15592 Tonekai Road, Apple Valley, California 92307, Apple Valley, 92307 - bed, bath
ACTIVE$600,000$2,915/sqft
15592 Tonekai Road, Apple Valley, California 92307
0Bed
0Bath
2,915Sqft
20,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'Great Investment Opportunity' due to its triplex nature, individual unit amenities, and tenant responsibility for gas, electricity, and cable.
Top Cons:
Owner-Paid Utilities: The owner is responsible for water, sewer, and trash, which can impact the net operating income and overall cash flow for an investor compared to properties where tenants cover all utilities.
Compared to the nearby listings
Price:$600.0K vs avg $785.0K ($-185,000)14%
Size:2,915 sqft vs avg 3,604 sqft14%
Price/sqft:$206 vs avg $20650%
More Insights
Built in 1989 (37 years old).
Condition: The property was built in 1989, making it 35 years old. While the listing describes all units as being in 'great condition' and the exterior as 'well maintained,' there is no evidence of extensive recent renovations (within the last 15 years) to bring it to modern standards. The age suggests that major systems and interior components, particularly kitchens and bathrooms (for which no images are provided), are likely functional but show signs of being outdated in style and may be nearing the end of their expected lifespan. Exterior images show typical wear and tear for a property of this age, such as cracks in the concrete driveways. It is maintained but likely requires minor updates to meet current aesthetic and functional expectations.
Year Built
1989
Close
-
List price
$600K
Original List price
$580K
Price/Sqft
$206
HOA
-
Days on market
-
Sold On
-
MLS number
CV25279669
Home ConditionFair
Features
Good View:
View-
About this home
Triplex Property for Sale in Apple Valley, CA. Great Investment Opportunity! This triplex is located in a very nice cul-de-sac. There’s one 3 Bedroom, 2 Bathroom Unit which is unique to this Triplex and the other two Units are 2 Bedrooms, 2 Bathroom. Each Unit includes a 2-Car Garage with direct access, Laundry Hookups and HVAC. All 3 units are in great condition. Tenants pay for Gas, Electricity, and Cable. Owner pays for Water, Sewer, and Trash. The exterior is well maintained with great curb appeal. This property has a lot to offer. Come take a look!
T
Tony Nelson
Listing Agent
Price History
Date
Event
Price
01/07/98
Sold
$90,000
03/25/22
Sold
$520,000
04/10/18
Sold
$340,000
05/04/04
Sold
$230,000
12/05/01
Sold
$94,000
Condition Rating
Fair
The property was built in 1989, making it 35 years old. While the listing describes all units as being in 'great condition' and the exterior as 'well maintained,' there is no evidence of extensive recent renovations (within the last 15 years) to bring it to modern standards. The age suggests that major systems and interior components, particularly kitchens and bathrooms (for which no images are provided), are likely functional but show signs of being outdated in style and may be nearing the end of their expected lifespan. Exterior images show typical wear and tear for a property of this age, such as cracks in the concrete driveways. It is maintained but likely requires minor updates to meet current aesthetic and functional expectations.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Great Investment Opportunity' due to its triplex nature, individual unit amenities, and tenant responsibility for gas, electricity, and cable.
Premium Unit Amenities: Each unit offers highly desirable features including a 2-car garage with direct access, individual laundry hookups, and HVAC, enhancing tenant appeal and retention.
Excellent Condition & Curb Appeal: All three units are described as being in 'great condition,' and the exterior is 'well maintained with great curb appeal,' suggesting minimal immediate capital expenditure for a new owner.
Desirable Unit Mix: The property includes a unique 3-bedroom, 2-bathroom unit alongside two 2-bedroom, 2-bathroom units, catering to a wider range of potential tenants and family sizes.
Favorable Location: Situated in a 'very nice cul-de-sac,' offering reduced traffic, increased privacy, and a more desirable residential environment for tenants.
Cons
Owner-Paid Utilities: The owner is responsible for water, sewer, and trash, which can impact the net operating income and overall cash flow for an investor compared to properties where tenants cover all utilities.
Property Age: Built in 1989, the property is over 30 years old. While currently in great condition, it may require more significant capital expenditures for major systems (e.g., roof, plumbing, electrical) in the long term compared to newer constructions.
Market Specificity: Located in Apple Valley, the investment performance and rental demand are tied to the specific economic and demographic trends of this high desert community, which may differ from more diverse or rapidly growing markets.