. The building includes four units, each with a functional layout and single-car garage parking. Each unit also features its own laundry.
The units are described as approximately 952 square feet each, with 2 bedrooms and 2 bathrooms. The two upstairs units include fireplaces. Public remarks also note recent upgrades, including exterior paint completed approximately two years ago and updated stairs, with units reported in good condition throughout.
The property is presented as fully rented, with all units currently occupied. The listing also highlights an expansive lot as a differentiating factor, along with convenience to shopping, schools, and major commuter routes.
The units are described as approximately 952 square feet each, with 2 bedrooms and 2 bathrooms. The two upstairs units include fireplaces. Public remarks also note recent upgrades, including exterior paint completed approximately two years ago and updated stairs, with units reported in good condition throughout.
The property is presented as fully rented, with all units currently occupied. The listing also highlights an expansive lot as a differentiating factor, along with convenience to shopping, schools, and major commuter routes.
Key Highlights
- Fully rented 4‑unit property on approximately half an acre
- Each unit is approximately 952 SF with 2 bedrooms and 2 bathrooms
- Each unit includes single‑car garage parking and its own laundry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $15.48 |
| − Vacancy | −$3.5k | −$0.91 |
| EGI | $55.5k | $14.57 |
| − OpEx | −$16.6k | −$4.37 |
| NOI | $38.8k | $10.20 |
3,808 SF · lease $15.48/SF/yr · vacancy 5.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.8K
$485.4K – $647.2K
NOI $38,833 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$481.6K
$421.4K – $561.9K
NOI $33,712 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$803.2K
$702.8K – $937.1K
NOI $56,227 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 4-unit property with each unit offering laundry and single-car garage parking.
Where is this quadplex located?
The property is located at 16228 Wato Road Apple Valley, CA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Fully rented 4‑unit property on approximately half an acre; Each unit is approximately 952 SF with 2 bedrooms and 2 bathrooms; Each unit includes single‑car garage parking and its own laundry
