Sold
Last Sold Price
8 beds4 baths3,517 sqft$191/sqft
15534 Tonekai Rd, Apple Valley, CA 92307
Multi FamilyProperty Type
0.45 acresLot Size
1970Year Built
$191/sq ftPrice per sq ft
4 carsParking Spaces

Description

Great investment opportunity with established tenants and a low maintenance property. Four units, each with 2 bedrooms and 1 bath surrounding a courtyard. There is one garage and 3 carports on a huge corner lot. Separate meters for each unit. Do not disturb tenantsGreat investment opportunity with established tenants and a low maintenance property. Four units, each with 2 bedrooms and 1 bath surrounding a courtyard. There is one garage and 3 carports on a huge corner lot. Separate meters for each unit. Do not disturb tenants
  • Listed by: Dolce Ibarra DRE #01258604 Brokerage DRE #01849354 • Century 21 Masters 951-531-7009
Listing closed: 06/04/2024 12:00 AM • Source: CRMLS, MLS#: IG24055378

Recent comparable sales

Median sold price

$748,000

Avg days on market

66

Sale-to-list ratio

97.0%

Apple Valley, CA

9 comparable properties found

$748,000 | 15524 Tonekai Road, Apple Valley, CA 92307
1

$748,000

Sold 03/21/25

8
Bedrooms
4
Bathrooms
3,517
Square Feet
0.52
Acres
a car parked on the side of the road
2

$729,900

Sold 02/11/25

8
Bedrooms
4
Bathrooms
3,660
Square Feet
0.52
Acres
a kitchen that has a sink a stove and cabinets
3

$750,000

Sold 12/24/25

8
Bedrooms
4
Bathrooms
3,808
Square Feet
0.43
Acres
a view of swimming pool with an outdoor seating
4

$760,000

Sold 03/04/26

8
Bedrooms
4
Bathrooms
3,960
Square Feet
0.50
Acres
a front view of a house with a yard
5

$804,111

Sold 06/04/25

8
Bedrooms
4
Bathrooms
3,340
Square Feet
0.37
Acres
$855,000 | 15821 Rancherias Road, Apple Valley, CA 92307
6

$855,000

Sold 04/10/25

8
Bedrooms
4
Bathrooms
3,960
Square Feet
0.49
Acres
$675,000 | 15893 Sago Road, Apple Valley, CA 92307
1/9
7

$675,000

Sold 05/29/26

8
Bedrooms
4
Bathrooms
3,960
Square Feet
0.62
Acres
a view of a street with a building in the background
8

$610,000

Sold 03/06/25

8
Bedrooms
4
Bathrooms
3,500
Square Feet
0.60
Acres
$695,000 | 15400 Kiamichi Road, Apple Valley, CA 92307
9

$695,000

Sold 06/15/26

9
Bedrooms
5
Bathrooms
3,753
Square Feet
0.39
Acres

Location

Listing Courtesy of Century 21 Masters, Dolce Ibarra, DRE #01258604

Sold By Homequest Real Estate, Karim Almandos, DRE #01197927

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$4,104 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,406

Property Taxes

$698

HOA Dues

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Property Information for 15534 Tonekai Road

Property Details
  • MLS Type: Residential Income
  • Parking Spaces Total: 4
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 3517
  • Assessor Parcel Number: 0441-221-08-0000
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 800
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 3517
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: No
  • Zoning: Assessor
  • Senior Community: No
  • Parcel Number: 0441221080000
  • Area: Apple Valley (APPV)
  • Directions: North of Happy Trails, East of Rancherias
Building Information
  • Stories: 1
  • Year Built: 1970
  • Lot Size: 0.45 AC / 19,800 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $56,940
  • Gross Scheduled Income: $56,940
  • Net Operating Income: $47,299
  • Cap Rate: 7.0
Expense Details
  • Operating Expense: $9,641
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $9,641
Tax / Assessment Info
  • Tax Tract Number: 4112
  • Tax Census Tract: 97.27
  • CFD/Mello-Roos Fee: $999
  • Tax Lot: 209
Community / Development
Community / Development
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft, Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 3
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,045
  • Unit Type Total Rent: $1,045
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 15534 Tonekai Road

DateEvent & SourcePriceAppreciation
Jun 4, 2024

Sold

SDMLS #IG24055378

$670,000
Jun 4, 2024

Sold

CLAW #IG24055378MR

$670,000
Jun 4, 2024

Sold

CRMLS #IG24055378

$670,000
DateEvent & SourcePrice
06/04/2024

Sold

SDMLS #IG24055378

$670,000
06/04/2024

Sold

CLAW #IG24055378MR

$670,000
06/04/2024

Sold

CRMLS #IG24055378

$670,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 15534 Tonekai Road

Taxable ValueLand$104,040Additions$593,028Total$697,068
Tax Record2025$8,379 ($698 / month)
Home Facts
Baths1Total Finished SqFt3,517 SqFtAbove Grade Finished SqFt3,517 SqFtStories1Lot Size19,800 SqFtStyleQuadraplexYear Built1970Year Renovated1970CountySAN BERNARDINOAPN0441-221-08-0000

Schools near 15534 Tonekai Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 12
Public - K to 8
Rating
School
Distance
Phoenix Academy
PublicK to 8

Granite Hills High School
Public9 to 12

High Desert Premier Academy
PublicK to 12

Apple Valley Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 15534 Tonekai Road, Apple Valley, CA 92307
$670,000
8
4
3,517
19,800
4
3,162
20,400
$748,000
8
4
3,517
22,800
$30,000
18,150
$920,000
12
32
4,012
17,000
$920,000
17,001

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Masters, Dolce Ibarra, DRE #01258604

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.