Sold
Last Sold Price
8 beds8 baths3,808 sqft$226/sqft
16228 Wato Rd, Apple Valley, CA 92307
Multi FamilyProperty Type
0.41 acresLot Size
1984Year Built
$226/sq ftPrice per sq ft
8 carsParking Spaces

Description

Rare Opportunity to Own a Fully Rented 4-Unit Property Situated on Approximately Half an Acre in an Ideal Location. Properties like this do not come up often, making this a standout investment opportunity in today’s market. All Units Are Currently Rented, offering strong income potential. Each Unit Features a Functional Layout along with Single-Car Garage Parking, providing added convenience and appeal for tenants. Each unit is approximately 952 square feet and offers 2 bedrooms and 2 bathrooms....Rare Opportunity to Own a Fully Rented 4-Unit Property Situated on Approximately Half an Acre in an Ideal Location. Properties like this do not come up often, making this a standout investment opportunity in today’s market. All Units Are Currently Rented, offering strong income potential. Each Unit Features a Functional Layout along with Single-Car Garage Parking, providing added convenience and appeal for tenants. Each unit is approximately 952 square feet and offers 2 bedrooms and 2 bathrooms. The expansive lot sets this property apart from others in the area, offering additional space and long-term potential. This Well-Maintained Property has seen Recent Upgrades, including Exterior Paint completed approximately 2 years ago, Updated Stairs, and Units that have been improved and are in Good Condition throughout. All Units Feature Their Own Laundry, adding everyday convenience, while the Two Upstairs Units offer Fireplaces for added comfort and appeal. Comparable multi-unit properties in the area continue to be in high demand, making this the type of asset investors are actively seeking. Conveniently located near Shopping, Schools, and major commuter routes, this property offers excellent accessibility and rental appeal. A Strong Opportunity to acquire a Well-Kept, Income-Producing 4-Plex in a desirable and growing market.
  • Listed by: Joanna Nassar DRE #01964182 Brokerage DRE #02211662 • Coldwell Banker Envision joannasales365@gmail.com
Listing closed: 08/07/2026 12:00 AM • Source: CRMLS, MLS#: HD26073633

Location

Listing Courtesy of Coldwell Banker Envision, Joanna Nassar, DRE #01964182

Sold By Better Homes And Gardens Real Estate, Francisco Lopez, DRE #01768184

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Property Information for 16228 Wato Road

Property Details
  • MLS Type: Residential Income
  • Parking Spaces Total: 8
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 3808
  • Assessor Parcel Number: 0473-343-09-0000
  • 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 Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 3808
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Zoning: Public Rec
  • Senior Community: No
  • Parcel Number: 0473343090000
  • Area: Apple Valley (APPV)
  • Directions: From I 15 N Exit D St. / HWY 18, Turn Right, Continue Over the hill to Apple Valley Rd, Turn Left. Turn Left onto Muni Rd, Turn Right onto Wato Rd. PIQ is on the Left Side
Building Information
  • Stories: 2
  • Year Built: 1984
  • Lot Size: 0.41 AC / 18,000 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $74,400
  • Gross Scheduled Income: $74,400
  • Net Operating Income: $53,644
  • Cap Rate: 5.37
  • Financing: Other
Expense Details
  • Operating Expense: $17,036
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,000
  • Trash Expense: $3,276
  • Water Sewer Expense: $6,960
  • Total Expenses: $17,036
Tax / Assessment Info
  • Tax Tract Number: 7802
  • CFD/Mello-Roos Fee: $899
  • Tax Lot: 119
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Structures: Value in Land
  • Other Structures: Value in Land
  • Miscellaneous: Value in Land
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Paved, Value In Land
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
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: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 16228 Wato Road

DateEvent & SourcePriceAppreciation
Aug 7, 2026

Sold

SDMLS #HD26073633

$860,000
Aug 7, 2026

Sold

CLAW #HD26073633MR

$860,000
Aug 7, 2026

Sold

CRMLS #HD26073633

$860,000
DateEvent & SourcePrice
08/07/2026

Sold

SDMLS #HD26073633

$860,000
08/07/2026

Sold

CLAW #HD26073633MR

$860,000
08/07/2026

Sold

CRMLS #HD26073633

$860,000

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

Public Records for 16228 Wato Road

Taxable ValueLand$59,966Additions$179,894Total$239,860
Tax Record2025$3,250 ($271 / month)
Home Facts
Baths2Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtStories2Lot Size18,000 SqFtStyleQuadraplexYear Built1984Year Renovated1984CountySAN BERNARDINOAPN0473-343-09-0000

Schools near 16228 Wato Road

This home is within Apple Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Desert Knolls Elementary School
PublicK to 6

High Desert Premier Academy
PublicK to 12

Granite Hills High School
Public9 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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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 Coldwell Banker Envision, Joanna Nassar, DRE #01964182

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.