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.
For sale
Listing Provided by: Coldwell Banker Envision
$999,000
16228 Wato Rd, Apple Valley, CA 92307
8beds
8baths
3,808sqft
Est.:
Quadruplex
Built in 1984
-- sqft lot
$-- Zestimate®
$262/sqft
$-- HOA
What's special
Single-car garage parkingFunctional layoutUpdated stairs
- 10 days |
- 318 |
- 15 |
Zillow last checked:
Listing updated:
Listing Provided by:
Joanna Nassar DRE #01964182 joannasales365@gmail.com,
Coldwell Banker Envision
Source: CRMLS,MLS#: HD26073633
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,808
- Total interior livable area: 3,808 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Fencing: Chain Link
Lot
- Size: 0.41 Acres
- Features: Paved, Value In Land
Details
- Parcel number: 0473343090000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Apple Valley
Financial & listing details
- Price per square foot: $262/sqft
- Tax assessed value: $235,157
- Annual tax amount: $3,250
- Date on market: 4/8/2026
- Cumulative days on market: 11 days
- Listing terms: Cash,Submit
Estimated market value
Not available
Estimated sales range
Not available
$1,860/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $999,000+851.4%$262/sqft |
Source: | ||
| 12/1/2016 | Listing removed | $105,000$28/sqft |
Source: BONITA REALTY #CV16151447 Report a problem | ||
| 9/29/2016 | Listed for sale | $105,000$28/sqft |
Source: BONITA REALTY #CV16151447 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,250 +2.8% | $235,157 +2% |
| 2024 | $3,163 +1.1% | $230,546 +2% |
| 2023 | $3,129 +1.6% | $226,026 +2% |
| 2022 | $3,080 +2.3% | $221,594 +2% |
| 2021 | $3,011 +1.3% | $217,249 +1% |
| 2020 | $2,972 +1.9% | $215,021 +2% |
| 2019 | $2,917 +5.1% | $210,805 +2% |
| 2018 | $2,774 +1.5% | $206,672 +2% |
| 2017 | $2,732 | $202,620 +2% |
| 2016 | $2,732 +11.4% | $198,647 +1.5% |
| 2015 | $2,453 +1.6% | $195,663 +2% |
| 2014 | $2,415 | $191,830 +0.5% |
| 2013 | -- | $190,963 +2% |
| 2012 | -- | $187,219 +2% |
| 2011 | -- | $183,548 +0.8% |
| 2010 | -- | $182,176 -0.2% |
| 2009 | -- | $182,609 +2% |
| 2008 | -- | $179,029 +2% |
| 2007 | -- | $175,518 +2% |
| 2006 | -- | $172,077 +2% |
| 2005 | -- | $168,702 +2% |
| 2004 | -- | $165,394 +1.9% |
| 2003 | -- | $162,363 +2% |
| 2002 | -- | $159,179 +2% |
| 2001 | -- | $156,058 +2% |
| 2000 | -- | $152,998 |
Find assessor info on the county website
Monthly payment
Est. payment
$5,756/mo
Principal & interest
$4815
Property taxes
$941
More affordability tools
Climate risks
Neighborhood: 92307
Nearby schools
GreatSchools rating
- 5/10Desert Knolls Elementary SchoolGrades: K-6Distance: 1.3 mi
- 9/10Academy for Academic ExcellenceGrades: K-12Distance: 0.9 mi
- 4/10Granite Hills High SchoolGrades: 9-12Distance: 6.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- California
- San Bernardino County
- Apple Valley
- 92307
- 16228 Wato Rd




